Prosi Thang Long On CafeF
We are thrilled to share that Prosi Thang Long has been featured on CafeF, one of Vietnam’s leading business news platforms! This recognition is a testament to our hard work, dedication, and the remarkable journey we’ve embarked on in the spice and agricultural produce industry.
Read the full article here: https://cafef.vn/lo-dien-doanh-nghiep-xuat-khau-bat-giac-hoi-huong-lon-nhat-viet-nam-so-huu-6-nha-may-hon-237-ty-dong-von-dieu-le-tang-truong-hon-180-nam-2023-188240220103856031.chn
The article titled “Revealing Vietnam’s Largest Star Anise Exporter: Owning 6 Factories, Over 237 Billion VND in Charter Capital, Growth Exceeding 180% in 2023” highlights our achievement as Vietnam’s largest exporter of star anise, marking a significant milestone with a growth of over 180% in production volume in 2023 alone.
2023 was a year of remarkable success, with Prosi Thang Long leading the industry, not just in terms of volume but also in the quality and impact of our products. Our journey from a modest beginning to owning 6 large-scale factories and expanding our global footprint across Europe, the USA, UAE, Africa, and Asia reflects our commitment to excellence and sustainability.
This feature is a reflection of our team’s relentless pursuit of quality, innovation, and customer satisfaction. We are proud to contribute to Vietnam’s standing in the global spice market, bringing the unique flavors and benefits of Vietnamese star anise to the world.
We extend our heartfelt thanks to our dedicated team, loyal customers, and supportive partners for making this achievement possible. As we continue to grow and reach new heights, we invite you to join us on this exciting journey.
Let’s celebrate this milestone together and look forward to more success stories in the future!
Pepper Prices Surge on February 21: Continues to Rise for Three Key Reasons
Today’s pepper prices on February 21 range between 86,500 – 89,500 VND/kg. In other pepper-producing countries such as India, Indonesia, and Brazil, production is also forecasted to decrease. This will lead to a reduction in pepper imports into Vietnam in 2024.
In Dak Lak and Dak Nong provinces, today’s pepper prices were purchased at 89,000 VND/kg, an increase of 2,000 VND/kg.
In Gia Lai province, today’s pepper price is at 86,500 VND/kg, up by 1,500 VND/kg.
Meanwhile, in Dong Nai, today’s pepper price is at 87,000 VND/kg, an increase of 2,000 VND/kg.
In Ba Ria – Vung Tau province, today’s pepper price is at 89,000 VND/kg, up by 2,000 VND/kg.
And in Binh Phuoc province, today’s pepper price was purchased at 89,500 VND/kg, an increase of 1,500 VND/kg.
Today’s pepper prices increased by 1,500 – 2,000 VND/kg in other localities compared to the same time yesterday. This marks the second consecutive day of strong increases in the domestic market.
The increased demand from various markets such as the US, EU, Asia, and Africa for immediate delivery orders in Q1 2024 has driven prices up even as Vietnam enters the peak of the harvest season.
At the close of the latest trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 3,905 USD/ton, a decrease of 0.18%; Brazil ASTA 570 black pepper at 4,100 USD/ton, up 50 USD/ton; and Kuching (Malaysia) ASTA black pepper remained at 4,900 USD/ton.
The price of Muntok white pepper is 6,157 USD/ton, down 0.18%; the price of Malaysia ASTA white pepper remains at 7,300 USD/ton.
Vietnamese black pepper traded at 3,900 USD/ton for the 500 g/l variety, and the 550 g/l variety at 4,000 USD/ton; white pepper at 5,700 USD/ton.
Speaking to the press, Mr. Nguyen Tan Hien, Vice President of the Vietnam Pepper and Spice Association (VPSA), commented that Vietnam’s pepper production in 2024 could be at its lowest in the past five years.
Mr. Hien added that in other pepper-producing countries such as India, Indonesia, and Brazil, production is also forecasted to decrease. This will lead to a reduction in pepper imports into Vietnam in 2024. In Southeast Asia, Vietnam mainly imports pepper from Indonesia, but the price of Indonesian pepper is increasingly expensive as Indonesia’s main customers are Japan, South Korea, and China – who are willing to pay high prices. Therefore, Indonesia only sells to Vietnam when there is an excess supply.
For Brazil, despite lower prices than Vietnam, with the situation of drought and crop failure, Brazilian farmers will also not be in a hurry to sell at low prices. With low inventory levels, forecasted decrease in production, and lower import volumes, Mr. Nguyen Tan Hien believes that Vietnam’s pepper exports in 2024 could be at the lowest level in the recent five years. This means that prices are also expected to be high in the coming period.
Due to the impact of climate change, the 2024 harvest season is delayed compared to 2023, with Vietnam’s pepper production in 2024 expected to reach only 170,000 tons, a decrease of 10.5% compared to 2023.
