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[VI] AGRICULTURAL PRODUCTS INDUSTRY REPORT - OCTOBER 2023

SUMMARY

 

Regarding rice export: In Q3/2023, Vietnam's rice industry continues to benefit greatly in both price and export volume. The average export price in Q3 continued to increase by 10% compared to Q2. Export output in Q3 is still high compared to the same period last year but decreased by 8.5% compared to Q2. The reason is that many markets reduced imports, after sharply increasing reserves in the first two quarters of the year. In addition, the Philippines' import volume was affected by the country's domestic rice price ceiling policy in September.

 

Regarding cashew exports: output continues to increase, but export prices fall sharply. Specifically, export output in Q3 increased by 32% over the same period and increased by 2.9% compared to Q2. Export output is forecast to continue to increase slightly in Q4, due to cyclical factors and improvement in the US and EU markets. The average export price in Q3 decreased by 6% compared to the previous quarter and is currently at the lowest price in recent years.

 

Regarding pepper exports: Pepper export output in Q3 decreased sharply by 30.2% compared to Q2, although export volume was still higher than the same period last year. Demand from most major export markets decreased. Among them, the sharpest decline was in the Chinese market. Regarding export pepper prices in Q3, there was an improvement compared to the previous quarter, but still 25% lower than the same period. It is forecast that Vietnam's pepper exports in the next few months will maintain a low level.

 

TABLE OF CONTENTS

 

A. VIETNAM RICE INDUSTRY OVERVIEW

World rice price movements

Domestic rice price movements

Export situation

  • Export situation 9M (2021 – 2023) and by month/quarter

  • Export market structure Q3/2023 and 9M/2023

  • Evolution of each export market 9M (2021 – 2023) and by month/quarter

Top rice exporters & sales

 

B. VIETNAM CASHEW INDUSTRY OVERVIEW

Export situation

  • Export situation 9M (2021 – 2023) and by month/quarter

  • Types of cashew exported 8M/2023

  • Export market structure Q3/2023 and 9M/2023

  • Evolution of each export market 9M (2021 – 2023) and by month/quarter

Import situation

  • Import situation 9M (2021 – 2023) and by month/quarter

  • Import market structure Q3/2023 and 9M/2023

  • Evolution of each import market 9M (2021 – 2023) and by month/quarter

Top cashew exporters & sales


C. VIETNAM PEPPER INDUSTRY OVERVIEW

Domestic & World pepper price movements

  • Domestic black pepper price

  • Export price of pepper (FOB) of VN

  • Export price of black pepper (FOB) in Vietnam compared to some other countries

  • Export price of white pepper (FOB) in Vietnam compared to some other countries

Export situation

  • Export situation 9M (2021 – 2023) and by quarter

  • Export market structure Q3/2023 and 9M/2023

  • Evolution of each export market 9M (2021 – 2023) and by quarter

Top pepper exporters & sales

[VI] AGRICULTURAL PRODUCTS INDUSTRY REPORT - OCTOBER 2023

$39.00Price
  • Number of pages:           37 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    October 20, 2023

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