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
© 2005-2016 vinapro.com.vn. Copyright@.
Contact

Send
Contact

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.

Vietnam Made A New Record In Exporting Pepper In April, 2020

Vietnam Made A New  Record In Exporting Pepper In April, 2020

 

27 April, 2020

 

Global pepper market is forecast to be slow due to affected by COVID-19.

 

Disease movements are still complicated, especially in the US&Europe - the major pepper markets in the world, will cause less import demand. The global pepper market maybe continue  faces disrupted supply due to social isolation requirements and restrictions on clearance of cargo from many countries around the world.

 

Through a quick inspection again with Customs & Department of Agriculture and Rural Development, Vietnam has exported up to 42,330 tons of pepper in March (higher than the figures we forecast last week over 8.000 tons). The first quarter 2020 export reached 83,246 tons that increasing by 12.6% compare with the same period in 2019 (exported 72,726 tons). This is new records from Vietnam and very impressive for everybody too.

 

March also recorded a sharp increase in imports to more than 10,000 tons from Chinese, it’s biggest quantity was imported within 1 month from China until now. Details of export/import data each country, I will try to analyze and send you within end this week.

 

Pepper market opening today with less offer from domestic suppliers. Market very steady and China continue buying beside other countries like ASIA/USA/EU.

hotieuudhp

Source: peppertrade.blogspot

 

 

Arabica Prices Rise in March While Robusta Falls

Arabica Prices Rise in March While Robusta Falls

27 April, 2020

Arabica Prices Rise in March While Robusta Falls

In March 2020, prices for all Arabica group indicators increased due to concerns over the availability
of that type of coffee while Robusta prices fell by 0.9% to 67.46 US cents/lb. The ICO composite
indicator reversed its downward trend, rising by 6.9% to 109.05 US cents/lb. Global exports in February
2020 totalled 11.11 million bags, compared with 10.83 million bags in February 2019, but shipments
in the first five months of coffee year 2019/20 decreased by 3.4% to 50.97 million bags. In 2019/20,
world coffee consumption is estimated at 169.34 million bags, 0.7% higher than in 2018/19 as
Covid-19 presents considerable downside risk to global coffee consumption. Currently demand is
estimated to exceed production, projected at 168.86 million bags, by 0.47 million bags in coffee year
2019/20. However, the situation is evolving quickly and impacting both supply and demand. The
Secretariat is closely monitoring the situation and will keep its Members and the wider coffee sector
informed as new information and analysis becomes available.

Source: ico.org

CASHEW MARKET - GROWTH, TRENDS, AND FORECAST (2020 - 2025)

CASHEW  MARKET - GROWTH, TRENDS, AND FORECAST (2020 - 2025)

25 April, 2020

Increasing Demand From European Countries

In Europe, consumers are willing to spend more for quality foods. Consumers are also looking for new products due to increased health awareness and nutritional facts. Cashew kernels are largely used in the European market as a roasted-and-salted snack. Lately, cashew kernel also turns out to be interesting to industrial users and is used for cookies and cereals, and is also promoted as a topping on ice cream.

Usually, whole kernels, lacking defects or blemishes, are essential for the snack trade and the broken pieces are essential for other confectionery, biscuits, bakery products, and other prepared foods in the region.European cashew kernel imports are increasing, driven by the health trend.

The Netherlands, Germany, United Kingdom, and the growing markets in Central and Eastern Europe offer opportunities for developing country suppliers. In 2016, the import volume of cashew nuts reached 180,000 metric ton. Of this, nearly all (over 99%) concerned cashew kernels.

The import of in-shell cashew nuts is insignificant in the region.In the newer markets, such as Eastern Europe, there is an inclination in kernel grades toward the superior types, notably from the pieces to the wholes. The W320 is the leading grade in the imports.

 Lastly, European retailers have increased their retail prices for cashews and consumption is still seen good. The health benefits of nuts may be the reason for the sustained demand.

Cashew Kernel Market

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

Online support