While India almost hardly exported only about 9,500 tons pepper in the same period. Pepper price in India is offered with much higher price has caused serious slump in exports India pepper.

According to the Vietnam Pepper Association (VPA), export turnover grow strongly over the same period last year, increase 47.5% or 257 million. The total pepper export value reached U.S. $ 797 million in contributions in which black pepper 694 million and white pepper is $ 103 million.

This growth rate was mainly due to pepper prices on the world increased strongly for nearly 1 year. Average price of black pepper in the past time is $ 6885 / ton for black pepper and white pepper $ 9,716, corresponding to an increase of 707 USD / ton for black and 851 USD / ton for white pepper compared with the same period last year.

The biggest advantage of Vietnam‘s is a large output volume along with the highest productivity in the world. Thanks to those main causes, Vietnam can offer with the lowest prices in the world. India pepper prices higher than USD 3,000 / ton compared to prices offered by Vietnam, it was the main cause makes India almost stand outside global spices market, a leading pepper exporter in Kochi said. Although manufacturers of added value products in India also depened heavily on imports pepper. The pepper market in north India also sells imports pepper due to cheaper than domestic prices.

Vietnam pepper plantation

This year, Vietnam is expected to export a total of 150,000 tons pepper while the pepper production in India is less than 35,000 tons. Some farmers predict yields much lower, only about 25,000 tons. With the power of high yeild and productivity Vietnamese growers can offer the lowest prices of the world.

The U.S. continues to be one of the largest importers of pepper from Vietnam with 22 632 tons in the first six months of this year. However, Singapore is considered the strongest import growth of pepper in Vietnam in recent times, pepper imports of Singapore in the first six months of the year reached 12,618 tons, up 6,524 tons from last year.

Most markets such as India, Saudi Arabia, Pakistan, Netherlands, Spain increased imports volume except Germany. The German market showed a decrease of pepper imports from Vietnam. In the first 6 months of this year, Germany imported only 3,525 tons, according to data from the Ministry of Agriculture Vietnam. India imported 7,431 tons of pepper from Vietnam and Pakistan imported 4,511 tons in the same period.

Export of pepper in Vietnam may hit the record $ 1 billion in this year, about 140,000 tons are exported according to Vietnam Pepper Association (VPA).

International Pepper Community (IPC) predicted global supply decreased by 45,000 tons to 320,000 tons this year and the demand will continue high, remaine the pepper prices in high level. Holding about 50% market share of the global market, Vietnam completely dominate the market.

 Vietnam‘s pepper products exports to over 90 countries and territories, according to VPA, Europe and Asia continued to be the largest export markets.

Price hikes

Global prices hit $ 10,000 / ton, while domestic prices of up to $ 12,500. Together with witnessing Malaysia and Indonesia are in the crisis of supply and India is becoming an importer of pepper, maybe "sky" will be limited to the price of consumption, according to a leading pepper exporter.

Source: peppervietnam.com