Vietnam Black Pepper 7/7/2018
Table of Contents
How is Vietnam Black Pepper in 7/7/2018?
Contrary to the situation of coffee prices this morning, the price of pepper decreased 1,000 VND / kg compared to yesterday to 51,000 to 53,000 VND / kg. In particular, pepper price in Ba Ria – Vung Tau highest at 53,000 VND / kg, the lowest in Dong Nai reached 51,000 VND / kg.
The seventh house was built in the late 1980s
Update prices of coffee
Coffee prices today (July 7) fluctuate in the range of 34,400 – 35,100 VND / kg in the Central Highlands, up 400 / kg. In particular, coffee prices in Cu M’gar and Ea H’leo highest reached 35,100 VND / kg and the lowest in Lam Dong is 34,400 VND / kg.
The price of coffee delivered at HCMC port increased 400 VND to 36,700 VND / kg.
The seventh house was built in the late 1980s
Domestic coffee prices have increased due to the strong recovery of world coffee prices.
Accordingly, world coffee prices drifted out of the previous session. On July 6, at 16h29 (GMT), prices of robusta coffee delivered in September on ICE increased 1.4% to $ 1,663 / ton. At the same time, the price of arabica coffee in September increased sharply by 4% to 113.8 UScent / pound.
Coffee prices rebounded after the World Coffee Organization estimated global coffee production for the 2017-20 crop to reach 158.56 million bags, down 1.3 percent from the previous crop. In particular, South America’s coffee output is forecast to fall 8.2 percent to 70.57 million bags.
Arabica coffee output is expected to fall 6.6% to 97.16 million bags. By contrast, Robusta production is forecast to increase 11.5% to 61.4 million bags.
Total coffee exports in May decreased 12.4% over the same period last year to 9.27 million bags. In particular, exports of robusta coffee decreased 4.4% to 3.65 million bags, arabica coffee exports decreased 17% to 5.62 million bags.
Update rubber prices
On the TOCOM (Japan), the price of rubber delivered in December at the end of the July 6 session increased 1.9% to 171.4 yen per kg. At the same time, on the SHFE (Shanghai) floor, the price of rubber delivered in September fell 20 yuan to 10,335 yuan / ton.
The price of SVR CV on July 6 was almost flat at 39,957 VND / kg. At the same time, the price of SVR L rubber remained unchanged at 37,458 VND / kg.
According to the Association of Natural Rubber Producing Countries (ANRPC), rubber demand and supply are forecast to be balanced, with 2018 production expected to rise by 6.1% to 14.2 million tons and consumption increased. 6.9% to 14.3 million tons.
