Pepper exports in October 2023 increased in both quantity and price

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Export month ten/2023 reaches 19.401 ton of pepper of all kinds, with a turnover value of 67.51 million USD, increase 7,twelfth% in quantity and increase 8,40 % in value compared to last month…

Read more : >> Vietnam: Exporting lakes pepper September 2023 both quantity and price will decrease.

> Pepper demand before the new 2024 crop

According to preliminary report data from the General Department of Vietnam Customs, pepper exports in October 2023 reached 19,401 tons of pepper of all kinds, an increase of 1,290 tons, or an increase of 7.12% compared to the previous month and an increase of 2,012 tons. , which is an increase of 11.57% over the same period last year.

The value of pepper export turnover in the month reached 73.18 million USD, an increase of 5.67 million USD, an increase of 8.40% compared to the previous month and an increase of 7.03 million USD, an increase of 10.64% compared to the previous month. in the same period last year.

The cumulative export volume of pepper in the first 10 months of 2023 reached a total of 225,438 tons of pepper of all kinds, an increase of 33,541 tons, or an increase of 18.44% compared to the export volume in the first 10 months of 2023.

Regarding the value of export turnover in the first 10 months of 2023, it reached a total of 725.62 million USD, down 110.91 million USD, or down 13.26% over the same period.

The average export price of pepper in October 2023 reached 3,772 USD/ton, an increase of 1.18% compared to the average export price of September 2023.

-DXY increased to a high level, causing importers to not rush to replenish their pepper stocks, which are still at a safe level, but to wait for the main producing countries to have a more affordable harvest in 2004. .

-The domestic market shows signs of discharging speculative goods to switch to trading in coffee products, which currently have the most attractive prices in many years.

According to English (giacaphe.vn)

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