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VietNamNews

Pepper price seen increasing

Update: September, 05/2014 - 07:37

Photo baodongnai

HA NOI (VNS) — The destruction of pepper in the Central Highland and East Southern regions of Viet Nam is expected to drastically reduce the production volume and increase the price of the crop.

Tran Duc Tung, chief of the Viet Nam Pepper Association (VPA), said diseases, climate change and the use of fake fertilizers have destroyed around 600 hectares of farms planted to the crop. He predicted that the market price of pepper would likely increase in 2015.

Pepper in the Central Highland and East Southern provinces is now worth between VND184,000-187,000 (US$8.6) per kilo, or an increase of VND42,000 to 45,000 over its price last April. — VNS



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