Most of the central banks in the world will drastically tighten credit, causing limited capital for speculative agricultural products, so it will be difficult for world pepper prices to return to the peak as in previous years.
Read more : >> Vietnam: pepper exports in November 2022 continued to weaken compared to last year.
According to the preliminary data report of the General Department of Vietnam Customs, pepper exports in December 2022 reached 20,445 tons of all kinds, an increase of 4,170 tons, ie an increase of 25.62% over the previous month and an increase of 5,433 tons, ie an increase of 36.19% over the same period last year.
Export value in December reached 73.54 million USD, up 13.22 million USD, or 21.92% over the previous month and 2.81 million USD, up 3.97% over the same period. period of the previous year.
The cumulative export volume of pepper for the whole year in 2022 reached a total of 228,699 tons of pepper of all kinds, down 32,269 tons, or 12.37% lower than the export volume of the whole year of 2021.
The export value of the whole year 2022 reached a total of 970.61 million USD, an increase of 32.83 million USD, or 3.50% increase over the same period.
The average export price of pepper in 2022 reached $4,244 per ton, up 18.12% compared to the average export price in 2021.
Vietnam’s pepper exports for the whole year of 2022 continue to decline in both volume and price due to In the traditional import markets, consumption has decreased, while the tight credit source and the high loan interest rate have also made investors not dare to stockpile pepper in the near future. as long as in previous years. These factors together with the leading consumer markets continue to limit buying, making it difficult for the world pepper price to reach the peak level as in previous years. While the harvest of the new crop of Vietnam this year is expected. will continue to decline, making the supply of pepper for the global consumption market likely to turn into a shortage in the long term.
According to the Anh Van (giacaphe.vn)
