News
“Pepper exports increase 30% : Vietnam exported nearly 131,777 tonnes of pepper worth 408.9 million USD in the first five months of this year, up 30% in volume but down 12.7 in value over the same period last year, according to the Vietnam Pepper Association (VPA).” – Reported on June 10, 2023 https://en.vietnamplus.vn/pepper-exports-increase-30/254438.vnp
Review
The news that Vietnam’s pepper exports increased by 30% in the first five months of 2023 is a positive development for the country’s agricultural sector. The increase in volume is likely due to a combination of factors, including favorable weather conditions and increased demand from key export markets such as China and the Philippines. The decline in value, however, is likely due to a fall in global pepper prices.