The forecast of Vietnam’s pepper production in this year’s crop to decrease by more than 15% has caused exporters to rush to increase inventories while the harvest of the crop is coming to an end…
Read more : >> Vietnam: Pepper exports in March 2023 maintained the trend of increasing volume but decreasing price
People check the balance of the ladder before climbing up to pick pepper.
According to the preliminary data report of the General Department of Vietnam Customs, pepper exports in April 2023 reached 26,438 tons of pepper of all kinds, down 9,309 tons, ie down 26.04 percent over the previous month and up 1,947 tons. ie an increase of 7.95% over the same period last year.
The export turnover in the month reached USD 83.47 million, down USD 22.98 million, ie down 21.06% compared to the previous month and USD 25.82 million, down 22.80% over the same period last year. last year.
The cumulative export volume of pepper in the first 4 months of 2023 reached a total of 102,539 tons of pepper of all kinds, an increase of 24,929 tons, or 32.12 percent increase compared to the export volume of the first 4 months of 2022.
In terms of export turnover in the first 3 months of 2023, it reached a total of 233.45 million USD, down 14.94 million USD, or 6.02% down over the same period.
The average export price of pepper in April 2023 reached 3,157 USD/ton, up 6.01% compared to the average export price of March 2023.
China and traditional markets have begun to import new crops but in low volume, as fears of a global economic slowdown cause USDX to continue to strengthen in a basket of strong currencies that have depressed commodity prices. generally somewhat more expensive than emerging currencies…
The flourishing pepper price has encouraged Vietnamese pepper farmers to start fertilizing and restoring pepper gardens. While it is expected that Indonesian pepper growers are facing an unprecedentedly dismal new crop that will make the world pepper business quickly become more active in the third quarter of this year.
According to Anh Van (giacaphe.vn)