Discover the Essence of Vietnamese Spices at Gulfood 2024 with Prosi Thăng Long
This year, at the heart of the world’s largest annual food and beverage trade show, Gulfood 2024, Prosi Thăng Long is proud to showcase the richness and diversity of Vietnamese agriculture. As a leading Vietnamese manufacturer and exporter, we bring to the global stage an exquisite selection of spices and specialty products, including Pepper, Cinnamon, Star Anise, Cashew Nuts, and Coconut Rice.
A Legacy of Flavors
Prosi Thăng Long has carved a niche in the international market with our commitment to quality, sustainability, and innovation. Our products are harvested using traditional methods, ensuring that every item retains its authentic flavor and aroma, embodying the very essence of Vietnamese cuisine and culture.
What We Offer
- Pepper: Known for its pungency and aromatic depth, our Vietnamese pepper adds a burst of flavor to any dish.
- Cinnamon: Harvested from the lush landscapes of Vietnam, our cinnamon is sweet, spicy, and perfect for both culinary and medicinal uses.
- Star Anise: A staple in Vietnamese pho, our star anise is notable for its distinctive licorice flavor.
- Cashew Nuts: Our cashews are creamy, rich, and sustainably sourced, ideal for snacking or culinary creations.
- Dessicated Coconut: A testament to our innovation, our coconut rice is a ready-to-eat delight
Visit Us at Gulfood 2024
We invite you to immerse yourself in the world of Vietnamese flavors at our booth M – G54 in SHEIKH MAKTOUM HALL. Experience firsthand the quality and care that goes into every Prosi Thăng Long product. Our team is excited to meet you, share our stories, and explore potential collaborations and opportunities.
Join Us on This Flavorful Journey
Your support and interest fuel our passion and dedication to bringing the best of Vietnam to the world. We believe in building lasting relationships with our customers and partners, grounded in trust and mutual respect. Visit Prosi Thăng Long at Gulfood 2024, and let’s embark on a flavorful journey together.
For more information and updates, follow us on our social media channels. We look forward to welcoming you to our booth and sharing with you the finest flavors of Vietnam.
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Prosi Thang Long – Spices and Nuts Vietnam Manufacturer and Exporter
Website: https://prosi.com.vn/
Address: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
Email: Sales@prosi.com.vn
Office Hotline: (+84) 9858 17797
Your trusted partner in premium spices and nuts
Vietnam Pepper report 2023
Vietnam Pepper report 2023
Through evaluation and review of data compared with previous forecasts, Vietnam’s pepper output in 2023 is estimated at about 190,000 tons, up 3.8% compared to 2022.
Forcast of 2024 crop: floods occurred in July in the Central Highlands, especially in Dak Nong province, it will more or less affect the pepper garden if the pepper garden is not treated and drained to avoid waterlogging and flood rain. However, it is not as worried as the El Nino phenomenon that will take place at the end of the year and last until the beginning of next year, which leads to drought, lack of rain and may reduce Vietnam’s pepper production next year.
By the end of June 2023, Vietnam exported 152,986 tons of pepper of all kinds, black pepper reached 138,377 tons, white pepper reached 14,609 tons. Compared to the same period last year, the export volume increased by 21.8%, equivalent to 27,433 tons, but the export turnover decreased by 14.6%, equivalent to a decrease of USD 82.3 million.
The average export price of black pepper in the first 6 months of 2023 reached USD 3,484/ton, white pepper reached USD 5,011/ton, down USD 879 for black pepper and USD 1,070 for white pepper, respectively.
Vietnam domestic pepper market was closely reflecting the market. By mid May, the domestic price was still at 76,000 VND/kg, then the price dropped continuously and is now only around 70,000 VND/kg. Weak purchasing power from traditional markets such as the United States and Europe, plus signs of slowing down from the Chinese market, which has reduced buying since June, and the waiting for
the harvest of Brazil and Indonesia are the main factors. Reasons for the price of Pepper to go down.
Prosi Thang Long is the top 10 of the biggest exporters with 3,210 tons exporting to over the world.
Source: Vietnam Pepper Association
Vietnam star anise report 2023
Vietnam star anise report 2023
As of June 30, 2023, Vietnam has exported 7,443 tons of star anise, with a total export turnover of 45.7 million USD, compared to the same period in 2022, the export volume increased by 85.7% and the value increased by 68. 0%. The average export price of star anise in the first 6 months of the year reached USD 6,140/ton, down 9.6% over the same period last year.
India continues to be the main market for Vietnam star anise exports, accounting for 61.8% to 4,603 tons and increasing by 00.2% over the same period. Followed by markets: China accounted for 8.7%, the US accounted for 6.5%, the UK accounted for 3.8% and the Netherlands accounted for 2.5%.
Prosi Thang Long is the largest star anise exporter with 1,229 tons, accounting for 17% of the export market share to over the world.
Source: Vietnam Pepper Association
Vietnam Cinnamon report 2023
Vietnam Cinnamon report 2023
The spring cinnamon harvest season (1st crop) has ended from April, 2023 while the autumn cinnamon harvest (2nd crop) will begin in late August depending on weather in the north of Vietnam, the expected harvest in 2023 will be about 45 thousand tons. Export prices were on a downward trend due to weak demand from the US and EU. Meanwhile, export prices in Indonesia were also on a downward trend. Specifically, the export price in April reached $4,393/ton, down 2.6% compared to the beginning of 2023 (according to ITC).
