Vietnam is seeking ways to revive the billion-dollar pepper industry which has been struggling against unfavourable weather conditions and the COVID-19 pandemic for over the last several years.

Vietnam is at risk of losing out on major pepper export markets due to increasing logistics costs, according to the Vietnam Pepper Association (VPA).

The price of pepper, known as black gold, is increasing sharply. However, Vietnam’s pepper growers are not sure how long the price will be maintained.

After a period of sinking prices, pepper, called Vietnam’s "black gold", has increased in price by more than four times.

Pepper prices have been rapidly falling due to the global oversupply, causing Vietnamese growers to face massive losses.

After rushing to cultivate pepper and expanding the growing area, farmers in the central region are now facing tumbling prices.

VietNamNet Bridge – The Vietnam Pepper Association (VPA) has warned that Chinese businesses have made moves to corner the domestic pepper market.

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