VIETNAM - PEPPER MARKET UPDATE 18TH MAY - WEEK 21

Market opening today firmer and very less offer. Farmers/middleman keep watching and not offer raw material. Good demand coming from USA/EU/ASIA especially from China both black and white pepper. Exporters covering short position so market maybe continue increasing is foreseen.

VIETNAM EXPORTS

Total export turnover in April reached 73.4 million USD (black pepper; 62.8 million USD, white pepper; 10.6 million USD). Compared to the previous month, export volume decreased by 9.3% and turnover decreased by 12.1%.

The average export price of black pepper in April reached 1,898$/ton and white pepper; 3,150$/ton.

China continued imported biggest quantity within in April, reaching 11,416 tons, up 5.8% and around for 31.3% of total export of Vietnam Pepper.

January to April 2020; Vietnam exported 116,764 tons with turnover reached 248.75 million USD. Compared to the same period in 2019, exports quantity increased by 7.8%, but exports - import turnover decreased by 12.1%.

-          Imports of Asia in the first 4 months decreased by 1,254 tons to 64,868 tons but it remained the largest import area of ​​pepper from Vietnam ( 55.2%).

-          China is biggest with total quantity imported from Jan to April reached 26,266 tons (19.8%), down 2,635 tons compare with the same period last year.

-          India is also sharp decrease from 10,102 tons in 4 months of 2019 to 5,978 tons in 4 months of 2020, a decrease of 40.8%.

-          Some other import markets decreased including Iran decreased 736 tons, Arabs decreased 592 tons, Indonesia decreased 236 tons, ...

-          Imports increased sharply in Myanmar, up 3,346 tons to 4,117 tons, Nepal increased 1,500 tons to 3,826 tons, ...

-          USA import increased by 2,622 tons, of which the USA increased 2,144 tons to 19,759 tons (16.8%) and was the second import market of Vietnam Pepper.

-          Europe, the import increased by 2,976 tons to 20,438 tons (17.4%), leading by Germany imported 4,137 tons, up 562 tons. Next is the Netherlands, Russia, England, Turkey, ... Imports dropped the most in Ireland, dropping 1,791 tons to 385 tons.

-          Africa import around 8.9%, increasing 2,986 tons over the same period, leading by Egypt importing 4,932 tons, up 2,141 tons. Followed by Senegal imported 1,506 tons, up 119 tons.


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