Vietnam grows the world's third most expensive spice, exporting more than 2,500 tons

According to the United States Agency for International Development (USAID), cardamom is one of the world's oldest spices and the third most expensive spice after saffron and vanilla. The name cardamom is used for herbs in two genera of the ginger family: Elettaria (small cardamom) and Amomum (large cardamom).

Cardamom is widely grown in India, Sri Lanka, Papua New Guinea, Tanzania... In addition, this plant also grows wild and is cultivated in Cambodia, Thailand, Vietnam, China. In Vietnam, cardamom grows naturally and is mainly grown in cool climate areas such as Cao Bang , Lao Cai...

Nutmeg is a member of the same family as cardamom. It is native to the Maluku Islands (Indonesia) and is widely grown in tropical countries such as Cambodia, India and Malaysia. In our country, the tree is commonly grown in the southern provinces.

According to the Vietnam Pepper and Spice Association (VPSA), in the first 9 months, Vietnam exported 2,501 tons of cardamom and nutmeg, with a turnover of 20 million USD, down 3.1% over the same period last year.

There are currently about 30 markets importing this product from Vietnam, of which the Netherlands, the US and the UK are the three largest markets accounting for 31%, 15% and 11.2% respectively. Of which, Nedspice Vietnam Spice Processing Company Limited and Olam Vietnam Company Limited are the two largest exporters, reaching 1,496 tons and 497 tons.

Previously, in 2023, Vietnam exported 3,551 tons of cardamom and nutmeg with a total export turnover of 27.4 million USD. The Netherlands, China and the US were the three main importing countries, reaching 923 tons, 756 tons and 484 tons, respectively.

Vietnam is one of the major exporters of many popular spices such as pepper, cinnamon, star anise... By March 2023, our country will have 500,000 hectares of spice crops, with hundreds of thousands of small-scale farming households and about 400 businesses in the industry.

Vietnam has been the world leader in pepper production and export for over 20 years. Vietnam's cinnamon exports have also been the world's leading since 2022 and the world's third-largest star anise exporter. Vietnam's pepper and spices are now exported to more than 125 countries, ranking third in global spice exports and dominating many important markets.

Dantri.com.vn

Source: https://dantri.com.vn/kinh-doanh/viet-nam-trong-duoc-loai-gia-vi-dat-thu-3-the-gioi-xuat-khau-hon-2500-tan-20241023102501426.htm