Pepper exports in May 2021, the quantity decreased but the price increased

According to a report by the International Pepper Community (IPC), the sharp increase in world pepper prices in May 2021 is due to the concern that long-term supply is likely to be short, while not only Vietnam this year has a crop failure. pepper…

Read more : >> Vietnam: pepper exports in April 2021, the average price increased by 10.64%.

Brazilian farmer on pepper plantation in Espírito Santos

According to preliminary data reported by the General Department of Vietnam Customs, pepper exports in May 2021 reached 27,963 tons of all kinds of pepper, down 4,269 tons, or 13.24% lower than the previous month and down 2,019 tons. , which is a decrease of 6.73% compared to the same period last year.

The export value of pepper in the month reached US$ 95.88 million, down US$ 9.34 million, or 8.88% lower than the previous month, but increased US$ 35.52 million, ie an increase of 58.85% compared to the previous month. with the same period last year.

The cumulative export volume of pepper in the first 5 months of 2021 reached a total of 121,388 tons of pepper of all kinds, down 24,994 tons, or 17.08% lower than the export volume of the first 5 months of 2020.

In terms of export turnover in the first 5 months of 2021, it reached a total of 379.57 million USD, up 70.87 million USD, or 22.96 % over the same period.

The average export price of pepper in May 2021 reached 3,429 USD/ton, up 5.02% compared to the average export price of April 2021.

According to export traders, the decrease in pepper export volume in May was due to the high increase in sea freight rates, forcing them to negotiate and seek the sharing of traditional import customers to reduce losses. objective.

According to IPC’s statistical data, the sharp increase in world pepper prices in May 2021 is due to the concern that long-term supply is likely to be short, while not only Vietnam this year will lose the pepper crop.

Observers said that the volume of exports has not increased commensurately because inventories in consuming countries have not been short because last year’s cheap pepper prices, so they bought more stocks.

According to the Anh Van (giacaphe.vn)

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