Market News - Timely updates on Vietnam’s spice market

Imagine the rich aroma of Vietnamese spices—organic, sustainably grown, and in high demand worldwide. At VietGlobal Export, we're excited to be part of this movement as the global market for organic spices surges. With consumer demand for clean, sustainable products rising, Vietnam’s spice industry is poised to tap into this...

In the first eight months of 2024, Vietnam exported 62,918 tons of cinnamon, earning a total of $177 million. While this marks a 1.7% increase in export volume compared to the same period last year, the export value has witnessed a 3.5% decline.

August 2024 Cinnamon Export Overview

According to the...

In the first seven months of this year, Vietnam exported nearly 8,700 tons of star anise, earning 42 million USD. Let's dive into these impressive figures and explore the potential of this valuable spice with VietGlobal Export.

The Export Potential of Vietnamese Star Anise

According to the Vietnam...

Vietnam’s Cinnamon Industry Thrives Alongside Pepper and Coffee Exports Vietnam is not only known for its coffee and pepper exports but also for its vast supply of one of the world’s oldest spices—cinnamon. This rare spice is cultivated in only a few countries, including Indonesia, China, and Sri Lanka. In Vietnam,...

According to the latest report from the International Pepper Community (IPC), the global pepper market saw price fluctuations on August 29 (local time), with notable increases across various pepper varieties.

Global Pepper Prices on August 30, 2024

Specifically, the price of Lampung black pepper from Indonesia rose by 0.44%, reaching $7,560...

Vietnamese star anise, often referred to as Vietnam's "treasure," plays a significant role in the country's economy, offering high economic value and being in high demand by countries worldwide. As one of the most valuable spices, star anise contributes significantly to Vietnam’s spice exports, generating millions of dollars each...

Vietnam reigns supreme as the world's leading exporter of cinnamon, boasting a rich history and expertise in cultivating this aromatic spice. Let's explore the top 5 countries currently importing Vietnamese cinnamon and delve into the reasons behind their fiery demand with VietGlobal Export!

Top 5 Importers of Vietnamese...

From the beginning of the year to early July, the surge in ocean freight rates, congestion at some Asian ports, and a shortage of empty containers had a significant impact on Vietnam's import and export activities. However, by mid-August 2024, the Vietnam Maritime Administration reported a sharp decline in international...

Coffee, rice, fruits, and cashews have made significant contributions to Vietnam's $15.76 billion agricultural export turnover in the first half of the year. Coffee and pepper, in particular, have seen substantial growth in value over the first seven months, despite a decline in volume.

Positive Developments in Vietnam's Agricultural Market

Since...

As mid-August arrives, farmers across Vietnam’s cinnamon-growing regions begin the busy preparations for the cinnamon harvest season. At VietGlobal Export, we’re proud to support these farmers and bring the finest cinnamon products to customers worldwide. In this blog, we’ll explore the detailed process that takes cinnamon from raw bark to

Starting February 2025, the European Union (EU) plans to add two new substances to its list of maximum residue controls while tightening regulations on two others. How will this impact Vietnam's agricultural exports to the EU, and what do businesses say?

Confidence in the Rice Industry

On August 9th, the Vietnam SPS...

Vietnam accounts for 17% of the world's cinnamon area, with approximately 180,000 hectares. In addition, Vietnam is the third-largest producer and exporter of cinnamon globally in terms of volume, following Indonesia and China, with Cassia being the main exported type. In the following article, let's explore the unique characteristics of...

As of August 8th, coffee prices experienced a slight uptick, while pepper prices have been on a downward trend for the past three days. However, experts anticipate a potential price increase for pepper due to concerns over supply shortages. Vietnam's agricultural export is also projected to witness significant growth by...

Resilient Air Cargo Market Driven by E-commerce and Ocean Shipping Disruptions Air cargo operations along the primary trade routes originating from Asia remain in a peak season state, driven by disruptions in ocean shipping and a persistent increase in e-commerce activity, which have kept spot rates at high levels.  The significant disruptions...

Agricultural product prices on August 1, 2024: Coffee prices slightly increased, and pepper prices remained unchanged. Let's update the global coffee and pepper market prices with VietGlobal Export in this article below!

Coffee Prices Experience a Slight Decline

As of August 1, 2024, coffee prices have slightly declined across two major...