Vietnam
exported 16.896 tons in January 2021 with a turnover of 48.72 million
$, down 18.54% in volume and 8.67% in value compared to the previous
month, but up 14.43 % in volume and 35.38% in value compared with the
same period last year. Average export price in the at 2,884 USD/ton, up
4.23% compared to the average export price of December 2020. Due to the
Lunar New Year in February, the number of exports is forecast to
decrease compared to January 2021 and reach around 13.500 tons.
Last
week the prices have seen an impressive increase from 53,000 VND and
reach 55,500 VND today, equivalent to a 4.5% increase within a week. Due
to the delivery deadline in Feb, processors and exporters are
increasing buying to ensure shipment on time. Currently, the higher
demand than before last 2 week, pushing the market prices up slightly in
many different areas in Vietnam.
Meanwhile,
many agents/collectors have not reopened after Lunar New Year, so the
business in domestic markets is still very slow, raw material not
profuse on the market.
The weather in key pepper areas is quite
favorable, so it is expected that farmers will focus their harvest and
plentiful supply in the next few weeks.
The
situation of freight rates from Vietnam to EU/US/ASIA/AFRICA is
forecast to continue to be tense and there is still no sign of a
discount from shipping lines, freight rate is unlikely to decrease as
expected in March.
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