Pepper exports in May 2022 decreased in both quantity and price

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Ky hope the Traditional pepper markets will accelerate imports after the world’s major financial institutions given more active policies in the coming months.

Read more : >> Vietnam: export lake April 2022 spending amount reduced but the price get a raise.

According to the preliminary data report of the General Department of Vietnam Customs, pepper exports in May 2022 reached 21,844 tons of pepper of all kinds, down 2,786 tons, ie down 11.31 percent over the previous month and down 5,909 tons, ie down 21.29% over the same period last year.

The value of export turnover in the month reached 98.35 million USD, down 15.62 million USD, ie down 13.71% compared to the previous month and up 3.18 million USD, ie up 3.34% over the same period last year. last year.

The cumulative export volume of pepper in the first 5 months of 2022 reached a total of 99,542 tons of pepper of all kinds, down 21,484 tons, or a decrease of 17.75% compared to the export volume of the first 5 months of 2022.

In terms of export turnover in the first 5 months of 2022, it reached a total of 460.54 million USD, up 81.86 million USD, or 21.62% over the same period.

The average export price of pepper in May 2022 reached US$4,504/ton, down 2.70 % compared to the average export price of March 2022.

The outbreak of war in Eastern Europe and the temporary closure of the border by China due to the spread of the Covid-19 epidemic have contributed to the global economic recession and caused Vietnam’s pepper exports to drop significantly in the past year. May 2022. Meanwhile, the export price of pepper from the member countries of the World Pepper Association (IPC) also decreased because the consumption demand in the main consuming markets also decreased.

It is expected that the traditional pepper consumption markets of our country will accelerate imports after the world’s major financial institutions will have more active appropriate policies to prevent excessive global inflation in the near future. the coming months.

Follow Anh Van (giacaphe.vn)

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