Vietnam sees surges in pepper exports to France in 7 months

Vietnam exported to France 2,860 tonnes of pepper for 8.18 million EUR (9.6 million USD) in the first 7 months of this year, up 28.6 percent in volume and 44.3 percent in value against a year earlier, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.

France has remained one of the largest pepper buyers in the EU that does not only import pepper for domestic consumption but also for re-export to other European countries.

From January to July, Vietnam’s pepper accounted for 37.2 percent of France’s total imports, an increase from 30.72 percent over the same period last year, and the Vietnamese product fetched higher prices in the European country, the agency quoted data from Eurostat, the statistical office of the European Union, as saying.

In Vietnam, black pepper was sold at 76,000 – 80,000 VND (3.34-3.51 USD) per kg in mid-September, up 2 – 2.7 percent from the end of August. White pepper fetched 119,000 VND in the middle of this month, up 1.7 percent from the end of August and 77.6 percent year-on-year.

Pepper prices are likely to rise further in the coming time as Vietnam is gradually relaxing social distancing measures, prompting traders to increase buying to meeting demand for exports.

Source: VNA