## Company Profile GLOBAL LOGISTICS & TRADING COMPANY LIMITED (website: http://www.worldship.com.vn/) — Vietnam-based freight forwarder and trading services firm. Public-facing materials indicate a full-service forwarding business (sea and air freight, customs clearance, warehousing and distribution, import/export documentation and trade facilitation). Client mix is typical for Vietnam forwarders: agricultural exporters (rice, seafood/shrimp, coffee, pepper and other spices), exporters of processed foods, and importers sourcing inputs. Scale not publicly disclosed; appears to operate as a local/regional forwarder serving exporters across Vietnam’s Mekong Delta and Central Highlands producing regions. ## Pain Points 1) Client acquisition and buyer diversification: GLT’s exporter customers must rapidly find new buyers (Africa, Middle East, EU, intra-Asia) and launch value-added SKUs (branded rice, processed shrimp, roasted/instant coffee). Forwarders typically lack in-house channel sales to generate vetted commercial leads — Tridge Ark would fill that gap. 2) Execution risk from freight market volatility: 2026’s mixed ocean-rate moves, blank sailings and air spillover increase the chance of delayed or costly shipments for perishables. Forwarders are squeezed between carriers and exporters when space is restricted or premiums spike. 3) Compliance, traceability and FTA utilization: New traceability/ESG rules (EU/US seafood rules, FTA certificate rules for rice/coffee) raise documentation complexity. Exporters need coordinated support to ensure shipments meet buyer/regulatory specs — a bundled sales+logistics service reduces rejections and friction. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [MARKET EVENTS] Vietnam agricultural exports 2026 (rice, shrimp, coffee, pepper; demand shifts, new trade deals / buyer diversification) === • Overall agro‑forestry‑fishery exports – Q1 2026 export value ~US$16.7 billion, up 5.9% YoY despite price declines in coffee and rice. Major markets remain China, US, and EU, but authorities emphasize diversification and value upgrading rather than pure volume growth. ([en.vneconomy.vn](https://en.vneconomy.vn/vietnams-agro-forestry-fishery-exports-reach-nearly-167-bln-in-q1-2026.htm?utm_source=openai)) – Sector export target for full‑year 2026: US$73–74 billion. Strategy pillars: market opening, deep processing, product diversification, and low‑emission “passport” to premium markets. ([en.vietnamplus.vn](https://en.vietnamplus.vn/vietnam-targets-74-billion-usd-in-agro-forestry-aquatic-export-earnings-in-2026-post335479.vnp?utm_source=openai)) • Rice – 2025–26 winter–spring crop in Mekong Delta expected to produce nearly 11 million tons of paddy; total exportable paddy in 2026 projected at ~15.46 million tons (~7.73 million tons of rice equivalent), creating “pressure on consumption and exports” amid unstable global market conditions. ([en.vietnamplus.vn](https://en.vietnamplus.vn/vietnam-steps-up-rice-market-diversification-through-ftas-post340024.vnp?utm_source=openai)) – In first 9 months of 2025 Vietnam exported 6.8 million tons of rice; the Ministry of Industry & Trade notes strong competition from India, Pakistan, Thailand, and Cambodia in 2025–26. ([dms.gov.vn](https://www.dms.gov.vn/documents/d/guest/bc-ttnd2025-tieng-anh-pdf?utm_source=openai)) – March 2026 customs flash: rice export value US$479m, up 68% vs February; some markets showed very sharp MoM gains: Cambodia +140%, Philippines +129% by value, reflecting opportunistic buying and active regional trade. ([reddit.com](https://www.reddit.com/r/the_shiv_vn/comments/1sw7y7b/vietnam_rice_exports_up_10204_percent_mom_in/?utm_source=openai)) – Diversification: