Pepper prices continue to rise sharply in Vietnam

Published 2021년 10월 15일

Tridge summary

In September 2021, Vietnam experienced a decrease in pepper exports by 13.04% to 15,336 tons and a drop in export value by 19.12% to 61.84 million USD compared to the previous month. However, there was a 35.36% increase in export value compared to the same period last year. From January to September 2021, Vietnam's pepper exports totaled 212,983 tons with an export value of 719.16 million USD, marking a 47% increase in export value but a 3.2% decrease in export volume compared to the same period in 2020. The US and Europe were the largest markets for Vietnam's pepper imports, which increased by 11.7% and 3.2% respectively. However, imports decreased by 7.2% in Asia, led by China, and by 32.6% in Africa. The decrease in exports and the fight against Covid-19 have led to a sharp increase in pepper prices in the third quarter of 2021.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the General Department of Vietnam Customs, in September 2021, Vietnam exported 15,336 tons of pepper of all kinds, down 2,300 tons, or 13.04 percent down from the previous month and down 2,916 tons, or 19.12% down. compared to the same period last year. The export value of pepper in September reached 61.84 million USD, down 4.64 million USD, or 19.12% lower than the previous month, but increased by 16.15 million USD, or 35.36 % compared to the same period last year. Generally in the first 9 months of 2021, the export volume of pepper reached a total of 212,983 tons of pepper of all kinds, the turnover reached 719.16 million USD, compared to the same period in 2020, the export volume decreased by 3.2% but the export turnover exports increased by 47%. Leading pepper export in the first 9 months of 2021 continues to be Tran Chau company with an export volume of 19,749 tons, down 9.9% over the same period. Followed by enterprises: Olam: 18,511 tons, up 7.4%; Nedspice: ...
Source: tieudung

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