20 Dec Vietnamese Black Pepper New Crop 2019
Pangea Brokers updated Vietnamese Black Pepper New Crop 2019 Report
We are happy to share with you the updated market information for the Vietnamese Black Pepper.
Vietnam is the biggest Black Pepper producer and exporter country on the world. With the acreage above 150,000 hectares, every year Vietnam exports more than 200,000 tons per year.
The estimated production quantity for the New Crop (2019) is 218.000 – 230.000 tons. Here below we detail the mainly cultivation areas of the Vietnamese Black Pepper and their production:
- Central Vietnam – 140.000 – 145.000 tons
- Southern East Vietnam – 68.000 – 73.000 tons
- Other parts of Vietnam – 10.000 – 12.000 tons
Compared to the last year, the New Crop amount declined due to the hard weather conditions, storms and heavy rains, pest and diseases. Concretely it affects on 12.000 hectares.
For the new crop, according to the Vietnamese Pepper Association, the prices will go down. This means that the price lost his value by a 70% in just 3 years. The main reason for this price decline is the increasing of the plantation areas of Vietnam and all the other countries, than Brazil, Indonesia, Sri-Lanka, India, Madagascar, etc.
However in March, so soon the New Crop of the Vietnamese Black Pepper is available, we will see how the market, qualities, and prices will evolve.