Top Pepper Producer Vietnam Seen Boosting 2016 Exports by 13%
- Average price will fall from 2015, remain above $7,750 a ton
- Output drop in other producers seen offsetting Vietnam's gain
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Pepper shipments from Vietnam, the world’s biggest producer, will likely rise 13 percent this year, pushing down export prices, according to the chairman of the nation’s industry group.
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. While production will also rise - by 10 percent to about 140,000 tons - he said output from the likes of India, Indonesia and Malaysia will probably decline because of the impact of El Nino, limiting the effect on global supply.