Pepper export income from Vietnam increased by 41 percent

07-Aug-2024 01:47 PM

Ho Chi Minh City. A report by the Pepper and Spice Association of Vietnam, the leading producer and exporter of pepper in South-East Asia,

shows that although the export quantity of pepper from the country declined marginally by 2.2 percent during the first seven months of the current year i.e. January-July 2024 as compared to last year, the export income jumped by 41 percent to $764.2 million.

According to the association, the high and rapid price of pepper in the global market led to a tremendous increase in export income.

During this period, the US remained the top buyer of Vietnamese pepper. Its exports there reached 43,349 tonnes with a strong increase of 48.4 percent compared to last year. In these seven months, 26.4 percent of pepper exports from Vietnam were made to the US alone.

It was followed by Germany, United Arab Emirates (UAE), India and China. In July 2024 alone, the export of pepper from Vietnam increased to 21,771 tonnes, in which the share of black pepper was 19,371 tonnes and that of white pepper was 2400 tonnes. Due to this,

Vietnam received a great income of $129.9 million. Compared to July 2023, during July 2024, the export of pepper from Vietnam increased by 43.7 percent in terms of quantity and about 129 percent in terms of income.

During January-July 2024, Vietnam exported a total of 1,64,357 tonnes of pepper, in which the contribution of black pepper was 1,45,330 tonnes and that of white pepper was 19,027 tonnes.

Along with increasing the production of pepper in Vietnam, a strong effort is being made to keep its quality at a high level so that the demand in the global market remains strong. In India also, huge quantity of black pepper is imported from Vietnam.