Pepper exports rose sharply in January to 12,000 tonnes, earning US$79.5 million (up 330 percent compared to the same month of last year).
According to the Vietnam Pepper Association (VPA), Vietnam is the only supplier as it is harvest time in the country. Other countries will have to wait until July.
However, the association predicts that this year’s pepper output will drop by 20-25 percent due to dry weather conditions.
It has recommended that Vietnamese businesses and farmers have second thoughts before signing major or fixed-term contracts with importers.
Source VOV
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