It is forecast that Vietnam’s pepper output this year is estimated to decrease by more than 15%, down to only 140-150 thousand tons, which will make it difficult for exporters to find additional supplies…
Read more: >> Vietnam: Pepper exports in January 2024 increased in both quantity and price compared to the same period last year
Farmer Cu Kuin harvests the 2024 pepper crop.
According to the preliminary data report of the General Department of Vietnam Customs, pepper exports in February 2024 reached 13,450 tons of pepper of all kinds, down 4,017 tons, or down 23.0% compared to the previous month and down 14,500 tons, which is a decrease of 51.88% compared to the same period last year.
The value of export turnover in the month reached 54.46 million USD, down 15.39 million USD, or down 22.04% compared to the previous month and down 29.48 million USD, down 35.12% over the same period. last year.
The cumulative export volume of pepper in the first 2 months of 2024 reached a total of 30,914 tons of pepper of all kinds, down 9,517 tons, or 23.54% compared to the export volume in the first 2 months of 2023.
Regarding the value of export turnover in the first 2 months of 2024, it reached a total of 124.32 million USD, down 2.61 million USD, or down 2.06% over the same period.
The average export price of pepper in February 2024 reached 4,050 USD/ton, an increase of 1.25% compared to the average export price of January 2024.
-This year’s harvest was early due to the hot weather coming early due to El Nino. Harvest is expected to end at the end of March. The actual output is lower than VPSA’s report, estimated at only 140-150 thousand tons. Dak Nong and other regions have basically finished, Dak Lak has collected about 40%.
–Exports in February were only 13,450 tons combined with a sharp increase in prices right after the Lunar New Year is a sign that inventories are depleted. Export companies and agents who sold short before the beginning of the season are now finding ways to buy goods from farmers to fulfill their delivery obligations in March. But it is also very difficult and struggling because farmers this year Having a good income from durian and coffee, the ability to hold goods is very good. Many agents note that farmers sell coffee to buy for storage.
English (giacaphe.vn)
