Pepper prices Today, the market continued to decrease by VND 500 / kg in Dong Nai and Gia Lai provinces to VND 39,500 / kg. In the Central Highlands region, pepper prices fluctuated between 39,500 and 42,500 VND / kg. In particular, the price of Ba Ria – Vung Tau pepper is highest at 42,500 VND / kg and the lowest in Dong Nai.
According to the Ministry of Agriculture and Rural Development, One of the causes threatening the sustainable development of pepper is the disease factor and the breeding activities are still limited.
In particular, pepper died quickly, wilting yellow, curly leaves, anthracnose or viral diseases, root nematodes are widespread and causing serious damage to production. Research on, selection of new varieties, production of disease-free pepper, selection and recognition of best clones and cashew orchards have not been paid attention to by the provinces.
Currently, the US market and EU countries strictly control the chemical residues on pepper so the export of this agricultural product faces many challenges.
Basically, Vietnam's pepper industry is running after productivity, ignoring quality and food safety, thus failing to meet importers' requirements. Processing technology is mainly raw processing, few processing facilities have modern technology so the value is not high.
Update coffee prices
Coffee price Today, in most provinces in the Central Highlands region, it surged by VND 100 / kg, ranging between VND 32,400 and VND 33,400 / kg. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according to giacaphe.com.
Coffee prices around the port of Ho Chi Minh City increased 4 USD to 1,464 USD / ton.
Price of robusta coffee delivered in November increased by 0.5% to 1,306 USD / ton. Price of arabica coffee delivered in December was flat at 98.3 UScent / pound.
The production of 49 million bags marked a 20% decrease compared to 2018, when Brazil reached a production record of 61.66 million bags, according to Nasdaq.
Quantity arabica coffee also plummeted. Conab, Brazil's agricultural statistics agency, said the current production of arabica coffee reached 34.47 million bags, lower than the estimate of nearly 37 million bags estimated in May 2019.
Conab has revised its output forecast robusta coffee, Which is widely used by instant coffee makers, to 14.52 million bags compared to an estimated 13.93 million bags in May.
The Brazilian government's production forecast is all lower than other companies.
Brazilian consulting firm Safras & Mercado estimates coffee output In 2019, the South American nation will have 58.9 million bags, while broker and exporter Comexim forecasts 58.2 million bags.
Brazil is in a period of crop failures every two years, alternating between years of high and low production.
Some analysts expect production to set another record by 2020 when Brazil enters a bumper crop of production cycles, which could limit any recovery of coffee price Global.
Coffee cooperatives in Brazil rejected that possibility and said unusual weather had hindered the crop. Farmers also say they are cutting down on crop care, such as using fertilizers, due to low coffee prices.
Conab's report cites reduced care for crops as one of the reasons production is shrinking in the current season. The Brazilian government will only make estimates for the next crop in January 2020.
According to VietnamBiz