authorities explicitly promote FTA‑driven diversification beyond traditional Asian buyers, with ASEAN, EU, and Africa (esp. West and East Africa) named as priority growth regions. Promotion combines physical trade fairs and online campaigns to push branded fragrant and specialty rice, not just bulk 5% broken. ([en.vietnamplus.vn](https://en.vietnamplus.vn/vietnam-steps-up-rice-market-diversification-through-ftas-post340024.vnp?utm_source=openai)) • Shrimp & seafood – 2025 seafood exports estimated at US$11.35 billion (+13.1% YoY), with shrimp the main driver. ([vietfishmagazine.com](https://vietfishmagazine.com/markets/vietnam-seafood-exports-face-mounting-challenges-in-2026.html?utm_source=openai)) – Early 2026: shrimp revenue in Q1 reported around US$690m, up ~20% YoY; lobster is a standout subsector, +65% YoY to ~US$259m, reflecting Chinese demand and premium segment expansion. ([english.vov.vn](https://english.vov.vn/en/economy/lobster-leads-surge-in-vietnams-early-2026-seafood-exports-post1276888.vov?utm_source=openai)) – Q1 2026 shrimp output reached ~132.6 thousand tons nationwide; Vietnam is pushing more intensive, technology‑driven farming and value‑added processing to defend margins under rising input and compliance costs. ([reddit.com](https://www.reddit.com/r/FishFarming/comments/1s1j1l9/shrimp_output_reaches_1326_thousand_tons_in_the/?utm_source=openai)) – Regulatory & market headwinds: US anti‑dumping duties on shrimp, MMPA marine‑mammal rules, coastal state COA/health requirements, new US/EU traceability rules, and persistent EU IUU “yellow card” status are identified as top trade risks for 2026. This is driving an explicit diversification pivot towards China, the Middle East (including Halal‑certified products), and intra‑Asia buyers. ([seafood.vasep.com.vn](https://seafood.vasep.com.vn/total-seafood-trade/news/what-opportunities-lie-ahead-for-vietnam-s-seafood-exports-in-2026-36703.html?utm_source=openai)) • Coffee (primarily robusta) – 2025: coffee exports ~1.6 million tons worth nearly US$8.9 billion, up ~60% YoY, driven by record prices and strong EU/developed‑market demand. Coffee is named as one of five strategic agri pillars (with rice, fruits & veg, pepper, cashew). ([agriculture.vn](https://agriculture.vn/how-are-agricultural-exports-faring-this-year-after-a-record-breaking-surge-1245.html?utm_source=openai)) – January 2026: coffee export revenue US$1.08 billion, +14.1% vs December 2025, as strong harvest and heavy shipments coincide with easing global prices. ([stonex.com](https://www.stonex.com/en/market-intelligence/vietnam-s-robusta-surge-sends-global-coffee-prices-tumbling/?utm_source=openai)) – Q1 2026: volumes and shipments remain strong but export value is under pressure as robusta prices correct from 2024–25 highs; ministry notes “paradox of increased production but decreased value” for coffee. ([baonghean.vn](https://baonghean.vn/en/xuat-khau-nong-san-quy-i2026-kim-ngach-dat-1669-ty-usd-du-gia-ca-phe-gao-giam-sau-10331609.html?utm_source=openai)) – Buyer diversification: Vietnam is leveraging existing FTAs (EVFTA, UKVFTA, CPTPP) to deepen penetration into EU (Germany, Italy, Spain), UK, and new buyers in Eastern Europe and the Middle East/Asia, while continuing to supply traditional bulk buyers. Export data for Jan 2026 show Spain and other EU destinations growing rapidly. ([reddit.com](https://www.reddit.com/r/the_shiv_vn/comments/1risaj6/vietnam_coffee_exports_up_1406_in_january_2026/?utm_source=openai)) • Black pepper – Q1 2026 pepper exports 66,350 tons worth US$430m, +39.2% in volume and +31.7% in