Five pepper businesses reported that their exports were “withdrawn” so that their purchasing partners did not receive the full quantity as delivered.
The information has just been announced by the Vietnam Pepper and Spice Association. Accordingly, there are 5 export enterprises that are suffering losses due to the situation of “emptying” containers during transportation to foreign partners.
After the goods arrive at the port, the importer checks and discovers that the goods are lacking compared to the contract. In particular, the weight of the container, including the goods inside, is lacking compared to the quantity of goods weighed at the port.
A representative of the Vietnam Pepper and Spice Association (VPSA) said these 5 businesses include both large and small businesses. Each of their cargo containers had 1-2 tons of pepper gutted. Through the internal investigation results of the businesses, they suspected the possibility of goods being lost while the containers were being unloaded and waiting to be shipped.
“The shortage of delivered goods reduces the trust of international partners in Vietnam’s logistics system and the reputation of export businesses,” VPSA said.
This association is collecting information and reporting to the Ministry of Industry and Trade and relevant units to support businesses.
In addition, VPSA warns its members and requests businesses experiencing similar situations to provide information for the association to compile and report damages to the authorities. The association also recommends businesses increase security and be more cautious in incoming export orders.
At the end of the session on June 7, pepper prices increased by 8,000 VND to 157,000 VND per kg, an increase of 120% over the same period last year.
According to businesses, pepper prices will continue to increase and may repeat the historic peak in 2015. The reason is that pepper inventories in main producing countries such as Vietnam, India and Brazil are low due to demand. high consumption in recent times.
Ms. Hoang Thi Lien – President of the Vietnam Pepper Association – said that pepper supply will further decrease. Vietnam, Indonesia and Brazil are all forecast to reduce crop output because of the impact of El Nino. Meanwhile, in addition to the US, the markets of Pakistan, Germany, South Korea, and India have high demand for reserves.
According to a report from the Ministry of Agriculture and Rural Development, in May, the average export price of pepper reached 4,308 USD per ton, an increase of 39.3% over the same period last year. Pepper, along with rice and coffee, are the items with the highest export prices.
Vietnam’s pepper industry accounts for 40% of output and 60% of the world market share. According to VPSA, the global pepper market size is worth about 5.4 billion USD and is forecast to reach an average growth rate of about 20% in the period 2024-2032.
By the end of 2023, the US is Vietnam’s largest customer, accounting for 23.5% of the total export value of this product. Ranked second is China, accounting for 14.1%; followed by India and Germany accounting for 5.4% and 4.3% of the total pepper export value, respectively.
According to VnExpress.net
