Global
pepper market is forecast to be slow due to affected by COVID-19.
Disease movements are still complicated, especially in the US&Europe - the major pepper markets in the world, will cause less import demand. The global pepper market maybe continue faces disrupted supply due to social isolation requirements and restrictions on clearance of cargo from many countries around the world.
Disease movements are still complicated, especially in the US&Europe - the major pepper markets in the world, will cause less import demand. The global pepper market maybe continue faces disrupted supply due to social isolation requirements and restrictions on clearance of cargo from many countries around the world.
Through
a quick inspection again with Customs & Department of Agriculture
and Rural Development, Vietnam has exported up to 42,330 tons of pepper
in March (higher than the figures we forecast last week over 8.000
tons). The first quarter 2020 export reached 83,246 tons that increasing
by 12.6% compare with the same period in 2019 (exported 72,726 tons).
This is new records from Vietnam and very impressive for everybody too.
March
also recorded a sharp increase in imports to more than 10,000 tons from
Chinese, it’s biggest quantity was imported within 1 month from China
until now. Details of export/import data each country, I will try to
analyze and send you within end this week.
Pepper
market opening today with less offer from domestic suppliers. Market
very steady and China continue buying beside other countries like
ASIA/USA/EU.
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