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Cardamom News - Due to lower International prices Vietnam likely to cut pepper area current year
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Due to lower International prices Vietnam likely to cut pepper area current year

According to Vietnam pepper association, Vietnam plans to slash its black pepper growing area by 26.7 percent in response to falling global prices. Vietnam is the world’s largest black pepper exporter, accounting for 60-65 percent of global trade, and nearly half of global output.
 
According to the report, area to 110,000 hectares from 150,000 hectares over the coming years by encouraging local farmers to grow other crops and remove pepper farms with poor quality. Due to the surge in world pepper prices in the 2013 - 2015 periods led local growers to expand their farms uncontrollably, from 50,000 hectares in 2013 to the current of 150,000 hectares.