According to the Department of Crop Production, prices pepper From the beginning of the year continued to decrease compared to recent years. At the beginning of the season, the price is about 40,000 VND / kg. From early June until now, prices have increased, from 45,000 to 47,000 VND / kg.
Because the price of pepper has decreased for many years, affecting farmers' income, leading to reduced investment in care, so many pepper gardens have been growing poorly, trees have been weakened, and diseases have been attacked. pepper is dead.
Despite this, pepper output still increased significantly due to overall productivity increase. Specifically, the total area of pepper nationwide is 145,447 hectares, down about 4,000 hectares compared to 2018; productivity of 25.5 quintals / ha, an increase of 1.2 quintals / ha and output of about 300,000 tons, an increase of 45 thousand tons compared to 2018.
In the first 5 months of 2019, pepper exports were estimated at 144 thousand tons and USD 372 million, up 33.2% in volume but down 2.4% in value over the same period in 2018. Average export price of pepper In the first four months of 2019, it reached US $ 2,621 / ton, down 25.9% over the same period in 2018.
Pepper prices are low compared to many years due to the large supply. It is forecasted that in the short term, the global pepper market will still be under downward pressure due to oversupply. In the coming time, the global pepper price cannot recover, but the rate of decline will slow down.
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