Vietnam request India to abolish ban on import of its six commodities
Vietnamese government has requested the Indian government to abolish a ban on the import of its six commodities,including coffee and pepper.
India has imposed the ban against six commodities from Vietnam citing the infection of peanut beetle,including coffee,pepper,cinnamon, bamboo, cassia and dragon fruit, effective from March 7 .
Earlier to this Vietnam had ruled to suspend the import of India’s five agricultural commodities for 60 days starting March 1.
According to reports of Vietnam’s major websites ,On Thursday Vietnam’s agriculture ministry officials met Indian embassy in Hanoi to hand over an official requesting letter, in an official letter told India to uphold international practice and urged India to abolish the suspension of the import soon.
There were also report that,India has agreed to remove the suspension against several items,
“India will abolish the suspension order on the import of agro-products from Vietnam” – Nguyen Mai Oanh, deputy chairwoman of the Vietnam Pepper Association.
In return, Vietnam will adjust its decision on the suspension of five commodities from India and resume their import,said the report.
An official from MARD said that the Indian side did not follow the international practice in some matters.
Tons of agricultural products from India were found contaminated with Caryedon serratus a dangerous type of insect.
If the live insect spreads, it will cause huge economic damages to Vietnam and cause Vietnam to lose export markets.
Export and Prices plunges after India’s ban
India’s ban has delayed several shipments of Vietnamese coffee and pushed down pepper prices on Vietnam’s domestic markets in recent days.
Pepper,coffee and dragon fruit were the export items suffering the most. Black pepper has the biggest export volume to India out of 6 commodities.
However coffee export to India from Vietnam is very less percentage since India is also a coffee exporter.
The country’s coffee export volume on March 1-15 fell 10 percent from the same period last year to 81,000 tons.
Vietnam Traders also noted, Indian roasters would have to import beans from Africa if this situation continues.
India is the 3rd largest buyer of Vietnamese pepper after the United States and the United Arab Emirates.
To subscribe our email Newsletter, please enter your email address and click the below “Subscribe” button.
[wysija_form id=”1″]
Source:
