Export month first/2024 reached 17.467 tons of pepper of all kinds, with a turnover value of 69,eighty seven million dollars, increased 39,95% in quantity and increased 62,56 % in value compared to same period of the year before…
Read more : >> Vietnam: Pepper exports for the whole year 2023 reach a total of 265,897 tons of pepper of all kinds, an increase of 16.27% over the previous year
> Pepper demand before the new 2024 crop
Farmer Cu Kuin dries new pepper crop on the dam bank.
According to preliminary report data from the General Department of Vietnam Customs, pepper exports in January 2024 reached 17,467 tons of pepper of all kinds, down 2,818 tons, or down 13.89% compared to the previous month and up 4,986 tons. , which is an increase of 39.95% over the same period last year.
The value of pepper export turnover in the month reached 69.87 million USD, down 7.69 million USD, or down 9.92% compared to the previous month and up 26.88 million USD, or up 62.56% compared to the previous month. in the same period last year.
The average export price of pepper in January 2023 reached 4,000 USD/ton, an increase of 4.60% compared to the average export price of January 2023.
-It is expected that Vietnam’s upcoming 3024 crop output will decrease by about 10.5% compared to the previous crop, down to an estimated 170 thousand tons, at the lowest level in the last 5 years. While supplies from Indonesia, Brazil, Malaysia, and Cambodia do not fully compensate for the amount of exports Vietnam needs, it will push pepper prices up sharply right from the beginning of the season.
-The domestic market is currently showing signs of increasing domestic speculative buying, causing export enterprises to not have enough goods to deliver signed contracts, so domestic pepper prices will have sudden increases due to competition. competition between speculators and export traders.
According to English (giacaphe.vn)
