Pepper shipments from Vietnam, the world’s biggest producer, will likely rise 13 percent this year, pushing down export prices, according to the chairman of the nation’s industry group. Exports will climb to 150,000 metric tons from about 133,000 tons in 2015, Do Ha Nam, the chairman of the Vietnam Pepper Association, said in an interview. While production will also rise - by 10 percent to about 140,000 tons - he said output from the likes of India, Indonesia and Malaysia will probably decline because of the impact of El Nino, limiting the effect on global supply.
"/> Pepper shipments from Vietnam, the world’s biggest producer, will likely rise 13 percent this year, pushing down export prices, according to the chairman of the nation’s industry group. Exports will climb to 150,000 metric tons from about 133,000 tons in 2015, Do Ha Nam, the chairman of the Vietnam Pepper Association, said in an interview. While production will also rise - by 10 percent to about 140,000 tons - he said output from the likes of India, Indonesia and Malaysia will probably decline because of the impact of El Nino, limiting the effect on global supply. "/>March 2, 2016
Pepper shipments from Vietnam, the world’s biggest producer, will likely rise 13 percent this year, pushing down export prices, according to the chairman of the nation’s industry group.
Exports will climb to 150,000 metric tons from about 133,000 tons in 2015, Do Ha Nam, the chairman of the Vietnam Pepper Association, said in an interview. While production will also rise - by 10 percent to about 140,000 tons - he said output from the likes of India, Indonesia and Malaysia will probably decline because of the impact of El Nino, limiting the effect on global supply.
The average export price of Vietnamese pepper will drop from last year, while remaining higher than 2014, Nam said. The rate was about $9,500 a ton in 2015 and $7,750 the year before, customs data show.
“Vietnamese farmers still have relatively strong capability of controlling prices so prices may not fall much,” Nam said Feb. 26 in a phone interview from Ho Chi Minh City. “Growers are still making huge profits so they aren’t holding back sales.”
The area of pepper plantings will rise to 100,000 hectares (250,000 acres) this year, from 80,000 to 85,000 hectares last year, he said. The new vines will take three years to come into production, eventually dragging on prices, he said.
Khoa Le
Source: Bloomberg.com
HA NOI (VNS)— Spain will initiate special measures to control black pepper imports to this country after a warning about high residue of carbendazim fungicide found in some batches of Vietnamese pepper. The warning was issued by the European Commission (EC), according to the Viet Nam's Trade Office in Spain. The office said the EC issued the warning after authorities in Malta detected high carbendazim residue in Phuc Sinh Joint Stock Company's batches of black pepper imported to the country.
HA NOI (VNS) — Vietnamese exporters should restructure their production to improve profit and enjoy preferential of the Trans-Pacific Partnership Agreement (TPP), Tran Tuan Anh, deputy minister of Industry and Trade said. Anh said agro-forestry and fishery sector has strengthened and has been one of Viet Nam's key export products.
2016 is expected to be a promising year for agriculture, forestry and fishery export due to the increase in market demand, huge opportunity on tax incentives and increased competitiveness from recent free trade agreements. Agricultural products that possibly have potential increase in export in 2016 include cashews, pepper, wood, cassava and vegetables.
Le Van Banh, head of the Department of Processing and Trading Agricultural, Forestry, Aquatic Products and Salt under the Ministry of Agriculture and Rural Development, told the seminar that this year was forecast to be a promising year for the export of agro-forestry-aquaculture products due to increasing demands in the global market, and because Vietnamese businesses would have the opportunity to enjoy tax incentives from free trade agreements signed between the country and its partners.
The Ho Chi Minh City Investment and Trade Promotion Center (ITPC) has recently organized a meeting to exchange information with businesses on Burmese market and introduced HCMC Expo 2016 as well as a market survey program in Yangon and Mandalay.
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