Vietnam's pepper export earnings up in first 10 months
HANOI (Xinhua): Vietnam reaped pepper export revenues of 224 million U.S. dollars in the first 10 months of this year, a year-on-year rise of 28.1 percent, despite smaller export volume.
Vietnam, the world's biggest pepper exporter, shipped abroad 70, 000 tons of the product in the period, down 36.2 percent, according to the Vietnam Pepper Association on Friday.
The higher pepper export earnings were attributed to increasing prices of pepper in the world market, which stood at 3,140 dollars per ton on average in October, said the association.
Vietnam's pepper output is estimated at 80,000-90,000 tons this year, lower than last year, mainly due to unfavorable weather situations.
The country, which used to export raw pepper, has in recent years intensified investment in employing advanced production lines to turn out high-grade pepper, capable of meeting strict requirements set by such big markets as the European Union, the United States, Russia, China, Japan and Singapore.
Vietnam now houses 52,500 hectares of pepper, with an average output of 2.3 tons per hectare. Southern Binh Phuoc province alone has nearly 13,500 hectares.
Agri. & Commodities
