The Ministry of Industry and Trade urges firms to control the quality of pepper exported to India and develop solutions to cope with policies affecting the export of pepper from Việt Nam.
Việt Nam may not reach its pepper export goal for this year due to many difficulties, according to the Việt Nam Pepper Association (VPA).
Pepper prices this year are unlikely to recover after a strong reduction in 2019 due to abundant supply.
With supply remaining higher than demand in the global market, pepper prices are unlikely to recover this year, according to the Việt Nam Pepper Association.
Nguyễn Nam Hải, chairman of the Việt Nam Pepper Association, tells Việt Nam News about how to improve the value of the spice and develop the pepper industry.
Companies interested in organic agriculture should engage in market research and brand building, and not just simply chase trends without having first identified buyers, experts have said.
The pepper industry plans to reduce the area under the spice and focus on improving quality to ensure long-term growth, according to the Ministry of Agricultural and Rural Development.
The Department of Farm Produce Processing and Market Development has forecast that pepper prices will struggle to recover in July and the rest of the year.