value YoY, marking a strong rebound. ([vietnamnews.vn](https://vietnamnews.vn/economy/1778922/viet-nam-s-pepper-exports-rebound-strongly-despite-supply-and-shipping-challenges.html?utm_source=openai)) – Market structure: VPSA and trade sources describe tight domestic raw material availability and declining Vietnam crop (2026 output expected below 2025). Processors increasingly import pepper from Cambodia, Brazil, and Indonesia for blending and re‑export, a form of geographic diversification on the origination side. ([plantlipids.com](https://plantlipids.com/wp-content/uploads/2026/04/Spice-Market-Report_April_2026.pdf?utm_source=openai)) – Export target: Vietnam Pepper and Spice Association targets >US$1.7bn pepper export value in 2026, assuming stable to firm prices and continued demand recovery. ([en.sggp.org.vn](https://en.sggp.org.vn/vietnams-pepper-exports-reach-nearly-us430-million-in-q1-2026-post124937.html?utm_source=openai)) • Policy & trade‑deal context / diversification themes – The agriculture ministry and industry reports repeatedly stress: • de‑risking dependence on the “big three” (China, US, EU) via ASEAN, Middle East/Halal, South Asia, and Africa; • deep processing (roasted/ground coffee, instant, branded shrimp products, rice‑based foods) to capture more value; • compliance with emerging ESG/traceability regimes to retain access to high‑margin markets. ([en.vietnamplus.vn](https://en.vietnamplus.vn/vietnam-targets-74-billion-usd-in-agro-forestry-aquatic-export-earnings-in-2026-post335479.vnp?utm_source=openai)) – While no brand‑new FTAs were concluded in early 2026, Vietnam’s strategy is to maximize utilization of existing FTAs (EVFTA, RCEP, CPTPP etc.) and align standards (especially for rice and seafood) to widen buyer base and defend share in the face of Indian/Thai rice competition and Ecuador/India shrimp competition. ([en.vietnamplus.vn](https://en.vietnamplus.vn/vietnam-steps-up-rice-market-diversification-through-ftas-post340024.vnp?utm_source=openai)) === 2. [DEMAND SIGNALS] Container & air freight rates – Vietnam to Europe, US, China (2026) === Note: Global indices are Asia‑wide rather than Vietnam‑specific, but Vietnam–US/EU moves largely track broader Asia benchmarks. • Ocean freight – Asia (incl. Vietnam) → US – Freightos Baltic Index (FBX) weekly updates for early 2026 show: • 13 Jan 2026: Asia–US West Coast (FBX01) at US$2,757/FEU (+5% WoW); Asia–US East Coast (FBX03) at US$4,033/FEU (+7% WoW), supported by pre‑Lunar New Year demand. ([reddit.com](https://www.reddit.com/r/zim/comments/1qby5r8/freightos_weekly_update_january_13_2026_excerpts/?utm_source=openai)) • 3 Feb 2026: FBX01 down 10% WoW to US$2,418/FEU; FBX03 down 2% to US$3,859/FEU as post‑holiday demand softens. ([reddit.com](https://www.reddit.com/r/zim/comments/1qv2cfo/freightos_weekly_update_february_3_2026_excerpts/?utm_source=openai)) • 10 Feb 2026: FBX01 down another 21% WoW; FBX03 down 10% WoW; Asia–Europe FBX11 down 8%. This underscores strong overcapacity and pressure on contract rates. ([reddit.com](https://www.reddit.com/r/zim/comments/1r17vzw/freightos_weekly_update_february_10_2026_excerpts/?utm_source=openai)) • 7 Apr 2026: FBX01 jumps 11% WoW; FBX03 +5%; Asia–Europe FBX11 +2%, with war in Iran and closure of the Strait of Hormuz pushing up bunker costs and triggering GRIs. ([reddit.com](https://www.reddit.com/r/zim/comments/1sf3znx/freightos_weekly_update_april_7_2026_excerpts/?utm_source=openai)) • 28 Apr 2026: continued increases; Asia–US WC and EC up 1% and 3% respectively; Asia–Europe FBX11 –3% WoW but still >15% YoY and >50% above October 2025 