Vietnam’s pepper exports surge 46.9% YoY in 9m

Vietnam’s pepper exports surged in the first nine months of 2024, generating more than $1 billion. This represents a 46.9 per cent increase in value compared to the same period last year, according to VnExpress.

In September alone, the country’s pepper exports reached $125 million, with an average export price of $6,239 dollars per ton. This is the highest price recorded in the past eight years.

Experts predict that domestic pepper prices will continue to rise due to increasing demand ahead of the Lunar New Year. However, Vietnam’s pepper output is expected to decline in the 2025 crop due to the impact of drought.

Attribution: Xinhua

Subediting: M. S. Salama