In November 2020, prices of black pepper in Vietnam and Indonessia had an average increase of more than 5%, while Malaysian white pepper increased by more than 7%, according to data from the International Pepper Community (IPC).
Pepper farmers in Vietnam to harvest new crops.
According to preliminary data reported by the General Department of Vietnam Customs, pepper exports in November 2020 reached 22,930 tons of all kinds of pepper, an increase of 1,272 tons, or an increase of 5.87% over the previous month and an increase of 5,937 tons. , which increased sharply by 34.94% over the same period last year.
The value of pepper export turnover in the month reached 60.48 million USD, up 6.72 million USD, which means an increase of 12.50% over the previous month and 20.50 million USD, which is a sharp increase of 51.28%. compared to the same period last year.
The accumulated export volume of pepper in the first 11 months of 2020 totaled 264,636 tons of pepper of all kinds, down 2,992 tons, or 1.12% lower than the export volume of the first 11 months of 2019. However, in value Export turnover in the first 11 months of 2020 totaled 603.42 million USD, down by 70.57 million USD, or down 10.47% over the same period.
The average export price in November 2020 reached US $ 2,638 / ton, an increase of 6.24% compared with the average export price of October 2020.
According to domestic traders, the harvest of pepper in the new crop in Vietnam will be delayed for nearly a month compared to previous years, due to the La Nina weather phenomenon appearing in the Pacific that has caused long-lasting storms. Therefore, the new crop will be delivered to exporters at the beginning of the new year 2019.
Source English (giacaphe.vn)