lows. ([reddit.com](https://www.reddit.com/r/zim/comments/1sy97nu/freightos_weekly_update_april_28_2026_excerpts/?utm_source=openai)) – Structural signals: • Carriers are actively using blank sailings and capacity management to defend a price floor despite weak underlying volume, especially on East Coast and Asia–Europe trades. ([reddit.com](https://www.reddit.com/r/zim/comments/1s2qic5/ocean_rates_up_as_volumes_continue_to_sink/?utm_source=openai)) • Space on some Asia–US lanes is tighter than volumes alone would imply; some carriers require at least one box at full FAK for every four at discounted contract rates – an indicator of selective capacity allocation favoring higher‑paying cargo. ([reddit.com](https://www.reddit.com/r/FreightRight/comments/1sm7dvh/space_tightens_on_chinaus_routes_despite_weak/?utm_source=openai)) • Ocean freight – Asia (incl. Vietnam) → Europe – Early 2026 FBX11 (Asia–North Europe) reference levels: • Jan 2026: ~US$2,978/FEU, up from late‑2025 lows and roughly comparable to mid‑2025 peak‑season pricing. ([reddit.com](https://www.reddit.com/r/zim/comments/1qby5r8/freightos_weekly_update_january_13_2026_excerpts/?utm_source=openai)) • Feb 2026: series of 1–8% WoW declines as demand softened and carriers added capacity, but absolute levels remained around US$2,700–2,900/FEU. ([reddit.com](https://www.reddit.com/r/zim/comments/1qv2cfo/freightos_weekly_update_february_3_2026_excerpts/?utm_source=openai)) • Late Mar 2026: rates stable week‑on‑week; commentary suggests forthcoming bunker surcharges and GRIs from April onwards. ([reddit.com](https://www.reddit.com/r/zim/comments/1s3joqa/freightos_weekly_update_march_25_2026_excerpts/?utm_source=openai)) • End‑Apr 2026: Asia–Europe rates more than 15% higher YoY and >50% above October 2025 troughs, despite weak demand – again reflecting fuel‑cost pass‑through and managed capacity (blank sailings). ([reddit.com](https://www.reddit.com/r/zim/comments/1sy97nu/freightos_weekly_update_april_28_2026_excerpts/?utm_source=openai)) – Structural signals: • Carriers are actively using blank sailings and capacity management to defend a price floor despite weak underlying volume, especially on East Coast and Asia–Europe trades. ([reddit.com](https://www.reddit.com/r/zim/comments/1s2qic5/ocean_rates_up_as_volumes_continue_to_sink/?utm_source=openai)) • Ocean freight – intra‑Asia (Vietnam ↔ China and regional) – No Vietnam‑China numeric benchmarks in the last 90 days, but multiple shipping commentaries note: • rerouting around the Middle East and fuel shocks are global, but impact is smaller on short‑haul lanes; • capacity oversupply in intra‑Asia keeps base rates comparatively low, though feeder schedules are being re‑cut and some blank sailings introduced. Lotus and other regional carriers highlight aggressive competition on Vietnam–China–ASEAN loops. (Inference based on broader Asia commentary; latest pieces focus more on transpacific/trans‑Eur trades). ([reddit.com](https://www.reddit.com/r/FreightRight/comments/1s2qic5/ocean_rates_up_as-volumes_continue_to_sink/?utm_source=openai)) • Air freight – Asia (incl. Vietnam) → US/EU – Airfreight rates out of East Asia (Shanghai benchmark, but Vietnam tends to price at small discounts/premiums depending on lane and capacity) have spiked alongside ocean volatility: • Late Mar 2026: China–US air freight rates up to US$7–8/kg from prior US$4.5–5.5/kg range as shippers with time‑sensitive cargo pivot from unstable ocean schedules. ([reddit.com](https://www.reddit.com/r/FreightRight/comments/1s2qic5/ocean_rates_up_as-volumes_continue_to_sink/?utm_source=openai)) • Commentary notes similar upward pressure on Asia–Europe air lanes as fuel