According to the latest news of the Vietnam Pepper Association, Vietnam's export turnover has increased by nearly 50% since the beginning of the year. Specifically, by September 30, 2021, Vietnam has exported 212,983 tons with a turnover of US$ 719.16 million, compared to the same period in 2020, the export volume decreased by 3.2% but the export turnover increased by 47%. . From the beginning of October 2021 to now, the domestic pepper price has increased by an average of 8,000 VND/kg. While the export price of Vietnam's pepper increased by 200 USD/ton.
Leading pepper export in the first 9 months of 2021 continues to be Tran Chau company with an export volume of 19,749 tons, down 9.9% over the same period. Followed by enterprises: Olam: 18,511 tons, up 7.4%; Nedspice: 14,170 tons, up 8.5%; Phuc Sinh: 13,455 tons, down 19.9%; Haprosimex JSC: 10,137 tons, down 8.5%; Lien Thanh: 8,559 tons, up 39.5%… Top white pepper exporters: Olam: 3,377 tons; Nedspice: 2,863 tons; Lien Thanh: 2,430 tons, Pearl: 1,956 tons, Phuc Sinh: 1,385 tons, Hoang Gia Luan: 1,182 tons...
It is forecasted that pepper prices will continue to increase, due to a sharp decrease in the production of countries due to climate change and the demand for Tet holidays at the end of the year. According to The Hindu, pepper growers in Hassan, Chikkamagaluru and Kodagu districts of Karnataka state, India are worried that pepper production may drop sharply due to erratic weather.
Prolonged rains cause soil moisture to increase, affecting the ability of pepper plants to grow. Some growers fear that production in the 2021-2022 crop year will fall by 50%, compared with 65,000 tons in 2020-2021.
Source: VPA
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