PTEXIM CORP. made an extensive survey of the Vietnam Pepper production areas with the actual situation of the stocks,and plantatiom of cultivated areas foreseing the production and results of the new crop which will be harvested from the beginning of next year.
Below we post the consolidated data and main numbers.
You may get the full & detailed report (42 pages in PDF) by clicking the link at the end of our info
* CROP SIZE 2021 SMALLER BY 20% COMPARED TO 2020
* MAXIMUM ESTIMATED CARRY OVER FORCAST: 45,000 TON
* CARRY-OVER SMALLER BY 40-50% COMPARED TO LAST YEAR
TOTAL AVAILABLE QUANTITY IN VIETAM IN 2020 - 340,000 Mt
- CARRY-OVER FROM 2019 -75,000 Mt
-CROP SIZE 2020 - 225,000 Mt
-IMPORT FROM THIRD COUNTRIES - 40,000 Mt
2020 VIETNAM EXPORTS & CONSUMPTION -292,000 Mt
- DOMESTIC CONSUMPTION - 10,000 Mt
- WHITE PEPPER PROCESS - 8,000
- EXPORTS - 280,000 Mt
ESTIMATED TOTAL AVAILABLE PEPPER IN VIETNAM FOR 2021 - 242,000 Mt
- CARRY-OVER FROM 2020 - 42,000 Mt
- ESTIMATED CROP SIZE - 200,000 Mt
- MAXIMUM CARRY OVER THIS YEAR AS FORECAST 45.000 MTs
Carry over concentrate almost 80 – 90% in middle man and processor/exporters warehouse.
Almost farmer cleared stock already.
Pepper crop affected because farmers are less caring, less fertilizing than beforedue to low prices under cost, intercropping with other fruit trees... the string ofpeppercorn was sparse, the phenomenon of sparse string in pepper spreading fromalmost all key pepper areas of Vietnam.
In addition, the price was low while the labor cost increases steadily every year.
It will significantly affect the yield for the 2021 & 2022 crop.
Pepper prices are lower than production costs, so farmers neglect and do not take careas well as before
Pepper prices will continue to fluctuate at different times. However, the back bottom price will be higher than the previous one and the price increase trend will be about 10-25% next year as foreseen as the crop is severely affected in 2021.
If the price grows well next year, it will stimulate the farmers to re-care and the crop will gradually improve in 2022/2023
PHUC THINH EXPORT IMPORT INVESTMENT CORPORATION (PTEXIM CORP)
GET THE FULL REPORT, CLICK HERE
http://ptexim.com.vn/en/news/viet-nam-pepper-crop-survey-2020-2021/
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