costs and modal shifts bite; exact Vietnam origin rates are not quoted but are typically US$0.20–0.50/kg off Shanghai benchmarks depending on airline and season. (Analytical extrapolation). – Sea‑air dynamics: carriers and forwarders describe “air freight spillover” from ocean disruptions; high‑value and perishable exports (e.g., fresh seafood, some specialty coffee segments) are more likely to pay premiums. ([reddit.com](https://www.reddit.com/r/FreightRight/comments/1s2qic5/ocean_rates_up_as-volumes_continue-to_sink/?utm_source=openai)) • Capacity & blank sailings – directional indicators for Vietnam exporters – Aggressive blank sailings on Asia–US East Coast and Asia–Europe lanes; Maersk and other majors signaling 2026 earnings hinge heavily on whether Red Sea traffic normalizes, implying potential for more capacity tightening if conditions worsen. ([reddit.com](https://www.reddit.com/r/zim/comments/1r17vzw/freightos_weekly_update_february_10_2026_excerpts/?utm_source=openai)) – For Vietnam shippers (coffee, rice, seafood, pepper), the picture is: • nominal capacity is ample, but schedule reliability and allocation are being used as price levers; • contract negotiations into the 2026 season are occurring off a relatively “firm” floor compared with early‑2025; • fuel‑linked surcharges and risk premiums (war risk, diversion) are key components of all‑in rates, especially to Europe and US East Coast. ([reddit.com](https://www.reddit.com/r/FreightRight/comments/1s2qic5/ocean_rates_up_as-volumes_continue-to_sink/?utm_source=openai)) === 3. [COMMODITY TRENDS] Shrimp/seafood, robusta coffee, black pepper – Vietnam 2026 === A. Shrimp & seafood: prices, supply, disease, disruptions • Price & margin trends – Early‑2026 Vietnamese farmed shrimp prices are “significantly higher” vs same period 2025 across key producing regions; the increase is enough to squeeze processors and exporters where overseas buyers resist matching price hikes. ([tomota.vn](https://tomota.vn/en/tin-tuc/article-98-263?utm_source=openai)) – Export prices are supported by improved demand from China and selective recovery in the US/EU, but trade and technical barriers (US anti‑dumping, EU green regulations, IUU yellow card) limit the scope for further price hikes, so the strategic response has shifted to cost reduction and productivity gains per kg of shrimp. ([tomota.vn](https://tomota.vn/en/tin-tuc/article-98-263?utm_source=openai)) • Supply, disease & farming conditions – Early 2026: shrimp output ~132.6k tons in first two months; VASEP cites stable farming areas and improved survival rates due to better seed quality and disease management. ([reddit.com](https://www.reddit.com/r/FishFarming/comments/1s1j1l9/shrimp_output_reaches_1326_thousand_tons_in-the/?utm_source=openai)) – The main disease headlines (EMS, EHP, white‑spot) are not reported as acute crises in 2026 to date; industry analysis frames them as chronic management issues rather than new outbreaks. Farms are increasingly adopting biosecurity protocols and digital monitoring to control these risks. ([vietnam-briefing.com](https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai)) – Supply risk is more tied to: • climate variability (salinity, storms) in Mekong and South‑Central coasts; • potential tightening of antibiotics/chemical residues rules in US/EU, which could cause rejections and de facto supply disruptions. ([seafood.vasep.com.vn](https://seafood.vasep.com.vn/total-seafood-trade/news/what-opportunities-lie-ahead-for-vietnam-s-seafood-exports-in-2026-36703.html?utm_source=openai)) • Demand shifts and market mix – China is emerging as “the key growth driver” in 