VIETNAM VINAPRO IMPORT EXPORT AND PRODUCTION JOINT STOCK COMPANY 

+ Hanoi Offcie: No 10, Lane 1, Bui Huy Bich Street, Hoang Liet Ward, Hoang Mai District, Hanoi City, Vietnam 
+ Hanam factory: No 133, Nguyen Van Troi Str., Dongvan town, Ha Nam province, Vietnam.
+ Gialai factory: 15 Village, Yen The District, Pleiku city, Gia Lai Province, Vietnam.
+ Tel: (+8424) 36816331
+ Fax: (+8424) 36816332
+ Email: info@vinapro.com.vn
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VIETNAM PEPPER MARKET - TREND IS UP

VIETNAM PEPPER MARKET - TREND IS UP

29/05/2020

VIETNAM PEPPER MARKET - TREND IS UP

Pepper market has continuously increased this month from VND 38,000 in early May to VND 48,500 at the present. Price increase was up to 28% within 25 days and up from the bottom of 35.5% (VND 34,500) within 2 months. A jump in prices is beyond the expectation of almost all pepper producers and exporters not only in Vietnam but also worldwide. The market increased last time mainly due to the following reasons;


After lock down due to the Covid-19 epidemic, Chinese customers returned to buy both black and white pepper in huge quantities (March and April bought above 20.000 tones and May is around above 10.000 metric tones) . In particular, white pepper is being bought by many and continuously.
Pepper was low level and is considered to have been at the bottom already (VND 34,500 - 1,510$), so many speculators actively bought huge quantities of stock. This also contributed significantly to the price increase last time.


Due to the Covid - 19, some countries producing and exporting pepper have been continuously restricted as harvesting, processing, freight forwarding, logistic service. This also makes pepper sometimes suddenly shortage in each different time.
At low prices and a lot of farmers making losses, many farmers have left and do not continue to take care of pepper as the previous time, besides the weather in the pepper areas is drought. Therefore, pepper production in 2021 is maybe less than the 2020 crop.


Many exporters sold short for long time shipments who have not covered raw material yet. They have to buy to ensure time of shipment.
Some big oversea customers have not yet purchased enough quantity for orders in the 3rd & 4th quarters, so they continue to participate in the market in the coming monh.
At present, the situation in Vietnam is controlling Covid 19 quite well. Transportation service, logistics smoothly and quickly. Therefore the oversea demand for spice products in Vietnam is gradually increasing.
Although the inventories of Vietnam pepper are still quite large, however, we assess that the pressure of circulation of these inventories is very low due to being scattered from farmers, middlemen, exporters ... They are not in a hurry to sell or be ready to freeze inventory if the market price decreases.
Even at this level many farmers/collectors still think attractive and they have been buying more quantity to stockpiling from last week until now.

Currently, it is almost the only Vietnam can supply a large quantity to the market while Indonesia and Brazil are offering very limited and not possible prompt shipment. Therefore, the demand for Vietnamese pepper is expected to continue to increase until next July at least (Indonesia harvests in July, Brazil harvests the second crop in August 2020).


Contrary to many other pepper exporting countries, Vietnam's currency has been consistently stronger than the USD with a 1% over the past week, that makes pepper prices also up.In my opinion, pepper prices will continue uptrend until the end of June/July. There will be some short-term corrections in July/August.

Largest Factory for Spices in Vietnam

Largest Factory for Spices in Vietnam

 The factory is located in Hoa Binh province, with a convenient location for transportation, which will help us speed up shipping and delivery to customers.

YEAR END PARTY 2019

YEAR END PARTY 2019


    In January 19th 2019, at the L’amour restaurant  , 2019 Annual Employee Conference (AEC) and Year End Party of Vinapro Group took place with the slogan " an united team, a will, a determination” .The event was honorably welcomed the BODS and the employees of Vinapro group. They all warmly gathered, listened to 2019 business-production report and 2020 development plan of the company. This is also an opportunity for the employee to share their ideas for purpose of promoting a sustainable development for Vinapro Group.

