China suddenly bought a lot of chili from Vietnam, the price of chili in some places went up to 90,000 VND / kg
Dried Whole Chili Pepper
China
Vietnam
Published Mar 23, 2021
Tridge summary
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.
Original content
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 Vietnam and Thailand to meet the domestic demand, which is the cause of the sudden increase in the price of chili from the beginning of the year. Surveys in many localities in the Mekong River Delta showed that the price of chili pepper purchased only at the garden in January 2021 was up to 96,000 VND / kg, compared with the same period last year, the price tripled. Currently, the ...
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