2026 for Vietnamese seafood, especially for lobster and value‑added shrimp, as US/EU demand and tariffs remain uncertain. ([english.vov.vn](https://english.vov.vn/en/economy/lobster-leads-surge-in-vietnams-early-2026-seafood-exports-post1276888.vov?utm_source=openai)) – Growth opportunities also flagged in Halal markets (Malaysia, Indonesia, Middle East) where Vietnam is investing in certification to move up the value chain. ([vietnam-briefing.com](https://www.vietnam-briefing.com/news/vietnams-seafood-exports-growth-drivers-market-shifts-and-2026-outlook.html/?utm_source=openai)) Implications: shrimp prices are firm to higher vs 2025, supply is growing moderately, but net margin is constrained by high input and compliance costs plus freight and tariff headwinds. --- B. Robusta coffee: prices and harvest outlook 2026 • Spot & futures price levels (Vietnam origin) – 2026 – As of April 2026: • Central Highlands farm‑gate robusta ~85,400 VND/kg (≈US$3,270/ton). • London ICE robusta futures around US$3,474/ton. • Average Vietnam FOB export price in March ~US$3,927/ton. ([hello5coffee.com](https://hello5coffee.com/vietnam-robusta-coffee-price-2026/?utm_source=openai)) – This is 13–18% lower than April 2025 levels, following a sustained correction from the extreme highs of late 2024–early 2025. ([hello5coffee.com](https://hello5coffee.com/vietnam-robusta-coffee-price-2026/?utm_source=openai)) – Other price snapshots: week‑8 2026 global update showed Vietnamese coffee export prices down 27.4% YoY to ~US$5.18/kg (all forms), underscoring the magnitude of the correction on a YoY basis. ([tridge.com](https://www.tridge.com/weekly-product-updates/w8-2026-coffee?utm_source=openai)) • Export volumes vs value – January 2026: coffee export revenue ~US$1.1bn, +39.5% YoY by some accounts and +14.1% MoM vs December; shipments climbed sharply as Vietnam pushed volume into a loosening price environment. ([stonex.com](https://www.stonex.com/en/market-intelligence/vietnam-s-robusta-surge-sends-global-coffee-prices-tumbling/?utm_source=openai)) – Q1 2026: official agricultural data show overall coffee export value declining vs Q1 2025 despite strong volumes, due to lower prices – ministry explicitly talks about “increased production but decreased value.” ([baonghean.vn](https://baonghean.vn/en/xuat-khau-nong-san-quy-i2026-kim-ngach-dat-1669-ty-usd-du-gia-ca-phe-gao-giam-sau-10331609.html?utm_source=openai)) • Harvest & supply outlook – Bloomberg (Jan 6, 2026) reported that robusta prices fell as dry weather was seen helping Vietnam’s harvest, and December 2025 coffee shipments were up 41% YoY, signaling strong crop availability. ([bloomberg.com](https://www.bloomberg.com/news/articles/2026-01-06/robusta-coffee-falls-as-dry-weather-seen-helping-vietnam-harvest?utm_source=openai)) – Analysts generally expect Vietnam’s 2025/26 and 2026/27 robusta crops to be among the strongest in years, aided by improved irrigation, fertilizers, and post‑harvest practices. Vietnam is expected to remain the anchor of global industrial‑grade coffee supply. ([stonex.com](https://www.stonex.com/en/market-intelligence/vietnam-s-robusta-surge-sends-global-coffee-prices-tumbling/?utm_source=openai)) – However, recent commentary (April 2026) notes emerging risk factors that could push prices back up in H2 2026: • possible La Niña‑linked excessive rains during drying; • competition for land from more profitable crops (durian, pepper); • any renewed weather shock in Brazil. ([hello5coffee.com](https://hello5coffee.com/vietnam-robusta-coffee-price-2026/?utm_source=openai)) Summary: robusta prices have corrected ~15–30% from 2025 peaks, volumes