 



General Director Ta Ngoc Hung delivered his opening speech at the conference

Speaking at the conference, Mr. Ta Ngoc Hung - General Director of Vinapro said: “The year 2019, a fluctuating year of price & product market, has been significantly affected to the production and business situation of Vinapro. It is also a year of many extremely important reforms in management. Indeed,Vinapro still completed the business plan and maintained the leading position in the exporting product industry. That thanks to the continuous efforts of our whole staff”.


 

The year 2019 is an important milestone which marks 14-year-establishment (2005- 2019) of the company. BODs believe the company will be more fiercely and strongly innovating to blaze a new path. That, definitely, will bring Vinapro to new pinnacle.

 





The BODs with some customers

In the discussion part, many questions have been raised. The Board of Directors explained all with the spirit of transparency. All employees agree with the new objectives of the Company. The employees also sent their creative ideas for the long-term development of Vinapro.

 

 

Rewards to outstanding individuals and collectives

One of the indispensable part in the Conference is content of honoring the outstanding individuals and collectives in the past year. They are those whom have been working hard to contribute to the overall success of Vinapro

  

Vinapro will constantly change to make breakthroughs, increase labor productivity, innovation, creativity ... to make a difference, bring more added value to customers. On the occasion of the Gala Dinner, the Chairman sent sincere thanks to partners and customers who have been with Vinapro Group for the past years; and sent his greetings to all partners, employees and family in a new year 2020 with health, happiness and success.

 
     The 2-hour-party has really exploded and brought the sublimation emotions to the attendees. The sound of exciting music and friendly atmosphere remains in the hearts of employees. "After all we are sitting together", after all, each person at Vinapro seems to know each other better, closer, love each other as a family. From here, the barriers and obstacles seem to have been blurred. They had deeply promise to keep working hard to bring the ship Vinapro to further.


Benefits of Cardamom

Benefits of Cardamom

10 Health Benefits of Cardamom, Backed by Science

Cardamom is a spice with an intense, slightly sweet flavor that some people compare to mint.

It originated in India but is available worldwide today and used in both sweet and savory recipes.

The seeds, oils and extracts of cardamom are thought to have impressive medicinal properties and have been used in traditional medicine for centuries.

Here are 10 health benefits of cardamom

VIETNAM STAR ANISE SPRING NEW CROP

VIETNAM STAR ANISE SPRING NEW CROP

in March, harvest starting in March and until of April. Spring crop Star anise is not better than Autumn crop. Star shaped smaller size than Autumn crop even some star shaped not open but still eight points, a seed in each point.

HAPPY LUNAR NEW YEAR 2020 - VINAPRO

HAPPY LUNAR NEW YEAR 2020 - VINAPRO

The first day of work of the new year Vinapro has come to the temple to hope that this year we have a lot of health to be able to cooperate with more customers and we will try our best to provide our partners. The best quality products, the best prices, the best after-sale service for our dear customers.
Best wishes, the most successful to all our partners, dearest customers.
CEO AND SALES MANAGER IN VINAPRO JSC

Coffee price today on April 25, 2019 continued to drop by VND100 / kg in some key coffee growing regions of the Central Highlands and the South

Coffee price today on April 25, 2019 continued to drop by VND100 / kg in some key coffee growing regions of the Central Highlands and the South

 

(25/04/2019) Coffee price today on April 25, 2019 continued to drop by VND100 / kg in some key coffee growing regions of the Central Highlands and the South. World coffee prices simultaneously decreased.

The price of pepper today April 25, 2019 still maintained a sideways trend

The price of pepper today April 25, 2019 still maintained a sideways trend

 (April 25,2019) The price of pepper today April 25, 2019 still maintained a sideways trend in most localities growing key pepper in the Central Highlands and the South while the world pepper price increased by nearly 2%.

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