Pepper prices remain low despite undergoing slight increase
|
Furthermore, white pepper products have been trading at VND59,000 per kilo, representing an increase of 1.7% in comparison to the figures seen in late March, but much lower than the figure of VND71,000 per kilo which was seen during the same period last year.
The Import-Export Department reported that pepper exports in April are estimated to have reached 40,000 tonnes with a value of US$80 million, representing a slight decline of 0.7% in volume and 3.7% in value in comparison to March.
During the four-month period, the country exported a total of 121,000 tonnes of pepper for US$256 million, an increase of 11.9% in volume, but an annual drop of 9.4% in value.
Throughout the duration of the year, the country’s pepper supply source is expected to reach approximately 350,000 tonnes, of which roughly 90,000 tonnes will be from the inventories from last year.
At present, the demand for pepper is coming from a few select markets, although demand from the United States and various EU nations has so far remained limited due to the impact of social distancing restrictions and the temporary suspension of business services as a means of preventing the spread of the novel coronavirus (COVID-19) epidemic. As a result, the global pepper market is forecast to face hurdles in the near future.
With the COVID-19 pandemic greatly affecting the country’s pepper export activities, the domestic pepper industry has been forced to change the structure of its export products, move to upgrade the processing stage to enhance product value, and boost its competitiveness in the world market.
Related News
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2024
11:44 | 06/04/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of January, 2024
11:43 | 06/04/2024 Customs Statistics
Exports of goods to key markets rocket
15:29 | 09/04/2024 Import-Export
Latest News
Vietnam earns 1.43 billion USD from rice exports in Q1
15:50 | 19/04/2024 Import-Export
Localities get ready for fourth FDI boom
15:35 | 19/04/2024 Import-Export
Opportunities to develop a smart and sustainable packaging industry
14:14 | 19/04/2024 Import-Export
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
More News
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export
Be proactive and flexible with production materials
09:02 | 17/04/2024 Import-Export
Cooperate to build leading and "rich in vitality" state-owned enterprises
08:59 | 17/04/2024 Import-Export
Garment & textile sector tries to keep growth momentum
14:16 | 16/04/2024 Import-Export
Businesses capitalize on recovery momentum to explore market expansion
10:01 | 16/04/2024 Import-Export
Access to the Chinese market is increasingly convenient
15:12 | 15/04/2024 Import-Export
Your care
Vietnam earns 1.43 billion USD from rice exports in Q1
15:50 | 19/04/2024 Import-Export
Localities get ready for fourth FDI boom
15:35 | 19/04/2024 Import-Export
Opportunities to develop a smart and sustainable packaging industry
14:14 | 19/04/2024 Import-Export
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export