DAILY: Vietnamese pepper prices decreased by 1500 VND on June 6
Tuesday, June 6,2023AsemconnectVietnam - On Tuesday, domestic pepper prices in Vietnam's Central Highlands fell by 1500 VND to VND71,000 – 74,000 per kg compared to Yesterday, according to Kinhtedothi.vn.
In Ba Ria-Vung Tau province, the maximum price for pepper fell to VND74,000 per kg, while in Gia Lai province, the lowest price to VND71,000 per kg. Farmers in Binh Phuoc sold pepper for VND73,500 per kilogram, in Dong Nai province for VND71,500 per kilogram, and in Dak Lak and Dak Nong provinces for VND72,500 per kilogram.
Vietnam's pepper exports are not challenged by Cambodia being issued a licence to export its pepper to China directly, according to experts.
About 90-95 percent of Cambodia's pepper output has been exported to Viet Nam.
The Viet Nam Trade Office in Cambodia quoted Khmer Times sources saying that Cambodian pepper would be available in China directly after the General Administration of Customs of China (GACC) approved Cambodia’s export proposal.
Accordingly, the GACC approved seven packaging factories and 28 growing facilities for pepper exports in Cambodia.
Le Viet Anh, head of the Viet Nam Pepper Association's office, Cambodia exporting pepper directly to China was not a challenge for Viet Nam's pepper exports immediately because the pepper volume exported from Cambodia to China was not much.
“About 90-95 percent of Cambodia's pepper output have been exported to Viet Nam, then processors in Viet Nam have re-exported the volume to other countries, including China," said Anh. "Meanwhile, Cambodia has few trading companies, mainly FDI enterprises."
Hoang Phuoc Binh, vice chairman of Chu Se Pepper Association (Gia Lai), said this was normal. Cambodia's pepper had been mainly exported to Viet Nam and re-exported to China. The remaining 10-20 percent had been shipped directly to China and Europe.
With this permission, the pepper volume exported directly from Cambodia to China could increase, Binh said.
Therefore, according to experts, it could increase competitive pressure on Vietnamese pepper exported to China in the future.
The Viet Nam Pepper Association said Cambodia had been the second largest pepper exporter to Viet Nam after Brazil. In the first four months of this year, Cambodia exported 1,715 tonnes of pepper to Viet Nam, down 64 percent compared to the same period in 2022. However, this was official export, not including several thousand tonnes of unofficial exports.
Following are domestic pepper prices on June 6, 2022, in the main pepper growing and consumption regions:
Province/District |
Purchase price (VND/kg) |
Vs.June 5 |
DAC LAC |
|
|
— Ea H'leo |
72,500 |
-1000 |
GIA LAI |
|
|
— Chu Se |
71,000 |
-1000 |
DAK NONG |
|
|
— Gia Nghia |
72,500 |
-1000 |
BA RIA - VUNG TAU |
||
Average price |
74,000 |
-1000 |
BINH PHUOC |
|
|
Average price |
73,000 |
-1000 |
DoNG NAI |
|
|
Average price |
71,500 |
-1000 |
T.Huong
Source: Vitic/Kinhtedothivn
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