Normally, Vietnam and India have equal roles, but in recent years, Indian people are no longer interested in pepper because of low income.
Among the main pepper growing countries in the world, Indonesia, China and Brazil spend most of their consumption on domestic consumption, the world depends on the pepper volume of two major exporters, India and Vietnam.
But in recent years, Indian farmers are no longer interested in pepper because of low income. Many places switched to other crops, causing the pepper area to narrow, and the output also decreasing because of lack of care. India has to import more from outside for recycling, so the role of pepper export has passed to Vietnam.
This year, only Vietnam’s output is assessed to be stable, while other countries’ production dropped sharply.
According to analysts’ forecasts by Reuters, world pepper production this year will only reach 257,000 tons, compared with 290,700 last year. The remaining stock of the crop is about 40,000 tons, bringing the total supply to 297,000 tons. Meanwhile, total consumption this year will increase by about 5% compared to the consumption of 320,000 tons in 2010, ie the world is short of 33,000-35,000 tons of pepper.
The Vietnam Pepper Association (VPA) earlier this year also forecasted that the world lacked pepper, and Vietnamese farmers would benefit. Because Vietnam’s output has not decreased, especially the scale of planting is more industrial. And because this year, the main pepper producing countries have lost their crops, in the context of increasing consumption demand, so the world can only rely on pepper from Vietnam.
According to Reuters data, in 2010, Vietnam accounted for 47% of pepper export market share, holding the No. 1 position in the world.
Since the beginning of the year, the market has depended heavily on Vietnam. The pepper harvest in India has also ended, but at this time, it does not play a big role in the world pepper market, because they consume almost all of their own output, so the role of Vietnamese pepper is even bigger. .
According to statistics of the Agriculture industry, pepper exports in August are estimated at 15,000 tons, with a turnover of 91 million USD, bringing the export volume of pepper in 8 months to 98,000 tons with an export value of 545 million USD. , up 6.5% in volume and 78.7% in value over the same period last year.
VPA expects that in 2011 Vietnam will export the same amount as in 2010, continue to hold the number one position in the world in exporting pepper.
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