India's pepper imports soar
Pepper Market October 2, 2024: Price remains unchanged
Oct
According to the General Department of Customs, India was Vietnam's fourth largest pepper consumer market in the first eight months of the year, accounting for 4.9% of total export volume with 9,012 tons, worth nearly 41 million USD, up 11.8% in volume and up 45.6% in value over the same period last year.
According to data from the Indian Ministry of Commerce, by the end of July this year, the country's pepper imports reached 24,557 tons, an increase of 52% (8,401 tons) over the same period in 2023.
In July alone, India imported 7,130 tons of pepper, up 2.9 times compared to the same period last year. Of which, 5,088 tons were imported from Sri Lanka, a sharp increase of 5 times compared to the same period last year. Next was Vietnam with 1,414 tons, up 173%.
With a surge in July, Sri Lanka surpassed Vietnam to become the largest pepper export market to India in the first 7 months of the year with a volume of 9,567 tons, double the same period last year and accounting for 39% of the market share.
Vietnam was the second largest pepper supplier to India in the first seven months of the year with a volume of 7,988 tonnes, up 52% year-on-year and accounting for 32.5% of the market's import capacity.
In addition, India also increased 61% of pepper imports from Brazil to 4,291 tons, Indonesia increased 9.1% to 1,852 tons...
India’s pepper production is expected to reach around 60,000 tonnes in 2023-24, up around 6% from the previous year. However, India is still facing a shortage as domestic demand is expected to exceed 66,000 tonnes, putting pressure on both production and imports.
According to VietnamBiz.vn
Posts
No comments:
Post a Comment