Pepper keeps going up

A source from Vietnam Pepper Association said that due to a fall in the world’s pepper output, pepper price has increased 3 times against the same period of 2010, the state newspaper Nguoi Lao Dong reported on Wednesday.

Similarly, domestic pepper now stands at 112,000 dong per kg, up 22,000 dong/kg month on month. As forecasted, the price will keep going up because of more and more small speculators, dealers, agents and farmers who are storing goods for higher prices.

During the first 3 months of this year, Vietnam’s pepper export reached 25,128 tons for $123 million, growing 44 percent year on year.

Tags: Vietnam Pepper, Vietnam pepper exports

Posted by VBN on Apr 14 2011. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry