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VietNamNews

Viet Nam still world's No 1 pepper exporter

Update: June, 25/2012 - 09:54

HCM CITY — Viet Nam exported 62,000 tonnes of pepper worth US$424 million in the first five months of the year, maintaining its top position among pepper exporters worldwide, according to the Export – Import Department under the Ministry of Industry and Trade.

The department said the amount of exported pepper, which accounted for 40-50 per cent of the world's pepper output, increased 14.5 per cent in volume and 47.2 per cent in value, compared to the same period last year.

For May, 15,000 tonnes of pepper were exported, with a turnover of more than $102 million.

The US, Germany and the United Arab Emirates (UAE) are the three largest import pepper markets for Vietnamese pepper. Turnover was more than $30 million each from these markets.

As of the end of April, five other markets brought more than $15 million each, including Egypt ($18.93 million), India ($21.7 million), Holland ($27.7 million), Singapore ($18.33 million) and Spain ($21.26 million).

The UAE is a market with high potential because of strong pepper demand and favourable trade conditions, with no tariff barriers or charges.

Vietnamese companies have been urged to seek long-term relationships with UAE agents and distributors to gain prestige and a foothold in the country. — VNS

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