are strong, and Vietnam’s crop outlook is broadly positive for 2026, though weather‑ and policy‑driven upside risk to prices exists into late‑2026. --- C. Black pepper: export trends 2026 • Export performance & values – Q1 2026: • Volume: 64.6–66.4k tons (depending on source), up roughly 37–39% YoY. • Value: US$417–430m, up ~29–32% YoY. ([en.vneconomy.vn](https://en.vneconomy.vn/vietnams-agro-forestry-fishery-exports-reach-nearly-167-bln-in-q1-2026.htm?utm_source=openai)) – March 2026 alone: 30,638 tons exported (26,190 black, 4,448 white). ([vietnamnews.vn](https://vietnamnews.vn/economy/1778922/viet-nam-s-pepper-exports-rebound-strongly-despite-supply-and-shipping-challenges.html?utm_source=openai)) – VPSA export target for full‑year 2026: >US$1.7bn in pepper and spice exports, implying continued robust demand and relatively firm price environment vs 2024–25. ([en.sggp.org.vn](https://en.sggp.org.vn/vietnams-pepper-exports-reach-nearly-us430-million-in-q1-2026-post124937.html?utm_source=openai)) • Crop & supply outlook – April 2026 spice‑market report: • Vietnam 2026 black pepper harvest roughly 30–40% complete; • 2026 output projected “lower than the previous crop” with “notable decline versus recent years”; • labor shortages during picking are a bottleneck. ([plantlipids.com](https://plantlipids.com/wp-content/uploads/2026/04/Spice-Market-Report_April_2026.pdf?utm_source=openai)) – VPSA and trade reports attribute global pepper tightness to weather‑reduced crops across several origins in 2025, which, combined with lower Vietnam output in 2026, underpin a tight global balance. ([vinagrinews.com](https://www.vinagrinews.com/2026/01/vietnam-pepper-exports-2026-companies.html?utm_source=openai)) • Prices & logistics – Domestic Vietnamese pepper prices in early Q2 2026 are described as “stable to firm,” near the elevated range set during the 2024–25 bull phase. No precise VND/kg figure is given in recent public reports, but tone is clearly bullish relative to historic averages. ([plantlipids.com](https://plantlipids.com/wp-content/uploads/2026/04/Spice-Market-Report_April_2026.pdf?utm_source=openai)) – Exporters report raw‑material shortages, forcing some to import pepper from Cambodia, Brazil, Indonesia for blending/re‑export. Logistics disruptions (higher freight, delays from Middle East tensions) are cited as additional headwinds that could constrain further export growth despite strong demand. ([plantlipids.com](https://plantlipids.com/wp-content/uploads/2026/04/Spice-Market-Report_April_2026.pdf?utm_source=openai)) Overall: Vietnam pepper enters 2026 in a tight‑supply, firm‑price regime with strong export growth but increasing reliance on imported raw materials and exposure to freight/logistics risk. Sources: • Vietnam’s agro-forestry-fishery exports reach nearly $16.7 bln in Q1 2026 - VnEconomy https://en.vneconomy.vn/vietnams-agro-forestry-fishery-exports-reach-nearly-167-bln-in-q1-2026.htm?utm_source=openai • Vietnam targets 74 billion USD in agro-forestry-aquatic export earnings in 2026 | Vietnam+ (VietnamPlus) https://en.vietnamplus.vn/vietnam-targets-74-billion-usd-in-agro-forestry-aquatic-export-earnings-in-2026-post335479.vnp?utm_source=openai • Vietnam steps up rice market diversification through FTAs | Vietnam+ (VietnamPlus) https://en.vietnamplus.vn/vietnam-steps-up-rice-market-diversification-through-ftas-post340024.vnp?utm_source=openai • MINISTRY OF INDUSTRY AND TRADE https://www.dms.gov.vn/documents/d/guest/bc-ttnd2025-tieng-anh-pdf?utm_source=openai • Vietnam rice exports up 102.04 percent MoM in March 2026 / Cambodia 140.54%, Philippines 