Pepper market in Vietnam, August 30: Loc Ninh pepper is closer to domestic and foreign consumers

Published 2024년 8월 30일

Tridge summary

Vietnam's pepper inventory is around 50,000-55,000 tons, with traditional purchasing markets importing a large volume, causing a decrease in demand. From July 2024, Vietnam has imported 19,857 tons of pepper, primarily black pepper from Brazil, white pepper from Cambodia, and black pepper from Indonesia. The town of Loc Ninh in Binh Phuoc province has been granted a collective trademark certificate for pepper, reflecting the government's focus on sustainable agricultural development.

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

Original content

Daily price list of black pepper and white pepper Note: The above prices are for reference only, the actual price will vary depending on the locality, transportation method, payment method, transaction volume, etc. Readers please contact the nearest pepper trading enterprises and agents for specific advice. Highlights: - Vietnam's inventory is estimated at about 30%, equivalent to 50,000 - 55,000 tons. However, in the first half of this year, Vietnam's traditional purchasing markets have imported a large amount of pepper, so they are not in a hurry to buy more goods and continue to wait. - In the first 7 months of 2024, Vietnam imported 19,857 tons of pepper of all kinds, with a turnover of 80.3 million USD. Preliminary statistics from VPSA show that the imported volume was mainly black pepper at 17,443 tons, white pepper at 2,414 tons. Enterprises importing a lot of pepper in the first 7 months of the year include: Olam Vietnam (7,317 tons), Tran Chau (2,087 tons) and KSS Vietnam ...

Source: Vinanet