First
half of March 2020, Vietnam has exported pepper reached 16,689 tons
with a turnover 35.21 million USD. Pepper exported in the first 2.5
months reach 57,128 tons, up 5.75% in quantity but down 11.24% in value
over the same period last year. The average export price reached 2,110
USD/ton, down 5.25% compared to the average export price of February
2020.
In March, export reached 34,000 tons, bringing the total export volume in the first 3 months of 2020 to approximately 75,000 tons (same period in 2019 was 72,726 ton). This is very impressive record of Vietnam's pepper exports although the export volume to China decreased by over 10,000 tons in the first 3 months because influence of Covid 19. Details of export/import data each country, we will update and send you in the coming week.
At present, Vietnam has basically finished harvested 2020 pepper crop. Farmers/domestic agents only offer a very small quantity to cover temporary costs and continue storage due to low prices. The price is attractive so many customer/exporters… considering to stockpile.
China
has better control of Covid, so it has been actively buying large
quantity from last week especially white pepper. In addition, the market
continues to receive great demand from the USA/UAE for both prompt and
further shipment that make market stable and uptrend. Vietnam's currency
last week slightly stronger compared to USD but not stability.
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