A Vietnamese nut holds a large market share in the US thanks to its good price and high quality

Published 2024년 7월 9일

Tridge summary

In June 2024, Vietnam's pepper exports totaled 28,162 tons, generating $141.1 million despite a 10.2% decrease in volume from the previous month. The average export prices for black and white pepper rose by 11.5% and 13.4%, respectively. The US was the largest importer, and Phuc Sinh Joint Stock Company led in exports. Domestic prices remain high due to supply shortages from crop failures in Brazil and Indonesia, causing low inventory levels and potential price volatility. Additionally, pepper prices have doubled compared to the previous year, surprising global buyers and businesses.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Vietnam Pepper and Spice Association (VPSA), our country's pepper exports in June 2024 reached 28,162 tons of pepper of all kinds, of which black pepper reached 24,988 tons, white pepper reached 3,174 tons. The total value of export turnover reached 141.1 million USD, of which black pepper reached 122.2 million USD, white pepper reached 18.9 million USD. Compared to the previous month, export volume decreased by 10.2%, however, the export turnover decreased by 10.2%. The quota increased slightly by 0.1%. The average export price of black pepper in June reached 5,067 USD/ton, white pepper reached 6,922 USD/ton, an increase of 11.5% for black pepper and 13.4% for white pepper compared to the previous month. Due to the scarcity of supply in the market, currently, pepper prices in domestic raw material areas remain high, ranging from 151,000 - 152,000 VND/kg. Among them, the pepper price today, July 8, was the highest in Dak Lak and Dak Nong, reaching 152,000 VND/kg. ...

Source: Danviet