Market News - Timely updates on Vietnam’s spice market

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...

Vietnam stands as a prominent global supplier of spice products, achieving an annual export turnover of approximately 1.5 billion USD. Currently, Vietnamese spices are shipped to over 125 countries, establishing a strong presence in numerous key markets. Given that 95% of the products in this sector are exported, it is essential...

There are indications that container freight rates are decreasing due to lower demand, as the supply of ships and containers is being restocked. The Load Star reported that further confirmation has emerged in the container port freight market this week indicating that ocean container freight rates have reached their highest point...

Vietnam has strengths and opportunities in agricultural production and export, however, local companies must make greater efforts to actively participate in the global food supply chain, according to experts. Vietnamese agricultural products The Deputy Minister of Industry and Trade, Phan Thi Thang, reported that Vietnam generated more than 53 billion USD from...

Vietnamese pepper is on track to re-enter the billion-dollar industry with an export turnover of at least $1 billion USD after being absent for several years. The first half of this year has witnessed a remarkable surge in turnover for Vietnam's pepper exports. The Vietnam Pepper and Spice Association (VPSA) projects...