Pepper Market on November 20, 2024 - The structure of Vietnam's pepper export types is having certain changes

Pepper Market on November 20, 2024: Slight decrease in some provinces

Posted onNovember 20, 2024by VPA

20
Nov

Pepper prices today (November 20) decreased slightly in key provinces. The structure of Vietnam's pepper export types is having certain changes, with a strong increase in ground pepper and a gradual decrease in whole pepper.

 

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According to data from the Vietnam Pepper and Spice Association (VPSA), the structure of Vietnam's pepper export categories in the first 10 months of the year has seen certain changes with a strong increase in ground pepper and a gradual decrease in whole pepper.

Accordingly, whole black pepper is still the most exported item of Vietnam with a volume of 159,938 tons, accounting for 72.9% of total exports. However, compared to the same period last year, the export of this type decreased by 9.3%.

Similarly, the export volume of whole white pepper also decreased by 1.8%, down to 16,639 tons and accounted for 14.8% of the total. In addition, the export volume of pickled black pepper, raw pepper, nailhead pepper, green pepper, pink pepper, etc. also decreased by 6.4%.

Meanwhile, ground black pepper exports reached 32,464 tons, up sharply by 42.3% over the same period and accounting for 14.8% of the total; ground white pepper also increased by 46.1%, reaching 8,853 tons and accounting for 4%.

With this result, Vietnam's whole pepper export rate is around 80.5% and the milling and other processing rate is at 19.5%.

Vneconomy  reported that according to statistics from the Vietnam Pepper and Spice Association, the country currently has about 200 pepper processing and trading enterprises, of which 15 are leading enterprises, accounting for 70% of the country's export volume. The entire industry has 14 deep processing factories. Notably, there are 5 foreign-invested enterprises, accounting for nearly 30% of the export market share.

Vietnam's pepper processing technology has reached the standards of the world market in general. Enterprises with high-tech processing factories according to ASTA, ESA, JSSA standards have created diverse products: whole black and white pepper, ground pepper, and small packages.

However, in general, Vietnamese pepper is still mainly exported raw, with a value lower than that of India and Malaysia. If the Vietnamese pepper industry is better organized and processed, the value of exported products will increase, and the price of Vietnamese pepper will be equivalent to and possibly higher than that of some countries in the world.

Therefore, VPSA encourages improving product quality from the planting stage, businesses investing in deep processing, clean processing, diversifying products, diversifying markets to penetrate deeply into the global pepper supply chain.

According to VietnamBiz.vn