The average export price of black pepper is 4,197 USD per ton and white pepper, 5,804 USD per ton, up 754 USD and 849 USD respectively compared to the same period in 2023.

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Vietnam's pepper export nears 500 million USD.

The U.S. was the largest importer of the Vietnamese spice in the period with 30,466 tons, accounting for 26.6% of the total and up 44.4% year on year. Exports also skyrocketed in some markets such as Italy, Germany, and Russia with rises of 179%, 103.2% and 49.7%, respectively.

Vietnam has promoted pepper export to many traditional markets such as the U.S., India, Germany, the Netherlands, the Republic of Korea, and Egypt. Export to many markets increased sharply in both volume and value.

According to the Vietnam Pepper and Spice Association (VPSA), Vietnam's pepper production this year is estimated to decrease by 10% compared to last year, to only about 170,000 tons - the lowest in the past five years. Meanwhile, the supply from countries such as Brazil, Indonesia, India and even smaller producers like Malaysia and Sri Lanka is also declining.

Source: VNA