SUMMARY
Regarding Rice export: In August, Vietnam exported 921 thousand tons, up 39.5% over the previous month and up 28.8% over the same period. The average rice export price in August reached a record level (593 USD/ton, up 25.5% over the same period). The outlook for rice exports in the last 4 months of the year is still considered positive because many countries are still promoting rice imports to replenish their reserves. The Philippines is likely to reduce import tax from 35% to 10%. While supply is limited due to bans/restrictions on rice exports from India, Russia, and Myanmar.
Regarding cashew exports: Vietnam's cashew export output continues to increase positively in most markets. In August alone, the amount of cashew exports increased by 29% over the same period. Due to weak global cashew consumption demand in the context of inflation, it is continuing to put pressure on prices. Vietnam's average cashew export price in August continued to decrease to 5,510 USD/ton (down 5.7% over the same period), and export prices are currently at the lowest level in recent years.
Regarding pepper export: Accumulated in 8M/2023, Vietnam exported 188 thousand tons of pepper, an increase of 17% over the same period, and earned nearly $616 million, down 14% over the same period. Export output increased but export prices decreased by 26% over the same period, although export pepper prices have improved significantly in the last 3 months. It is forecast that Vietnam's pepper exports in the next few months will remain low because domestic supply is no longer abundant, along with demand from markets that have not improved much.
TABLE OF CONTENTS
A. VIETNAM RICE INDUSTRY OVERVIEW
Rice price movement
- World rice price movements
- Domestic rice price movements
Export situation
Export situation 8M/2019 – 8M/2023
Export market structure 8M/2023
Evolution of each export market Aug 2021 - Aug 2023
Top rice exporters & sales
B. VIETNAM CASHEW INDUSTRY OVERVIEW
Export situation
Export situation 8M/2019 – 8M/2023
Export market structure 8M/2023
Import demand of some markets and market share of Vietnam
Evolution of each export market Aug 2021 - Aug 2023
Import situation
Import situation 8M/2019 – 8M/2023
Import market structure 8M/2023
Evolution of each import market Aug 2021 - Aug 2023
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 8M/2019 – 8M/2023
Export market structure 8M/2023
Evolution of each export market Aug 2021 - Aug 2023
Top pepper exporters & sales
[VI] AGRICULTURAL PRODUCTS INDUSTRY REPORT - SEPTEMBER 2023
Number of pages: 36 pages
Format: PDF
Data series: Last 13 months
Release date: September 20, 2023