Source: Vietnambiz.vn
Report of the Department of Agro-product Processing and Market Development (Ministry of Agriculture and Rural Development) foreseeing the impact of the COVID-19 pandemic, the global tea market is experiencing a period of supply-demand imbalance. rare in recent years.
Tea harvesting in many countries is interrupted by labor shortages when many countries adopt social isolation policies, while the demand for tea and beverages is known for its strengthening effect. Immune system, increased sharply.
Trade restrictive policies to minimize the spread of the COVID-19 pandemic, especially in 5 countries China, India, Kenya, Sri Lanka and Vietnam (accounting for over 80% of the tea market ), being applied in the middle of the peak season of tea harvesting, causing many shipments of tea to be interrupted for about a month, affecting the supply, pushing up the price of tea on the world market suddenly.
Spot tea prices at auctions in May (as of May 20) in Mombasa, Kenya average $ 4.33 / kg, up 1.4% from the previous month.
However, the parties involved in tea production and export, as well as the International Tea Commission, believe that this trend will not last, because most of the tea exporting countries will have an oversupply in 2019.
In the Vietnamese market, according to the Department of Processing and Agricultural Product Market Development, the export volume of tea in May 2020 was estimated at 9,000 tons with a value of 16 million USD, bringing the volume and value of tea export in 5 months. in early 2020 reached 46,000 tons and 71 million USD, down 2.3% in volume and down 11.3% in value over the same period in 2019.
In the first 4 months of this year, the volume of tea exported to Pakistan – Vietnam's largest market with 30.6% market share – decreased by more than 14% in volume and 19% in value compared to the same period. period 2019.
Average export tea price in 4 months of 2020 is 1,516 USD / ton, down 11% compared to the same period period However, tea exports to Russia grew significantly in April 2020, after a sharp decline in the first 3 months.
Specifically, tea exports to Russia in April 2020 reached 1,600 tons, equivalent to US $ 2.4 million, up 71.4% in volume and up 76.8% in value over the same period. period 2019.
Generally for the first 4 months of 2020, tea exports to Russia reached 5,100 tons with a value of US $ 7.9 million, up 10.8% in volume and up nearly 12% in value over the same period. period 2019.
Russia is the country where more than 370,000 people are infected with corona virus with nearly 4,000 deaths, still an important importer of Vietnamese tea and the international market.
In the domestic market, tea prices in May 2020 generally remained stable. In Thai Nguyen, the price of high quality stems was stable at 200,000 VND / kg, 100,000 bud dry green tea VND / kg, dried bud green tea (pre-processed grade 1) 130,000 VND / kg.
In Bao Loc (Lam Dong), the price of tea in the branches was stable at 9,500 VND / kg, grain tea increased slightly 200 VND / kg to 7,500 VND / kg.
