Pepper exports decreased by nearly 20% in the first eight months of the year

Published Sep 6, 2020

Tridge summary

In August 2020, Vietnam's pepper exports amounted to 18 thousand tons with a value of $ 45 million, marking a slight decrease in volume but an increase in value compared to the previous month. Despite the decrease of 4.6% in volume and 3% in value compared to August 2019, the first eight months of 2020 saw a significant drop in pepper exports by 7.4% in volume and 19.9% in value compared to the same period in 2019. The average export price in August was $ 2,500 per ton, showing a slight increase from the previous month. The export of ground black pepper experienced a notable growth in major markets like the US, UK, and Japan from July 2020 to July 2020, with prices fluctuating worldwide throughout August 2020.

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

Original content

The Import and Export Department (Ministry of Industry and Trade) said that according to the estimate, pepper exports in August 2020 reached 18 thousand tons, worth $ 45 million, down 0.1% in volume but up 0.3% in value. Price compared to July 2020, compared to August 2019, decreases 4.6% in volume and 3% in value. In the first 8 months of 2020, pepper exports reached 203 thousand tons, worth $ 445 million, down 7.4% in volume and 19.9% in value over the same period in 2019. In August 2020, Average export price of pepper is estimated at 2,500 USD / ton, up 0.4% compared to July 2020 and 1.6% compared to August 2019. In the first 8 months of 2020, the average export price of pepper is estimated at 2,198 USD / ton, down 13.5% over the same period in 2019. According to calculations from the General Department of Customs, in July 2020 milled black pepper export increased by 219.9% in volume and 194.5% in value compared to July 2019, reaching 5.2 thousand tons, worth $ 14.35 million. ...

Source: CafeF