Viet Nam’s pepper export turnover in 2021 is estimated to reach the highest level since 2018 thanks to higher export prices, but the global pepper market development looks set to be unpredictable in 2022.
Viet Nam is at risk of losing out on major pepper export markets due to increasing logistics costs, according to the Viet Nam Pepper Association (VPA).
With supply remaining higher than demand in the global market, pepper prices are unlikely to recover this year, according to the Việt Nam Pepper Association.
Nguyen Nam Hai, chairman of the Viet Nam Pepper Association, tells Viet Nam News about how to improve the value of the spice and develop the pepper industry.
Viet Nam’s output and export of pepper increased sharply last year, but their prices and thus turnover from exports fell, according to the industry association.
The Viet Nam Pepper Association''s proposal for a pepper futures trading
centre was welcomed by farmers who hoped that such trading would give
them an upper hand while deciding prices.
Viet Nam''s pepper industry plans to focus on improving quality to ensure
long-term growth and satisfy demand from import markets, an official of
the Viet Nam Pepper Association (VPA) has said.
Spain will initiate special measures to control black pepper imports to
this country after a warning about high residue of carbendazim
fungicide found in some batches of Vietnamese pepper.
More than 380 pepper producers, exporters, policymakers, consumers, and
scientists from more than 25 countries are attending a four-day meeting
that opened in HCM City yesterday.
Transactions of farming products on electronic trading floors are not
popular in Viet Nam, even though the state and many firms have tried to
promote them.