The Vietnam Pepper Association (VPA) warns people of the pepper fever

Published 2021년 3월 19일

Tridge summary

The Vietnam Pepper Association (VPA) reported a significant decrease in pepper exports in February 2021, with a nearly 42% drop in volume and over 23% decrease in value compared to the same period in 2020. Despite this, local purchasing prices for pepper have increased by 26%. The global pepper market is expected to see volatility due to overproduction and imbalance between supply and demand. Meanwhile, domestic pepper prices in Vietnam have surged, leading the VPA to warn farmers and exporters about the risks of signing long-term contracts and to advise them to negotiate delivery times or alternative markets to mitigate risks. The association also urged farmers to avoid expanding pepper planting areas and to consider sustainable cultivation practices to avoid the risks of significant price fluctuations, following the lessons learned from a similar situation in 2015.

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Original content

Pepper exports in February decreased by nearly 42% in volume over the same period and decreased by more than 23% in value. However, the local purchasing price has increased by 26% at some point compared to the same period in 2020. VPA warns people not to expand their pepper planting area or rush to harvest green pepper - Photo: VGP / Do Huong San The whole world is increasing The Vietnam Pepper Association (VPA) said that, according to the International Pepper Organization (IPC), the worldwide export of pepper in 2020 will reach more than 459,000 tons, an increase of 2% compared to the previous year. with 2019. In which, Vietnam's pepper export volume reached more than 282,000 tons, equivalent to nearly 60% of the world. On the world market, in February 2021, the price of black pepper for export increased in most major producing countries, except Indonesia. The price of white pepper for export increased sharply in producing countries such as Vietnam, Malaysia and Indonesia. ...

Source: Vietlinh