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Covid grips Vietnam, agri commodities trade comes to a halt

15 Jul 2021 1:47 pm
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Kochi 15 July (Commodities control) Global supply of coffee, pepper and other spices and rice had been hit badly as triple level lockdown in Vietnam has been extended for next four weeks. Vietnam is the largest producer and supplier of most of these commodities. As lock down implemented couple of weeks back, overseas and domestic trade came to a halt and only essential items shops are open, according to exporters based out of Ho Chi Minh city.

According to them fourth round of Covid 19 had gripped the capital city and is spreading to suburban towns like Bin buong and Locninch, where most of the spice processing units are working. Hence, the global supply chain of many of the agri products like black pepper would be in trouble. Number of Covid cases are on the increase now and acute shortage for vaccines add woes to the situation in the South East Asian nation.

As of today,Vietnam’s Ministry of Health confirmed a total of 38,239 Covid cases. However, 9624 of the affected patients have recovered. Vietnam has also recorded 138 deaths due to the pandemic. The latest community transmission cases have been reported from Ho Chi Minh City, Dong Thap, Don Nai, Phu Yen, and Khanh Hoa among others. On May 1st the country reported 2942 cases only. Da Nang authorities suspended beach activities and barbershops on July 15 after reporting more than 20 locally transmitted cases.

Major portion of the borders of the country, especially with China, the largest importer of agri products from Vietnam, had been closed. This affected local business too. There is acute shortage for shipping and the issue is evolving to a serious turn that affects the business and economy not only of Vietnam, but countries like China and India.

These countries depend mainly on Vietnam for spices like pepper. India imports pepper from Vietnam for making value added products like oils and oleoresins. Pepper prices quoted lower in Vietnam as 500 gm/liter quoted US $ 3800 and 550 gm/liter US $ 3900/ tonne. Inter province movement is also banned for the last one week. Vietnam is one of the major producers of fruits and vegetables and traffic of these products has also been curtailed.

(By Commoditiescontrol Bureau: +91-22-40015505)

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