Pepper exports in May 2023, the volume increased but the price decreased

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The world’s leading pepper market has increased purchases to replenish reserves after reopening, making China the largest pepper importer of Vietnam, while the new pepper harvest This year, Indonesia began to put pressure on the world’s export pepper prices…

Read more : >> Vietnam: Pepper exports in April 2022 decreased in quantity but increased in price.

Green pepper: Pepper is harvested when the skull is hard but still has a characteristic green color

According to preliminary data reported by the General Department of Customs of Vietnam, pepper exports in May 2023 reached 28,936 tons of all kinds of pepper, up 2,498 tons, ie an increase of 9.45% compared to the previous month and an increase of 7,172 tons. , ie an increase of 32.95% over the same period last year.

The export value of pepper in the month reached USD 89.87 million, up USD 6.40 million, up 7.67% over the previous month and down USD 8.27 million, ie down 8.43% compared to the previous month. in the same period last year.

The accumulated export volume of pepper in the first 5 months of 2023 reached a total of 131,474 tons of pepper of all kinds, an increase of 32,100 tons, or 32.30% increase compared to the export volume of the first 5 months of 2023.

In terms of export turnover in the first 5 months of 2023, a total of 406.50 million USD, down 53.28 million USD, or 11.59% decrease over the same period.

The average export price of pepper in May 2023 reached 3,106 USD/ton, down 1.62% compared to the average export price of April 2023.

China China has become Vietnam’s leading pepper import market with a record increase. Meanwhile, the harvest output of Vietnam’s new pepper crop this year was assessed at a better level by the Vietnam Pepper and Spices Association (VPSA) than last year, adding a significant supply to the market. global consumer market and also contribute to pressure on export pepper prices today.

English (giacaphe.vn)

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