{"id":5633,"date":"2021-10-15T07:50:22","date_gmt":"2021-10-15T00:50:22","guid":{"rendered":"https:\/\/olphs.net\/?p=5633"},"modified":"2024-05-17T13:54:20","modified_gmt":"2024-05-17T06:54:20","slug":"vietnam-pepper-monthly-round-up-september-2021","status":"publish","type":"post","link":"https:\/\/olphs.net\/en\/vietnam-pepper-monthly-round-up-september-2021\/","title":{"rendered":"Vietnam pepper monthly round-up September 2021"},"content":{"rendered":"\n

MARKET FORCAST:<\/strong><\/strong><\/p>\n\n\n\n

The decline of exports in the third quarter of 2021 is the reason why pepper prices “explode” from the beginning of October 2021 until now. The reason is because, after easing the distance, exporters are forced to deliver goods according to the contract, after delaying due to the hindering epidemic. Besides, there is also the return of Chinese traders. Agents and export companies also buy goods into the warehouse. According to experts, exports in October 2021 will increase sharply. New orders to serve the world’s demand during the year-end Tet holiday.<\/p>\n\n\n\n

Covid situation in Vietnam is reducing, around 5000 cases per day, 880,000 cases in total.<\/p>\n\n\n\n

INVENTORY:<\/p>\n\n\n\n

According to updated Simexco’s data, total inventory of Vietnam pepper has lessened greatly. It is estimated that the amount left early reached the low of 60,000 tons in September.<\/p>\n\n\n\n

SHIPMENT:<\/p>\n\n\n\n

From January 1 to September 30, 2021, Vietnam exported 212,983 tons with a turnover of 719.16 million USD, compared to the same period in 2020 the export volume decreased by 3.2%, but export turnover increased 47%<\/p>\n\n\n\n

So far, US and Europe are showing great interest for Vietnam pepper. As per VPA latest report, import from US increased 11.7%, reached 46.996 tons in comparison to last year. Meanwhile, EU import raised 3.2%, top market is Germany and Finland.<\/p>\n\n\n\n

In contrast, importation in Asia reduced 7.2%, while China is a regular market, it went down 8.9%.<\/p>\n\n\n\n

\"\"<\/a><\/figure><\/div>\n\n\n\n

PRICE<\/p>\n\n\n\n

In September, price was at 78,500 \u2013 82,000 VND\/kg in Daklak and show no sign of going down. As directive 16 is loosen in key areas, many factories began to run production again, together with raising demand in market, tightening supply and farmers not yet want to sell, these created a strong impaction on the price of raw materials, in upward trend.<\/p>\n\n\n\n

SUPPLY<\/p>\n\n\n\n

In September, the supply source for pepper still remains low. Farmers are comfortable, not selling, holding 10,000 tons, 6% of crop, meanwhile key areas like DakLak, Dong Nai, Binh Duong still got affected by Directive 16 of the Government.<\/p>\n\n\n\n

Activities are suspended and traffic is still temporarily frozen. However, as situation is getting more positive, key provinces in the south are planning to allow transport more easily, and let the factories back to work under the new normal conditions.<\/p>\n\n\n\n

It is said that new cropsize can be lower in comparision to crop 2021, thus urging importers to make contract beforehand.<\/p>\n\n\n\n

WEATHER<\/p>\n\n\n\n

After a period of dry weather, rain has come back in September across pepper growing regions. Large amount of rain has been recorded across the Central Highlands provinces over the last month, with most of the key regions recording nearly 300 mm of total rainfall. This may have negative impaction upon the next crop production as many insects and diseases can take advantage of the humid air and soil to grow, thus weaken the strength of pepper, especially its root.<\/p>\n\n\n\n

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*DISCLAMER:<\/strong><\/p>\n\n\n\n

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