Pepper demand will accelerate after the easing of social distancing to supplement the declining inventories of major consumption markets before the winter festivals and the end of the calendar year…
Read more : >> Vietnam: pepper exports in August 2021 decreased because of the negative impact of the Covid-19 epidemic.
According to preliminary data reported by the General Department of Vietnam Customs, pepper exports in September 2021 reached 15,336 tons of all kinds of pepper, down 2,300 tons, or 13.04 percent down from the previous month and down 2,916 tons. , which is a decrease of 19.12% over the same period last year.
The export value of pepper in the month reached 61.84 million USD, down 4.64 million USD, or 19.12% lower than the previous month but increased 16.15 million USD, or 35.36 % higher than the previous month. with the same period last year.
The cumulative export volume of pepper in the first 9 months of 2021 reached a total of 212,983 tons of pepper of all kinds, down 7,098 tons, or 3.23% lower than the export volume in the first 9 months of 2020.
In terms of export turnover in the first eight months of 2021, it totaled US$657.82 million, an increase of US$214.25 million, or an increase of 48.30 percent over the same period.
The average export price of pepper in September 2021 reached US$4,032/ton, up 6.98% compared to the average export price of August 2021.
Vietnam’s pepper output this year decreased due to crop failure and disease causing the crop area to shrink, while the amount of imports was also limited because the supply from the main producing countries was not as abundant as in previous years. prior to. Therefore, it is expected that pepper prices will increase significantly in the last quarter of this year.