Monday, February 27, 2012

Value adding key to pepper trade - Economy - VietNam News

Value adding key to pepper trade - Economy - VietNam News: The VPA said though Viet Nam accounted for 50 per cent of total global pepper exports, the value was much lower than it could be because the country's export prices were much lower than others'.

VPA figures show that the price is often just 80 per cent of global prices. In 1993-1996 it was a mere 50 per cent.

The record prices the country got last year of $7,000 a tonne for black pepper and $10,000 for white pepper were still just 90 per cent of global rates.

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