Vietnamese pepper exports to the UK will be more open after the UKVFTA takes effect

Published 2021년 1월 2일

Tridge summary

Pepper prices in Vietnam have increased by 500 VND, reaching 53,000 VND per kg, with the highest prices in Ba Ria - Vung Tau province. The bilateral trade between Vietnam and the UK remained uninterrupted after the end of the transition period, with Vietnam accounting for 44.3% of the UK's total imports in the first 8 months of 2020. However, global pepper prices are decreasing, and the pepper market is facing an oversupply crisis worsened by the COVID-19 pandemic, leading to the closure of restaurants in major consuming markets.

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

Original content

Specifically, in Gia Lai, pepper prices today continued to increase by 500 VND, up to 53,000 VND / kg. In the remaining localities, pepper prices went flat. Accordingly, pepper prices in Ba Ria - Vung Tau province remained the highest with 54,500 VND / kg; Binh Phuoc 54,000 VND / kg; Dak Lak, Dak Nong with 53,500 VND / kg; Dong Nai is 53,000 VND / kg. Completion of domestic procedures to allow the provisional application of this Agreement from 23:00 on 31/12/2020 (ie at 6:00 a.m. on January 1, 2021 Vietnam time). Bilateral trade between Vietnam and the UK was uninterrupted after the end of the transition period while the two sides continued to complete domestic procedures in accordance with the provisions of their respective laws. Vietnam in the UK's total imports increased from 40.2% in the first 8 months of 2019 to 44.3% in the first 8 months of 2020. UK pepper imports from Vietnam in the first 8 months of 2020 reached above 4,000 tons, worth $ 12.3 million. In 2021, this number ...

Source: Cungcau