Pepper exports to China decreased by more than 84%

Tuoi Tre Newspaper

10/10/2024

Pepper prices are at a good level compared to previous years – Photo: N.TRI

According to information from the Vietnam Pepper and Spice Association (VPSA), in the first 9 months of 2024 (cumulative from January 1 to September 1), Vietnam exported 30 tons of pepper of all kinds, of which black pepper reached 9 tons and white pepper 200.894 tons.

Total export turnover reached 991,0 million USD, black pepper reached 781,9 million USD, white pepper reached 142,1 million USD. Compared to the same period in 2023, export volume decreased by 1,7%, but gold increased by 46,1%.

The reason for the sharp increase in export value is that the average export price of black pepper in the first 9 months reached 4.852 USD/ton, white pepper 6.461 USD/ton; increased by 40,9% and 30,4% respectively compared to the same period last year.

According to VPSA, Asia is still the largest export region of Vietnamese pepper, accounting for 37,8%, reaching 75.859 tons. 

However, the above level decreased by 33,7% compared to 2023, mainly from the Chinese market.

Specifically, some leading export markets in Asia such as UAE: 13.159 tons, up 41,1%; India: 9.284 tons, up 0,5%; South Korea: 5.710 tons, up 59,0%; Pakistan: 4.992 tons, up 55,8%... China alone reached 8.905 tons, down 84,1%.

Exports to the Americas reached 62.634 tons, up 49,6%, of which the United States was the largest export market with 57.289 tons, accounting for 28,5% of the market share and up 53,1% over the previous year.

Exports to European markets also recorded a sharp increase of 33,6% to 50.769 tons. Germany led the way with 12.777 tons, up 87,1%; the Netherlands: 8.065 tons, up 35,4%... The African region accounted for 5,8% of the market share, reaching 11.632 tons.

According to businesses, with 2024 exports still 3 months away, the pepper industry will certainly join the "billion dollar club", possibly even reaching 1,3 - 1,4 billion USD if pepper prices increase well (the whole year of 2023 will reach more than 912 million USD).

According to records, the domestic pepper price (dry black type) is currently commonly 152.000 - 158.000 VND/kg depending on the type (including zem), slightly down compared to more than a week ago, but more than double the same period in 2023.

Exchange with Tuoi Tre Online On October 10, a representative of VPSA said that after reaching the mark of more than 10 VND/kg in previous months, pepper prices have turned down and stayed around 200.000 - 150.000 VND/kg recently, mainly due to the impact of export activities, supply and demand, especially when many countries enter the harvest season.

“Pepper prices are still much better than in previous years, and many farmers have made high profits. However, short-term price increases and decreases may occur because this commodity is affected by many factors.”

According to many businesses, Vietnam accounts for nearly 50% of the global pepper supply. With the crop season lasting from February to April, prices may fluctuate at this time, but are forecast to remain good because the basic supply is still insufficient to meet demand.

Sources: https://tuoitre.vn/luong-ho-tieu-xuat-di-trung-quoc-giam-hon-84-20241010111033395.htm

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According to the Vietnam Pepper and Spices Association, by the end of September 9, Vietnam exported 2024 tons of pepper, including 200.894 tons of black pepper and 177.953 tons of white pepper. The total export value of pepper reached 22.941 million USD, of which black pepper accounted for 991 million USD and white pepper was 781,9 million USD.

Data from VPSA shows that pepper export value is lower than the General Department of Customs' report at the beginning of the month, causing the total turnover to not reach 1 billion USD after 9 months.

Although there is a slight difference between the two reports, both indicate that pepper exports are still slow and the Chinese market has yet to recover.

World pepper prices today

Updated world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Lampung black pepper from Indonesia at 6.702 USD/ton (up 0,06%), the price of white pepper Muntok reached 8.966 USD/ton (up 0,05%).

The price of Brazilian ASTA 570 black pepper was at USD 6.750/ton (down 1,46%). The price of Malaysian ASTA black pepper remained stable at USD 8.800/ton (down 1,12%); the price of this country's ASTA white pepper reached USD 11.200/ton (down 1,75%).

Vietnamese black pepper prices today are stable at a high level, trading at 6.800 USD/ton for 500 g/l; 550 g/l at 7.100 USD/ton; white pepper prices at 10.150 USD/ton.

Sources: https://baodaknong.vn/gia-tieu-hom-nay-10-10-2024-quay-dau-tang-manh-231307.html