China and the EU significantly increased imports, a type of Vietnamese nut benefited in price

Published 2024년 5월 6일

Tridge summary

The article provides an overview of Vietnam's pepper market dynamics in the first quarter of 2024, focusing on price trends, export volumes, and market shifts. Despite a decrease in demand from China, black pepper prices in the domestic market experienced an increase due to higher demand from Europe and America. The first quarter saw a decline in pepper export volumes but a rise in value, primarily driven by a shift in export markets towards the Americas and Europe, with the EU and China showing significant import growth. The average export price of Vietnamese pepper in April 2024 increased compared to the previous month and year, reaching $4,342/ton. The article also highlights the positive impact of increased pepper consumption and high prices on Vietnam's pepper industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the newsletter of the Import-Export Department (Ministry of Industry and Trade), currently the key pepper growing areas in the Central Highlands and Southeast are entering the end of the 2024 harvest season, the increase in black pepper prices has slowed down somewhat. in mid-April due to a decrease in demand from China, but then increased again. At the end of April 2024, the price of black pepper in the domestic market increased from 1,500 - 4,500 VND/kg (depending on each survey area) compared to the end of March 2024. Specifically, the price of black pepper in Dak Nong and Dak Lak provinces increased by 1,500 VND/kg, to 96,500 VND/kg; In Binh Phuoc and Ba Ria - Vung Tau provinces, black pepper prices increased by 2,500 VND/kg, to 96,500 - 97,000 VND/kg; In Dong Nai and Gia Lai provinces, the price of black pepper increased by 4,500 VND/kg, to 96,500 VND/kg. According to statistics from the General Department of Customs, Vietnam's pepper exports in the first quarter ...
Source: Danviet

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