Vietnam: Market demand flourishes, and businesses promote pepper exports

Published 2023년 8월 24일

Tridge summary

Vietnamese pepper exports are expected to have a positive impact on the market in the last months of the year, driven by positive forecasts for economies such as the US, Europe, and China. The EU market presents potential opportunities for Vietnamese businesses, but they need to meet the high quality and safety standards, as well as strict requirements on traceability and sustainability. The main export markets for Vietnam's pepper are China and the US, with China being the largest market, accounting for 31.1% of the export market share.

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

Original content

Source: Nguoiduatin Positive signal for exports Talking to the News reporter, Ms. Hoang Thi Lien - President of the Vietnam Pepper Association said that it is expected that by the end of August, all output in 2023 will be exported, because Therefore, it can be expected to have a positive impact on the market in the last months of the year. Besides, the World Bank's forecast for some economies such as the US, Europe and China has a positive outlook at the end of the year, so the purchasing power of pepper and spices of these markets will start to increase. color back. This could also impact prices between now and the end of the year. “The EVFTA has created many opportunities, but the export and market expansion is still not commensurate with the potential because the EU conditions and standards are quite high and strict in terms of quality, traceability and safety. food. That is not to mention the impact of the Covid-19 pandemic, the world economic crisis caused by the conflict in ...

Source: AgroInfo.vn