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Thursday, July 18, 2024

Black pepper export volume down

The Saigon Times

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HCMC – Vietnam’s black pepper export volume tumbled in September, according to the Import-Export Department under the Ministry of Industry and Trade.

In the first nine months of the year, the country shipped abroad 174,530 tons of black pepper worth US$770.44 million, down 18% in volume but up 7.1% in value year-over-year.

Exports of black pepper to key markets such as the U.S., Germany and the Middle East fell last month.

The decline in black pepper export is forecast to continue because of the continued fall in consumption in the major markets that are struggling with runaway inflation and the rise of the U.S. dollar.

According to the Ministry of Agriculture and Rural Development, the total output of black pepper in 2022 is expected to decline 10% over last year at 175,000 tons.

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