According to statistical data of IPC, pepper prices of all kinds in August 2019 ranged from unchanged to slightly decreasing in producing and exporting countries. In particular, global economic growth is not as expected and trade tensions will cause pepper prices to slow down due to a lack of speculation in the market.
Farmers in Son Thanh Tay commune are drying pepper.
The preliminary data report of the General Department of Vietnam Customs shows that pepper exports in August 2019 reached 18,872 tons, down 4,675 tons, or 19.85% lower than the previous month and down 3,229 tons, or 14. ,61% over the same period last year.
The export turnover in the month reached 46.39 million USD, down 13.58 million USD, or 22.64% compared to the previous month and down 18.47 million USD, or 28.48% lower than the same period last year. last year.
The cumulative export volume in the first 8 months of 2019 reached a total of 218,340 tons of pepper of all kinds, an increase of 43,117 tons, or 24.61% increase compared to the export volume of the first 8 months of 2018. However, in terms of turnover value. Exports in the first 8 months of 2019 totaled 566.28 million USD, down 27.10 million USD, or 4.65% down over the same period.
The average export price of pepper in the period reached $2,458/ton, down 3.49% compared to the average export price of July 2019.
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