Vietnam black pepper price 12/07/2018
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Vietnam black pepper
Let’s see how Vietnam black pepper price changed today. As reported by PV, in Chu Se district (Gia Lai province) pepper price today increased by 500 VND / kg to 52,000 VND / kg. However, in Ba Ria – Vung Tau pepper price decreased by 1,000 VND / kg, return to 53,000 VND / kg.
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July 11th: the tribute to the dead, the funeral of the uncle 2
Pepper prices on July 11 in some large raw material areas of Vietnam. Source: tintaynguyen
Some other raw materials such as Dak Lak, Dak Nong, Binh Phuoc and Dong Nai, pepper today remained unchanged yesterday, trading at a low level, reaching only 52,000 VND / kg.
The main reason that pepper prices have fallen continuously in the long run is due to abundant supply and export markets have not shown signs of improvement, while large pepper countries like Indonesia and Malaysia are preparing to step in. New harvest in August. In general, in the first 6 months, the price of pepper in the down trend due to the large supply, compared with the end of 2018 pepper prices have decreased 16,000 to 17,000 VND / kg.
On the floor of Kochi (India), at 10:19:36 hours in Vietnam, the price of delivery of terms from July 2018 to October 2018 simultaneously decreased by 265 to 270 rupees (ie decreased by 0.75 – 0.76%) to Rs 35,310 – Rs 35,895 a quintal.
Other products
Coffee prices continue to rise today session 2
As noted from the market, in this morning prices of coffee beans in the Central Highlands continue to increase by 200 VND / kg, the price of coffee traded from 35,300 to 35,800 VND / kg.
July 11th: the canteen is closed, the canteen is closed.
The Central Highlands coffee market continues to increase by VND200 / kg. Artwork
Specifically, coffee prices in Dak Lak is at the highest level, reached 35,800 VND / kg; Coffee prices in Gia Lai, Dak Nong provinces are traded at 35,700 VND / kg, while Lam Dong is 35,300 VND / kg.
The price of coffee in the port area of Ho Chi Minh City is at 37,200 VND / kg, while the price of exported coffee of type 2, the rate of black broken 5%, FOB export price at the port is $ 1,585 per ton, increased $ 10 / ton compared to yesterday.
Domestic coffee prices increased continuously as Robusta coffee prices on the futures exchange continued to increase in the second session. Accordingly, the closing session last night, Robusta coffee prices in London for September delivery period increased $ 10 / ton, equivalent to 0.59%, reached $ 1,705 / ton.
Although coffee prices have increased by VND700 / kg in just two sessions, prices are still too low compared to recent years.
Mr. Nguyen Nam Hai – Vice President of the Vietnam Coffee and Cocoa Association said that the price of coffee beans in raw material areas is close to the price of farmers.
“There are many reasons for the current low prices, but the main causes are as follows. First, it is a decision to raise the Fed’s 0.25% interest rate from 13.6.2018; Second, the dollar price increases; Third, due to increased supply compared to demand “- Hai information.
