According to preliminary statistics from the General Department of Customs, as of December 15, Vietnam had exported nearly 242,000 tons of pepper of all kinds, earning 1.26 billion USD. Accordingly, the export value of the item considered as Vietnam's "black gold" has far exceeded the figure of 910.5 million USD for the whole year of 2023, while the export volume was about 23,900 tons lower. This is also a record high for the pepper industry since 2017, at the same time bringing the "black gold" item back to its golden age.
The reason is that pepper prices have skyrocketed since the beginning of the year. Specifically, in January this year, the export price of pepper was only at 4,003 USD/ton, and by October it had jumped to 6,501 USD/ton, an increase of 72.4% compared to the same period last year. A recent report from the Ministry of Agriculture and Rural Development also showed that the average export price of our country's spice seeds in the 11 months of 2024 reached 5,198 USD/ton, a sharp increase of 53.3% compared to the same period in 2023. In the domestic market, pepper prices increased from 80,000 VND/kg in January to 180,000 VND/kg in mid-June. After that, the price cooled down but remained at a high level, helping pepper growers in our country make a big profit. Currently, the three largest pepper export markets of Vietnam are the US, Germany and the United Arab Emirates, accounting for 44.1% of the total export turnover of this industry. In particular, exports to the German market attracted attention when recording an increase of 2.4 times compared to the same period in 2023. In the coming time, the "black gold" growing capitals of our country will enter a new harvest, with an estimated output of 170,000 tons. Notably, after a year of good pepper prices, farmers no longer have the mentality of massively planting new crops. Instead, they focus on increasing pepper productivity and quality through organic farming methods. In addition, instead of growing pepper alone, farmers switch to intercropping with coffee and fruit trees. This helps crops complement each other in terms of nutrition and effective pest control, ensuring output to continue to maintain the No. 1 position in the world market.

Vietnamnet.vn

Source: https://vietnamnet.vn/gia-tang-vun-vut-viet-nam-ban-242-nghin-tan-vang-den-thu-gan-1-3-ty-usd-2355620.html