128.57% https://www.reddit.com/r/the_shiv_vn/comments/1sw7y7b/vietnam_rice_exports_up_10204_percent_mom_in/?utm_source=openai • Vietnam steps up rice market diversification through FTAs | Vietnam+ (VietnamPlus) https://en.vietnamplus.vn/vietnam-steps-up-rice-market-diversification-through-ftas-post340024.vnp?utm_source=openai • Vietnam seafood exports face mounting challenges in 2026 – Vietnam Fisheries Magazine https://vietfishmagazine.com/markets/vietnam-seafood-exports-face-mounting-challenges-in-2026.html?utm_source=openai • Lobster leads surge in Vietnam’s early-2026 seafood exports https://english.vov.vn/en/economy/lobster-leads-surge-in-vietnams-early-2026-seafood-exports-post1276888.vov?utm_source=openai • 🦐 Shrimp output reaches 132.6 thousand tons in the first two months of 2026 https://www.reddit.com/r/FishFarming/comments/1s1j1l9/shrimp_output_reaches_1326_thousand_tons_in_the/?utm_source=openai • What opportunities lie ahead for Vietnam’s seafood exports in 2026? https://seafood.vasep.com.vn/total-seafood-trade/news/what-opportunities-lie-ahead-for-vietnam-s-seafood-exports-in-2026-36703.html?utm_source=openai • How are agricultural exports faring this year after a record breaking surge? | Agriculture https://agriculture.vn/how-are-agricultural-exports-faring-this-year-after-a-record-breaking-surge-1245.html?utm_source=openai • Vietnam’s Robusta Surge Sends Global Coffee Prices Tumbling https://www.stonex.com/en/market-intelligence/vietnam-s-robusta-surge-sends-global-coffee-prices-tumbling/?utm_source=openai • Agricultural exports in Q1/2026: Value reached US$16.69 billion despite sharp declines in coffee and rice prices. https://baonghean.vn/en/xuat-khau-nong-san-quy-i2026-kim-ngach-dat-1669-ty-usd-du-gia-ca-phe-gao-giam-sau-10331609.html?utm_source=openai • Vietnam coffee exports up 14.06% in January 2026 / Germany +4.95%, Spain +53.28% https://www.reddit.com/r/the_shiv_vn/comments/1risaj6/vietnam_coffee_exports_up_1406_in_january_2026/?utm_source=openai • Việt Nam’s pepper exports rebound strongly despite supply and shipping challenges https://vietnamnews.vn/economy/1778922/viet-nam-s-pepper-exports-rebound-strongly-despite-supply-and-shipping-challenges.html?utm_source=openai • April 2026 SPICE MARKET R E P O R T Disclaimer: Th https://plantlipids.com/wp-content/uploads/2026/04/Spice-Market-Report_April_2026.pdf?utm_source=openai • Vietnam's pepper exports reach nearly US$430 million in Q1 2026 | SGGP English Edition https://en.sggp.org.vn/vietnams-pepper-exports-reach-nearly-us430-million-in-q1-2026-post124937.html?utm_source=openai • Vietnam targets 74 billion USD in agro-forestry-aquatic export earnings in 2026 | Vietnam+ (VietnamPlus) https://en.vietnamplus.vn/vietnam-targets-74-billion-usd-in-agro-forestry-aquatic-export-earnings-in-2026-post335479.vnp?utm_source=openai • Vietnam steps up rice market diversification through FTAs | Vietnam+ (VietnamPlus) https://en.vietnamplus.vn/vietnam-steps-up-rice-market-diversification-through-ftas-post340024.vnp?utm_source=openai • MINISTRY OF INDUSTRY AND TRADE https://www.dms.gov.vn/documents/d/guest/bc-ttnd2025-tieng-anh-pdf?utm_source=openai • Vietnam rice exports up 102.04 percent MoM in March 2026 / Cambodia 140.54%, Philippines 128.57% https://www.reddit.com/r/the_shiv_vn/comments/1sw7y7b/vietnam_rice_exports_up_10204_percent_mom_in/?utm_source=openai • Vietnam steps up rice market diversification through FTAs | Vietnam+ (VietnamPlus) https://en.vietnamplus.vn/vietnam-steps-up-rice-market-diversification-through-ftas-post340024.vnp?utm_source=openai • MINISTRY OF INDUSTRY AND TRADE https://www.dms.gov.vn/documents/d/guest/bc-ttnd2025-tieng-anh-pdf?utm_source=openai