The high interest rate on loans makes speculators not interested in pouring money into spices in general…
Read more : >> Vietnam: Pepper exports in 2022 decreased in volume but increased in price compared to the previous year.
Gardeners in Hon Quan, Binh Phuoc dry the new crop this year.
According to preliminary data reported by the General Department of Vietnam Customs, pepper exports in January 2023 reached 12,553 tons of pepper of all kinds, down 7,892 tons, or 38.60% down from the previous month and down 3,231 tons , which is a decrease of 20.47% over the same period last year.
The export value of pepper in the month reached US$43.20 million, down US$30.33 million, or 41.25% lower than the previous month and down US$30.97 million, or a decrease of 41.76% compared to the previous month. in the same period last year.
The average export price of pepper in January 2023 reached 3,442 USD/ton, down 4.31% compared to the average export price of December 2022.
The world’s leading pepper producer is harvesting a new pepper crop this year, in the context of rising interest rates on commercial loans in most general commodity markets, which has made pepper traders not long-term pepper reserve as in previous years, while inflation is still increasing, it is easy to see that global pepper consumption also declines. Vietnamese pepper exporters expect that the world’s largest commodity consumption market will reopen to normal operations after the blockades because of the covid-19 pandemic.
According to Anh Van (giacaphe.vn)
