Pepper prices Today in Binh Phuoc area decreased VND 1,000 / kg to VND 41,500 / kg. For the whole region, pepper prices ranged from 39,000 to 42,500 VND / kg. In particular, the lowest pepper prices in Dong Nai and Gia Lai, the highest in Ba Ria – Vung Tau.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 41,500 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 41,500 |
| BA RIA VUNG TAU | |
| – Text | 42,500 |
| BINH PHUOC | |
| – Text | 41,500 |
| DONG NAI | |
| – Text | 39,000 |
According to calculations from ITC statistics, Thailand's pepper imports in the first 7 months of 2019 reached 3.5 thousand tons, worth $ 20.13 million, up 2.5% in volume, but down 6 , 0% in value compared to the first 7 months of 2018.
In particular, Thailand mainly imports black and white pepper, which has not been crushed or crushed (HS code 090411), accounting for 76.3% of total imports in the first 7 months of 2019, reaching 2.7 thousand tons. , an increase of 19.2% compared to the first 7 months of 2018.
In contrast, Thailand reduced imports of ground and crushed black and white pepper (HS code 090412), down 10.5%.
Regarding supply structure: In the first 7 months of 2019, Thailand increased imports of pepper from India, Indonesia, Malaysia, the United States and Laos, but reduced imports from Vietnam, China, the Philippines, Japan. , Cambodia.
Specifically, Vietnam is the largest pepper source for Thailand in the first 7 months of 2019, reaching 2.76 thousand tons, worth US $ 14.4 million, down 4.9% in volume and down 25.3%. in value over the same period in 2018.
Update coffee prices
Coffee price Today, in almost all provinces in the Central Highlands region, it is fluctuating between VND 32,700 – VND 33,800 / kg. In particular, the highest coffee price recorded in Kon Tum, the lowest in Lam Dong, according to tintaynguyen.com.
Coffee price around Ho Chi Minh City port was VND 34,900 / kg, unchanged compared to the end of last week.
Robusta coffee delivered in November increased by 0.5% to 1,321 USD / ton. Price of arabica coffee delivered in December decreased 0.2% to 100 UScent / pound.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| Lam Dong | |
| – Bao Loc (Robusta) | 32,800 |
| – Di Linh (Robusta) | 32,700 |
| – Lam Ha (Robusta) | 32,700 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 33,800 |
| – Ea H’leo (Robusta) | 33,600 |
| – Buon Ho (Robusta) | 33,600 |
| GIA LAI | |
| – Ia Grai (Robusta) | 33,200 |
| Dak Nong | |
| – Chiayi (Robusta) | 33,300 |
| KON TUM | |
| – Dak Ha (Robusta) | 33,800 |
| HO CHI MINH | |
| – R1 | 34,900 |
Last week's price of coffee increased by VND 200-300 / kg, ranging between VND 32,700 – VND 33,800 / kg. In particular, the common increase of VND 200 / kg was recorded in Dak Lak, Gia Lai, Dak Nong and Kon Tum provinces. Lam Dong province recorded an increase of VND 300 / kg.
Price of coffee delivered in Ho Chi Minh City port increased by VND 200 / kg to VND 34,900 / kg.
Global coffee prices have shown signs of recovery thanks to many positive factors. The Brazilian government reduced its forecast for this year's crop to 49 million 60-kg bags, down from 50.9 million bags forecasted in May 2019, due to unfavorable weather. .
According to the Brazilian Agricultural Statistics Office (Conad), Arabica coffee production reached 34.47 million bags compared to nearly 37 million bags estimated in May 2019.
Production of Robusta coffee, the type widely used by instant coffee producers, increased to 14.52 million bags from 13.93 million bags that were forecast in May 2019.
Global demand for coffee increases on a cyclical basis. By the end of the year, production demand increased, so the purchasing power of international roasters and traders increased. Brazil's coffee growers are limiting their sales due to the falling real.
The European Central Bank's decision to lower interest rates of 0.1% to a record low of -0.5% (ECB) and the new application of a new 15-day US tariff rate when China announced it would increase Purchasing agricultural products has contributed to easing trade tensions between the two largest global economies.
Meetings and monetary policies of the US Federal Reserve (FED), Brazil Monetary Policy Committee (Cupom), central banks raised in the world with the expectation that new monetary policies will positive impact on commodity markets in general.
According to VietnamBiz
