In the first 5 months of 2019, the US was Vietnam's largest export market for pepper, reaching nearly 23.8 thousand tons, worth US $ 66.5 million, up 26.8% in volume, but down 6.4 % in value.
According to statistics from the General Department of Customs, in May 2019, pepper exports reached 38 thousand tons, worth $ 93.43 million, up 1.9% in volume, but down 0.7% in value. Compared to April 2019, an increase of 64.6% in volume and 24.3% in value compared to May 2018. In the first 5 months of 2019, the export of pepper reached 146 thousand tons, worth US $ 376.37 million, up 33% in volume, but down 1.3% in value compared to the first 5 months of 2018.
In May 2019, the average export price of pepper reached 2,458 USD / ton, down 2.6% compared to April 2019 and down 24.5% compared to May 2018. In the first 5 months of 2019, the average export price of pepper reached US $ 2,579 / ton, down 25.8% compared to the first 5 months of 2018.
In May 2019, pepper exports to most major markets increased compared to May 2018. Specifically, pepper exports to the US in May 2019 reached 5.1 thousand tons, valued at US $ 13.58 million, up 13.5% in volume, but down 7.1% in value. Notably, the export of pepper to some three-digit growth markets such as Germany increased by 112.5%, Pakistan increased by 104.4%, United Arab Emirates increased by 133%, Myanmar increased by 316%. .
In the first 5 months of 2019, pepper exports to major markets all grew 2 numbers in volume, but decreased in value compared to the first 5 months of 2018. In particular, the US is the largest pepper export market. In Vietnam, the amount reached nearly 23.8 thousand tons, worth US $ 66.5 million, up 26.8% in volume, but down 6.4% in value.
On the world market, global pepper prices rebounded, but the uptrend is forecast to be difficult to sustain long due to the abundant supply. According to data from the International Pepper Association, in 2019, world pepper production will continue to increase, is expected to reach 602,000 tons, an increase of 8.27%, of which Brazil increased by 28%, Cambodia increased by 17%, Sri Lanka increased by 44% to 26,700 tons. Vietnam alone is forecasting production to reach 240,000 tons, an increase of about 9% as the new planted area from 2014-2016 begins to be harvested.
Source CafeF.vn
