Unispicevn

Vietnamese pepper prices are seen as subject to downward pressure currently as demand is weak ahead of the country's annual tet festival. Especially, in the near future time, the eu-vietnam free trade agreement (evfta) is expected to open up opportunities for vietnam's agricultural products as the import tax is sharply reduced to 0 - 5%. Even pepper — a commodity that vietnam has strength in the eu — has faced difficulties recently when the eu has warned about pesticide residues.

Fighting between the two sides continued, with heavy foreign intervention, during the vietnam war, which ended with a north vietnamese victory in 1975. Last year exports of its main agricultural products were worth us$27 billion, or nearly 11 per cent of total exports. With commitments under ftas, import tariffs will be reduced or eliminated in various markets, creating favorable conditions for viet nam's exports,” he told a workshop held in hcm city on wednesday.

For example, vietnam is one of the two vietnam pepper exporter  suppliers of pepper to the eu with an average export volume of 40,000 tons a year, accounting for 23% of vietnam's pepper exports and meeting 53% of the eu market's demand. Pepper cultivation in vietnam started popular since 1970's, with about 400ha of cultivation area yielded about 500 metric tons. In 2016 vietnam imported 22,300 mt of pepper.

Beside export viet nam also imports pepper for re-export. The workshop titled opportunities to access potential export markets for food and foodstuff sector” was held on the sidelines of the vietfood, beverage and professional packing machines international exhibition held in hcm city from august 7 to 10. Vietnam has advantages in terms of the production and export of tropical agricultural products to the eu market, as europe does not have the climate to produce these commodities.

The new vines will take three years to come into production, eventually dragging on prices, he said. Exports will climb to 150,000 metric tons from about 133,000 tons in 2015, do ha nam, the chairman of the vietnam pepper association, said in an interview. In particular, the ministry will continue negotiating free trade agreements to create favorable opportunities for vietnamese agricultural products to easily access markets with a better competitive position.

Vietnam black pepper production in 2016 - 2017 is expected to be around 185,000 metric tons, excluding 15,000 metric tons carry forward stocks from the last year crop of 2015 - 2016. Nowadays viet nam is known as the largest pepper producing and exporting countries. Moreover, when investing in processing agricultural products, enterprises will enjoy a large tax difference compared to competing countries, while improving competitiveness and gaining higher value added, from which it will be possible to boost export turnover and achieve higher and more sustainable growth,” quan added.