China suddenly bought a lot of chili from Vietnam, the price of chili in some places went up to 90,000 VND / kg

Published Mar 22, 2021

Tridge summary

China's increased purchase of chili to meet domestic demand has led to a significant growth in chili exports, contributing to the surge in vegetable and fruit exports. The export value of peppers in January 2021 reached $ 6.8 million, up 21.2% compared to the previous month and 67.2% compared to the same period last year. The export value of vegetables and roots group in the same month was $26.9 million, a 35.4% increase from the previous month and a 46.3% increase year-over-year. Additionally, the export value of fruits and nuts for January 2021 was $216.44 million, up 26.4% from the previous month and 4.1% year-over-year. The export value of fresh or frozen dragon fruit also saw a significant increase. Vietnam's fruit and vegetable exports are expected to thrive in 2021, with the industry boosting exports to potential markets such as Egypt, Kuwait, Ukraine, and Senegal.

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

Original content

According to the General Department of Customs, chili exports achieved a very positive growth rate because China increased purchasing to meet domestic demand, pushing chili prices to increase in many localities, farmers. profitable. Specifically, the value of pepper exports in January 2021 reached $ 6.8 million, up 21.2% compared to December 2020, up 67.2% compared to January 2020. The sudden increase in chili exports contributed to the growth of exports of vegetables and fruits, with the highest growth rate compared to other groups. In January 2021, the export of vegetables and roots group reached USD 26.9 million, an increase of 35.4% compared to December 2020, an increase of 46.3% compared to January 2020. In addition to chili, cabbage is also a commodity with a very high export growth rate in January 2021. The positive chili export has contributed to the sudden increase in the price of chili. China cannot grow chili in the winter, so it increases the purchase of chili from ...

Source: Danviet