Vietnam: It is expected that peppercorn inventory for 2024 will be the lowest in recent years

The Vietnam Pepper Association said that all of the 2023 harvest has been exported, part of the export is taken from imports as well as inventory from the previous year. The total amount of pepper exported in 2023 is expected to reach 250,000 tons. Therefore, the amount of inventory transferred from 2023 to 2024 will be the lowest in recent years. According to the Vietnam Pepper Association, in the first 10 months of 2023, Vietnam exported 223,578 tons of pepper of all kinds; of which black pepper reached 200,571 tons, white pepper reached 23,007 tons. Total export turnover reached 750.8 million USD. Compared to the same period last year, export volume increased by 14.6%, but export turnover decreased by 11.7%. The average export price of black pepper in 10 months reached 3,553 USD/ton, white pepper reached 5,082 USD/ton. Compared to the same period last year, export prices decreased by 17.6% for black pepper and 15.6% for pepper. white. China is still Vietnam's largest pepper ...