Monday, July 26, 2021

VIETNAM PEPPER & SPICES MARKET UPDATE – WEEK 29

According to data from Vietnam Customs, in the first 15 days of July, Vietnam exported 14,320 tons of pepper, with a turnover of 52.7 million USD. Progressively from January 1st to July 15th, 2021, Vietnam exported 168,204 tons, total export turnover reached 548.8 million USD.

Vietnam facing with the serious development of the epidemic in many provinces and cities, the government has imposed social distancing, restriction, lockdown. Therefore, most export companies have focused on production and boosted exports for all order already signed with customers. It is forecasted that the export volume in July will reach approximately 28-30,000 tons, bringing the total export volume in 7 months reached 180 - 184,000 tons (same period last year reached 184,571 tons) although the business situation in the past month was very slow due to freight charges, booking, long holidays of the US / EU /Middle East...

Currently, the supply chain has been broken and the ability to supply pepper and other product for export has been seriously affected. Let's take a look at some notable news from the past time.

• After selling pepper after harvesting, now pepper materials are almost concentrated in households with good financial conditions. They only sell materials when absolutely necessary to cover temporary costs.

• Currently, households are also very limited in contact with and selling to agents /dealers due to / lockdown from the government as well as fear of epidemics situation.











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