Export prices of pepper plunge in Vietnam

Published 2023년 8월 11일

Tridge summary

Vietnam's pepper and spice industry recorded an increase in export volume of 21.8% in the first half of 2023, but export turnover decreased by 14.6% due to a drop in export prices. China became Vietnam's largest pepper export market, accounting for 32.9% of the market share. However, traditional markets such as India, UAE, and Pakistan saw significant decreases in imports. The Vietnam Pepper Association warned businesses about the risks of fraud and advised them to choose safe payment methods like opening a Letter of Credit (L/C) or using the D/P payment method.

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Original content

Source: haiquanonline.com.vn On August 8, the Vietnam Pepper Association (VPA) held a preliminary review of the pepper and spice industry in the first 6 months of 2023 in combination with organizing a workshop to evaluate the Agreement. EVFTA - Opportunities and challenges for the sustainable development of Vietnam's pepper and spice industry. Export prices plummeted Mr. Le Viet Anh, Chief of Office of the Vietnam Pepper Association, said that by the end of June 2023, Vietnam had exported 152,986 tons of pepper of all kinds, of which black pepper reached 138,377 tons, white pepper reached 14,609 tons. Total export turnover reached 485.9 million USD, black pepper reached 417.9 million USD, white pepper reached 68 million USD. Compared to the same period in 2022, export volume increased by 21.8%, but export turnover decreased by 14.6%. The reason was the decrease in export prices, reaching only 3,484 USD/ton for black pepper and 5,011 USD/ton for white pepper, down by 879 USD and ...

Source: AgroInfo.vn