By 2050, world pepper production will increase to 1 million tons and demand will increase, but not balanced with supply. Therefore, it will be hard for pepper prices to recover strongly due to excess supply.
Deputy Minister of Agriculture and Rural Development Le Quoc Doanh emphasized that pepper industry is an important industry of Vietnam and has many advantages. With the world's No. 1 productivity, competitiveness is still very large.
“At this time, there are some difficulties, limitations, affecting production, affecting people's lives, many families have no capital to invest. Epidemics and other risks are the consequences of an increase in area heat. The ministry suggested localities try to stabilize the area so that the whole country has about 100,000 hectares. For areas of diseased, dead and ineffective plants, they do not replant and transfer to other crops such as mangosteen, avocado, mango … ”, Deputy Minister Doanh emphasized.
“Thus, for pepper, the negotiations on opening markets on tariffs and rules of origin have been well implemented in recent years,” the Import-Export Department said.
The Import-Export Department said that in order to make good use of the above-mentioned opportunities, businesses need to actively seek information about the Agreements in order to firmly grasp commitments between Vietnam and partner markets, especially the information on preferential tariffs, quality requirements, rules of origin of goods.
In addition, in fact, the price of pepper will depend on the type of seed as well as the quality of the seed (if the same type), so to improve the price for pepper, the core measure lies in cultivation and post-harvest stages.
The pepper industry needs to innovate its growth model in the coming time, focusing on quality right from the raw material stage to creating high quality products, participating in high value-added markets to enhance the value. , economic efficiency.
Indian coffee farmers, who have been burdened with lower yields this year, are facing another problem with sharply declining pepper output.
Pepper is often intercropped with coffee and areca in the states of Karnataka, Kerala and Tamil Nadu in India.
While coffee production is estimated to fall by 15-20% this year, pepper output is expected to decline by more than 30%, according to Deccan Herald.
In 2018/19, India harvested 64,000 tons of pepper and is estimated to decrease to about 45,000 tons in 2019/20.
In 2017/18, pepper production reached 70,878 tons due to the districts of Kerala state and 5 districts of Karnataka state affected by heavy rain, floods and landslides, causing damage to plantations resulting in low yields.
Source: VITIC
