Production
-During the first half of the year, volume is higher, but overall productivity is lower. During the second half, it shows lower volume but higher productivity.
FOB prices first half: Carton(18.5kg): USD 8.5 โ 8.9 ๐กบ USD 0.46-0.48/kg
FOB prices second half: Carton(18.5kg): USD 6.5 โ 7.5 ๐กบ USD 0.35-0.40/kg
-Exporters tend to have an aggressive contract with growers after forecasting the volume for the next season's first semester. In order to secure enough volume, international buyers should start engaging with exporters(growers) latest September
-Multinational companies procure 60% of volume from their own farms(vertically integrated), and collect the rest 40% from independent growers
Production Outlook
Despite high demand, overall production has been increasing due to pandemic, causing labor shortage and supply chain disruption โ production volume for the 2021/22 season is expected to remain stable showing a slightly decreasing trend.