According to Customs and Vietnam Pepper Association, Vietnam's pepper export in July reached 23,461 tons with turnover reached 57.6 million. Compared with June, exports decreased by 26.1% in volume and 25% in value.
In the first 7 months of 2019, Vietnam has exported 203,737 tons with turnover 520.9 million USD. Compared to the same period in 2018, export volume increased by 37.5%, turnover decreased by 0.08%.
The
average export price of black pepper in the first 7 months of 2019
reached 2,501 USD/ton, white pepper reached 3,041 USD/tons. Compared to
the same period of 2018, the export price of black pepper was only 77.6%
and the price of white pepper was only 62.5%.
There were 109 countries importing Vietnam pepper. China is biggest of Vietnam pepper market with imported in the first 7 months of 2019 reached 51,741 tons, roughly 25.4% of total Vietnam pepper export. Other markets in Asia also increased such as: India increased by 2,333 tons, Nepal increased by 2,103 tons, Iran increased by 1,565 tons, Thailand with an increase of 1,143 tons, the United Arab increased by 880 tons…
Europe
become the second largest pepper importer with total import of 38,373
tons, around 18.8%. In which Ireland increased the most by 2,757 tons,
Germany increased by 2,633 tons, Turkey increased by 1,393 tons, the
Netherlands increased by 1,287 tons…
USA was the third largest import market of Vietnam Pepper with 30,397 tons, equivalent 14.9%.
Pepper
market opening today firmer and less offer raw material. Chines has
been buying few quantity for white pepper beside good demand from
Russia/Ukraine. USA/EU/Nepal/India almost quite at our side.
Some
exporters covering short position Sept/Oct that sold out before to
avoid market up when EU/Middle East back after long holiday. We still
recommend should consider to cover stock position for Sept/Oct/
shipment. ------------------------------------------
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