Pepper market in Vietnam, August 28: Chinese market's purchasing power shows no signs of improvement until the end of the year

Published Aug 28, 2024

Tridge summary

The Vietnam Pepper and Spice Association is reporting that while the Chinese market's purchasing power remains stagnant, global pepper demand is on the rise, with the EU as a key consumer. Vietnamese pepper processing capacity could reach 140,000 tons/year, a potential boon for the industry's growth. The Ministry of Agriculture and Rural Development is collaborating with the Vietnam Pepper and Spice Association to establish industry guidelines and certify pepper products, aiming to stabilize and grow the industry.

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

Original content

Daily price list of black pepper and white pepper Note: The above prices are for reference only, the actual price will vary depending on the locality, transportation method, payment method, transaction volume, etc. Readers please contact the nearest pepper trading enterprises and agents for specific advice. Highlights: - The Vietnam Pepper and Spice Association assessed that the purchasing power of the Chinese market has not shown signs of improvement until the end of the year. However, the world's demand for pepper is increasing and the EU region is still a large consumer market for Vietnamese pepper. - The pepper processing capacity of Vietnamese enterprises is very large, possibly reaching 140,000 tons/year, which is an opportunity to help the Vietnamese pepper industry develop in the coming time. - Mr. Nguyen Nhu Tiep, Director of the Department of Quality, Processing and Market Development, Ministry of Agriculture and Rural Development, said that at this time, the Vietnam ...

Source: Vinanet