Pepper prices Today, in the Central Highlands region, it has fluctuated between VND 39,000 and VND 42,500 / 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 the Department of Processing and Agricultural Product Market Development, in the near future, domestic and global pepper prices will hardly be able to increase sharply due to oversupply pressure.
According to the report of the International Pepper Association (IPC), the average annual growth rate of the world demand for pepper is only about 2-3% / year, while the supply grows to 8-10%. /year. IPC forecasts that in 2019, the world's total demand will reach only about 450 thousand tons, about 100,000 tons less than the total global pepper production.
Update coffee prices
Coffee price Today, in most provinces in the Central Highlands region, the price has decreased by VND 200 / kg, ranging between VND 32,700 – VND 33,600 / kg. In particular, the highest coffee price recorded in Kon Tum, the lowest in Lam Dong, according to giacaphe.com.
Coffee prices around the port of Ho Chi Minh City decreased 9 USD / ton to 1,461 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,461 | Subtract: +150 | |||
| Dak Lak | 33,400 | -200 | |||
| Lam Dong | 32,500 | -200 | |||
| Gia Lai | 33,000 | -200 | |||
| Dak Nong | 33,100 | -200 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23,150 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee delivered in November decreased by 0.5% to 1,313 USD / ton. Price of arabica coffee delivered in December decreased 0.2% to 100.9 UScent / pound.
In September, Brazil's eal currency price always remained low, Brazilian coffee growers were motivated to sell.
Coffee reserves in some major markets like the US continue to rise. According to the Green Coffee Association, as of the end of July 2019, total coffee inventories at warehouses across the US increased by 279,052 bags (60 kg bags) compared to the end of June 2019.
In particular, the coffee reserve in New York port increased sharply compared to the end of June 2019 with an increase of 89,723 bags.
It is forecasted that from now till the end of the year, coffee prices will show more prosperous signs due to the fact that Vietnam's coffee supply has shown signs of decreasing and inventory is low.
The Brazilian government reduced its forecast for this year's crop to 49 million bags of 60 kg / bag, down from 50.9 million bags forecasted in May 2019, due to unfavorable weather. .
Besides, global demand for coffee increases cyclically. By the end of the year, production demand increased, so the purchasing power of international roasters and traders increased.
