Domestic pepper prices today increased sharply to 160,000 – 164,000 VND/kg. Vietnam exported 113,000 tons in the first 5 months of 2024, while supply is increasingly shrinking. The amount needed for export has decreased significantly while the 2025 harvest is still eight months away.
Featured information:
– Brazil and Vietnam are the two countries that determine the global coffee supply, with output decreasing due to El Nino weather causing drought. Supply in Indonesia, India, Malaysia, and Sri Lanka is also limited. In the long term, in the next 3-5 years, the amount of pepper produced cannot meet the world’s consumer demand.
– Citing Nguoi Lao Dong Newspaper, on June 7, the Vietnam Pepper and Spice Association issued a warning about the situation of some members of the association losing part of the volume of exported goods. Specifically, the importer discovered that the goods were in short supply compared to the actual contracted quantity. Meanwhile, the volume of the container including the goods inside according to the weighing slip at the port shows the full volume of goods at the time of unloading at the port. This incident causes businesses to have to spend more money to increase security, insure goods, and handle lost goods.
The Vietnam Pepper and Spice Association has sent a warning to its members and requested businesses experiencing similar situations to provide information for the Association to compile and report to relevant ministries and agencies for consideration. handle.
According to vinanet
