However, in terms of value, turnover this year only decreased by 16% compared to last year because export prices are expected to remain high.
The Ministry of Agriculture and Rural Development forecasts that Vietnam's pepper export in 2012 will reach nearly 86,000 tons, earning nearly 619 million USD, down 30% in volume but only 16% in price compared to 2011.
In 2011, there was a sharp increase in the price of pepper in both domestic and export markets due to rising world demand while supply was scarce in the last months of the year.
Purchasing price of pepper in the country increased sharply in the first 3 quarters. The price of black pepper reached a record level in the period of 20-25 September when it reached 161,000 VND / kg, an increase of 116% over the same period in 2010. The price of white pepper purchase reached 197,500 VND / kg, an increase of 99% over the same period. last year.
At present, the price of domestic black pepper is VND 128,000 – 130,000 / kg, the price of white pepper at VND 180,000 – 185,000 / kg.
Export prices of pepper also increased sharply in the past year, supported by factors such as a decrease in world supply due to Indonesia's crop failures; Indian importers are actively buying to consolidate goods; The foreign exchange market was not stable, as the prices of other commodities increased, causing the price of pepper to soar.
Export price of black pepper standard grade 550 gr / liter on 23/12 reached 6,650 USD / ton, black pepper 550 gr / l reached 6,950 USD / ton, up 55-60% over the same period last year while white pepper export price Export turnover is now at 9,650 USD / ton, up nearly 45% over the same period in 2010.
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