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China reduces imports, Vietnamese pepper prices fall

 Last Update: 2021-12-25
 Source: Internet
 Author: User

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Vietnam " customs line" November 28 reported that, following last week rose strongly in October and a record high in mid-November, the Vietnamese domestic market of black pepper and white pepper price end of last month fell 3500 VND / kg and 3000 respectively VND /Kg, black pepper fell to 85,000 VND/kg and white pepper fell to 127,000 VND/kg
.

The Import and Export Bureau of the Ministry of Industry and Trade of Vietnam stated that the decline in the price of pepper in the domestic market in Vietnam was due to the tightening of China's import and export policies and the slowdown in purchasing demand, and the purchasing volume from China was not as high as expected
.

At the same time, the congestion of American ports has caused poor circulation of goods, resulting in slower shipments by merchants
.
It is expected that after speculators suspend shipments and dealers cautiously ship shipments, pepper prices may rise again
.

According to statistics from the General Administration of Customs of Vietnam, Vietnam’s pepper exports in October were 16,76 thousand tons, down 22.
5% year-on-year; exports amounted to US$72.
55 million, up 35.
2% year-on-year
.

In the first 10 months of this year, Vietnam’s pepper exports amounted to 229.
73 million tons, a year-on-year decrease of 5.
0%; exports amounted to US$797.
1 million, a year-on-year increase of 45.
8%
.

　　In October, the average export price of Vietnamese pepper reached US$4,329 per ton, the highest level since December 2017, a month-on-month increase of 7.
4% and a year-on-year increase of 74.
4%
.
Overall, in the first 10 months of this year, the average export price of Vietnamese pepper reached US$3,446/ton, a year-on-year increase of 53.
4%
.

Customs black pepper white pepper price pepper

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