By the end of June 2023, Vietnam exported 43,186 tons of cinnamon, total export turnover reached 129.2 million USD, up 25.1% in volume and 0.4% in value over the same period in 2022. The average export price of cinnamon in the first 6 months of 2023 reached 2,992 USD/ton, down 737 USD compared to the same period last year.
India, USA and Bangladesh are the three main export markets of Vietnamese cinnamon, accounting for 67.1% of which India ranks first with 17,380 tons, up 35.4%; USA reached 5,000 tons, down 4.5%; Bangladesh reached 4,271 tons, up 60.7%.
Exports to India were increasing from early July, pushing cinnamon market were increasing accordingly. Exports also increased in China, Egypt, Indonesia, Turkey, Poland… Biggest exporter is Prosi Thang Long, reached 7,696 tons, up 23.7% and accounted for 17.8% market share export from Vietnam to over the world.
Source: Vietnam Pepper Association
IFT FIRST, CHICAGO
IFT FIRST, CHICAGO
More than 16,000 food professionals from around the world gathered in Chicago last month for IFT FIRST trade fair 2023.
Over the four days, from 16th July to 19th July, attendees had the chance to network with and learn from innovators throughout the food system. Whether they were attending the keynotes and fireside chats, taking part in scientific & technical forums, or conducting business with the 1,000+ companies exhibiting, opportunities abounded.
PROSI were pleasured to be one of exhibitor of trade fair, where we had a chance to meet great guests, be discussing and sharing business experiences and forging good relationships, making the fair a success.
Gulfood 2023
Dear Sir/Madam,
We have pleasure in inviting you to No.M – G52, The Sheikh Maktoum Hall, Dubai world trade centre, open from 20th to 24th February, 2023.
Our goods will be exhibited there and we will be glad to welcome you there: CASSIA CINNAMON, STAR ANISE, CASHEW NUTS, PEPPER, DESICCATED COCONUT. In our stand you will be able to obtain any good information you may need about markets, goods and our terms of sales.
We look forward to meeting you.
Yours faithfully,
THANK YOU
SIAL
PARIS 2022 – INTERNATIONAL FOOD EXHIBITION- 15-19 OCTOBER 2022
With a total
surface area of 250,000 m2, each of the fairs attracted about 7,000 enterprises
to showcase from more than 120 countries around the world, welcoming more than
300,000 visitors from over 190 countries around the world to visit and work in
the fair.
7000
enterprises from 120 countries in the world, there were 36 Vietnamese
enterprises in the fields of agricultural products and food processing at SIAL
PARIS 2022
Prosi Thang
Long was be exhibited at 8D108-04 stand in Hall 8.
We thank
customers from all over the world for visiting our booth, discussing and
sharing business experiences and forging good relationships, making the fair a
success!
Who are the two biggest importers of Vietnam’s cashew?
Who are the two biggest importers of Vietnam’s cashew?
Cashew nut exports in the first half of 2022 faced many difficulties due to reduced consumption, small orders, etc, but still, retain an important role in major markets such as the US and China.
According to data from the General Department of Customs, in June 2022, cashew nut exports were estimated at nearly US$285 million, down 6.9% in volume and 6.5% in value compared to May 2022. Accumulating 6 months, cashew nut exports are estimated at more than 1.5 billion USD, down 9.2% over the same period in 2021.
According to the Import-Export Department (Ministry of Industry and Trade), Vietnam is currently the number 1 supplier of cashew nuts to the US and China, and Vietnam’s cashew nut market share in these two markets has gone up.
Specifically, data from the US International Trade Commission shows that in the first 6 months of the year, the US imported 80,000 tons of cashew nuts, equivalent to US$ 521 million, up 4% in volume and 8.5% in value compared to the same period in 2021.
Vietnam’s cashew nut market share in total US imports increased from 88.3% in the first 6 months of 2021 to 89.9% in the first 6 months of 2022.
In contrast, the cashew nut market share of Brazil and India in total US imports decreased, from 3.8% and 1.9% in the first 6 months of 2021 to 2.2% and 1% respectively in the first 6 months of 2022.
According to the Chinese Customs, the cashew nut imports of this market in the first 6 months of the year reached 141.5 million USD, up 134% over the same period in 2021, In which, Vietnam is the largest source of cashew nuts for China with US$125 million, up 146% over the same period in 2021. Vietnam’s cashew nut market share in China’s total import value increased from 83.7% in the first 6 months of 2021 to 88.2% in the first 6 months of 2022.
Market current situation
The market is still weak and there is not much buying demand. According to the Vietnam Cashew Association (VINACAS), it is very difficult to consume cashew kernels due to influences from the destination markets this year. Currently, inflation in countries has reached a very high level compared to the previous period.
With the current price of all items being so expensive, people have to spend more money on essential needs, which leads to non-essential items such as cashews being consumed slowly and the price of cashews is also very low and difficult to increase at this time.
