Agricultural product market report dated September 30, 2020

By | 12/10/2020

WORLD MARKET
 Rubber: The price of rubber on the world market in September 2020 increased due to concerns about tight supply, while demand from China is forecast to increase thanks to the Chinese economy recovering well after the crisis because of Covid- 19.
 Coffee: September 2020, the price of Robusta and Arabica coffee on the world market decreased.
Cashew Nuts: Cashew Association of India forecasts that demand for imported raw cashew nuts of this country will increase from 700,000 tons / year to 1.2 million tons / year over the next 5 years. In September 2020, the export price of cashew nuts from India and Vietnam increased, and Cambodia decreased.
 Tea: Kenya is building a sencha tea factory in Japan, with the aim of increasing income for tea growers and diversifying the tea industry in this country. In the first 6 months of 2020, Indian tea exports decreased in both volume, value and average export price compared to the same period in 2019.
 Vegetables: On 9/9/2020, the Chinese Customs Agency announced that the fresh mandarin blueberries of Cambodia had met the requirements of phytosanitary regulations that were allowed to be imported into China. Mexican avocado production is forecast to reach 2.41 million tons in crop year 2020/21, slightly higher than crop year 2019/20.
 Meat: In September 2020, the price of lean pig in Chicago, USA increased sharply compared to the end of August 2020.
 Fishery: According to the forecast at the online seminar organized by Undercurrent News, the world shrimp production in 2020 may decrease by 16% compared to 2019 (equivalent to a decrease of 600 thousand tons), reaching 3.17 million tons. In the first half of 2020, the demand for canned tuna by European consumers increases sharply. In July 2020, US imports of frozen tilapia fillets increased sharply.
Wood and wood products: The home office furniture market has grown actively over the past decade, and continues to grow. Due to the impact of the Covid-19 pandemic, consumption trends for home office furniture will change significantly from 2020. Forested Member States of the Congo River basin have unanimously agreed. The export of log timber will be terminated from January 1, 2022, in an effort to promote domestic wood production, contributing to the GDP of Central African countries.

DOMESTIC MARKET
 Rubber: In September 2020, the price of raw rubber latex across the country tends to increase according to the world market price. Vietnam’s rubber export in September 2020 was estimated at 230 thousand tons, worth $ 296 million, sharply increasing in volume and value over the same period in 2019.
 Coffee: Domestic coffee prices in September 2020 plummeted in line with the world price trend. In September 2020, Vietnam’s coffee exports were estimated to increase by 8.3% in volume and 11.6% in value over the same period in 2019. Vietnam’s coffee market share in Korea’s total imports stable at 18.4%.
Cashew nuts: In September 2020, Vietnam’s cashew nut exports grew positively. Vietnam’s market share of cashew nuts in total German imports increased from 49.9% in the first 6 months of 2019 to 51.9% in the first 6 months of 2020.
 Tea: Vietnam’s market share increases in Russia’s total tea imports. Estimated, the average export tea price in September 2020 reached 1,692.3 USD / ton, down 0.6% compared to September 2019.
Vegetables: Market share of fresh coconuts of Vietnam increased sharply in total imports of Thailand. Export of vegetables and fruits in September 2020 is estimated at $ 250 million, down 7.2% compared to September 2019.
 Meat: It is estimated that the total number of pigs of the whole country in September 2020 increased by about 3.6% over the same period in 2019.
 Fishery: Pangasius raw material price in An Giang province is stable at low level; Material shrimp prices in Ca Mau at the end of September 2020 did not change much. In August 2020, export of shrimp of all kinds grew positively, while export of tra and basa fish still faced difficulties.
 Wood and wood products: Export of wood and wood products continued to increase in September 2020, estimated at 1.15 billion USD, up 33.3% compared to September 2019. Vietnam’s market share of wooden furniture increases in EU imports 27.

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