VIETNAM PEPPER & SPICES MARKET UPDATE 17th MAY 2021 – WEEK 20

 

 

PEPPER;

 

Market open today with steady/firm and almost unchanged from whole last week.

 

 

VIETNAM PEPPER EXPORTS IN FIRST 4 MONTHS

According to a data report of the Vietnam Customs, pepper exports in April 2021 reached 32,232 tons, an increase of 819 tons or 2.61% compared with the previous month. Decrease of 3,713 tons or 10.33% over the same period last year 2020.

The export turnover in April reached 105.22 million USD, up 12.52 million USD, or 13.51% over the previous month and 32.88 million USD, up 45.47% over the same period last year 2020.

 

The total quantity exported in the first 4 months of 2021 reached 93,557 tons, less 22,794 tons, or 19.59% less compared to the export volume of the first 4 months of 2020.

Export turnover in the first 4 months of 2021 reached 284.30 million USD, up 35.96 million USD, or 14.48 % over the same period.

 

The average export price of pepper in April 2021 at USD 3,265/ton, up 10.64 % compared to the average export price of March 2021.

 

 

IMPORT COUNTRIES IN FIRST 4 MONTHS

 

 

 

VIETNAM PEPPER IMPORTS IN FIRST 4 MONTHS

 

Regarding VPA data, in the first 4 months of 2021, Vietnam imported 11,341 tons, of which black pepper reached 7,749 tons, white pepper reached 3,592 tons. Compared to the same period in the first four months of 2020, the import volume increased by 4.7%. Indonesia – 4,842 tons, Brazil – 3,971 tons and Cambodia – 1,381 tons are the 3 largest pepper exporting countries to Vietnam. Compared to the same period in 2020, imports from Indonesia increased by 31.7%, from Cambodia increased by 22.1%, but imports from Brazil decreased by 22%. This quantity is likely already committed from last year. Next time import quantity will be reduced due to the price in Vietnam now being most competitive. 

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I would like to give you an indication price PEPPER / CASSIA / STAR ANISE / TURMERIC… based on NET FOB HCM as follows;

 https://offers-peppertrade.blogspot.com/2021/05/vietnam-price-indication-for-pepper_17.html