Pepper prices Today the sideways region in the Central Highlands went sideways, fluctuating in the range of VND 39,500 – VND 42,500 / kg. In particular, the price of Ba Ria – Vung Tau pepper is highest at 42,500 VND / kg and the lowest in Dong Nai.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 41,500 |
| GIA LAI | |
| – Chu Se | 39,500 |
| Dak Nong | |
| – Chiayi | 41,500 |
| BA RIA VUNG TAU | |
| – Text | 42,500 |
| BINH PHUOC | |
| – Text | 41,500 |
| DONG NAI | |
| – Text | 38,000 |
At the Sustainable Pepper Development Conference, meeting the requirements of free trade agreements, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh emphasized that the pepper industry is an important industry of Vietnam and has many advantages. With the world's No. 1 productivity, competitiveness is still very large.
“At this time, there are some difficulties, limitations, affecting production, affecting people's lives, many families have no capital to invest. Epidemics and other risks are the consequences of an increase in area heat.
The ministry suggested localities try to stabilize the area so that the whole country has about 100,000 ha. For areas of diseased, dead and ineffective plants, they do not replant and transfer to other crops such as mangosteen, avocado, mango … ”, Deputy Minister Doanh emphasized.
Also according to the Deputy Minister, the pepper industry needs to attach importance to the production quality, towards the organic model.
The Deputy Minister suggested that the Ministry of Industry and Trade to coordinate with the Ministry of Agriculture and Rural Development to support pepper production and processing enterprises in activities to enhance the value of the products. In the coming time, the Ministry of Agriculture and Rural Development will work with the State Bank and ministries and branches to support farmers in production.
Update coffee prices
Coffee price Today in most provinces in the Central Highlands region increased by VND 200 / kg, ranging between VND 32,600 – VND 33,600 / kg. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according to giacaphe.com.
Coffee price around Ho Chi Minh City port reached 1,466 USD / ton, up 11 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,466 | Backward: +160 | |||
| Dak Lak | 33,600 | +200 | |||
| Lam Dong | 32,600 | +200 | |||
| Gia Lai | 33,200 | +200 | |||
| Dak Nong | 33,300 | +200 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23.145 | -5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November increased 0.8% to 1,315 USD / ton. Price of arabica coffee delivered in December increased by 0.5% to 98.9 UScent / pound.
Density coffee export Brazil to Arab countries currently reaches 4.2%. As of August this year, Brazilian coffee export value reached 134 million USD, up 14.3%, and price on average each bag increased 14.3% compared to last year, according MenaFN.
Overall, Brazilian coffee exports have reached the highest level in the last 5 years. Exports amounted to 27 million bags, up 30.8% and export value reached US $ 3.4 billion, up 7.3% from the previous year.
“It is worth noting that in the first 5 months of this year, import volume has increased by 30% compared to the same period last year. This means that Brazilian coffee has gained market share abroad, ”said Cecafé President Nelson Carvalhaes, in a press release.
In August 2019 alone, Brazil exported 3.2 million bags of coffee, down 9.5% compared to the same period last year. Sales also fell 19.2% to $ 398.4 million. The average price in August reached 124.2% USD, down 10.8% compared to 2018.
In July, arabica coffee accounting for 75.8% of export volume with 2.4 million bags while robusta coffee accounting for 14.4% with 462,000 bags and instant coffee accounting for 9.8% of total exports with 314,000 bags.
According to VietnamBiz
