According to the estimate of the Import and Export Department, pepper exports in August reached 18 thousand tons, worth $ 45 million, down 0.1% in volume but up 0.3% in value compared to July. Compared to 8/2019 decreased 4.6% in volume and 3% in value.
In the first 8 months of 2020, pepper exports reached 203 thousand tons, worth $ 445 million, down 7.4% in volume and 19.9% in value over the same period in 2019.
In August, the average export price of pepper was estimated at 2,500 USD/ton, an increase of 0.4% compared to July and an increase of 1.6% compared to August 2019.
In the first 8 months of 2020, the average export price of pepper was estimated at 2,198 USD/ton, down 13.5% over the same period in 2019.
Market opening this week with firmer trend due to good demand from EU after long vacation. USA showing many interesting to cover fourth quarter 2020 and first quarter 2021 shipment but we heard Vietnam exporters withraw or have not give any discounting on the price. China we foreseen will back again very soon to cover enough stock 2020 after only booked 1.240 tons in August. Vietnam farmer will walk with deliberate step and not hurry to offer when their stock has reduced remarkable.
Indonesia White pepper up daily and very less offer due to poor crop. Black Pepper is moving up and less offer is predictable.
Brazil Market firm/up tone and less offer when exporters prefer to cover short position. We heard crop maybe affected due to farmer not take care much in Para crop and density of pepper is lower than expectation.
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On August 24, 2020, The Vietnam Ministry of Industry and Trade issued Decision No. 2250 / QD-BCT announcing the List of “Reputable exporters” in 2019. PTEXIM is honor to be the honored pepper exporter.
The list of “reputable exporters” in 2019 was synthesized and announced on the basis of selection and proposal of 55 agencies and organizations including ministries, industries, commodity associations, provincial Department of Industry and Trade with strict criteria for 25 commodity sectors as regulated by the Ministry of Industry and Trade on minimum export turnover, reputation of business with foreigners, and observance of legal regulations on customs. environmental protection tax…
As one of the leading professional exporters in Vietnam’s pepper market. PTEXIM has been recognized and honored by the Ministry of Industry and Trade as a “reputable exporter” in 2019. We understand and persevere in pursue the goal of quality products, professional services and brand reputation as the foundation for sustainable development for businesses with all responsibilities and passion. We hope continue to receive your support.
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