Concerns about economic recession and pressure from rising loan interest rates have caused importers to limit the accumulation of goods, causing world pepper export prices to remain in a prolonged sluggish state…
According to preliminary report data from the General Department of Vietnam Customs, pepper exports in July 2023 reached 15,257 tons of pepper of all kinds, down 5,978 tons, or down 28.15% compared to the previous month and down 3,413 tons. , which is a decrease of 18.28% compared to the same period last year.
[ Xem giá tiêu hôm nay ]The value of pepper export turnover in the month reached 56.92 million USD, down 19.81 million USD, or down 25.82% compared to the previous month and down 21.84 million USD, down 27.73% compared to the previous month. in the same period last year.
The cumulative export volume of pepper in the first 7 months of 2023 reached a total of 167,922 tons of pepper of all kinds, an increase of 25,697 tons, or an increase of 18.07% compared to the export volume in the first 7 months of 2023.
Regarding the value of export turnover in the first 7 months of 2023, it reached a total of 540.16 million USD, down 98.34 million USD, or down 15.40% over the same period.
The average export price of pepper in July 2023 reached 3,731 USD/ton, an increase of 3.24% compared to the average export price of June 2023.
China continued to be Vietnam’s leading pepper import market in June with nearly 30% market share. While Indonesia’s new pepper crop this year did not meet expectations due to too much rain, output decreased by more than 20% compared to initial predictions, according to information from IPC.
Vietnam Trade expects that the domestic pepper supply will not be enough to meet export demand because the amount of pepper produced has been exported since the end of August.
Information that the Indian market lifted the restriction on pepper imports from Vietnam also contributed to making world pepper prices more exciting in the second half of this year.
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