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 the Department of Agricultural Product Processing and Market Development, coffee exports in September 2019 were estimated at 81 thousand tons with a value of US $ 143 million, cumulative coffee exports in the first 9 months of 2019 were estimated at 1.25 million tons. tons and 2.15 billion USD, down 13.3% in volume and down 21.9% in value over the same period in 2018.
Germany and the US continued to maintain the position of the two largest coffee consuming markets of Vietnam in the first 8 months of 2019 with export value of 270.6 million USD (accounting for 13.5% market share) and US $ 176 million (8.8% market share).
The sharp decrease in average coffee export price is a factor leading to a decline in Vietnam's coffee exports to most traditional markets such as Germany, USA, Italy and Spain. The average export price of coffee in the first 8 months of 2019 reached US $ 1,709 / ton, down 10.7% over the same period in 2018.
Update coffee prices
Coffee price Today, in most provinces in the Central Highlands region continued to fall by VND 100 / kg, ranging between VND 32,700 – VND 33,600 / 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 decreased 6 USD / ton to 1,461 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,454 | Subtract: +150 | |||
 Dak Lak |
33,300 | -100 | |||
| Lam Dong | 32,400 | -100 | |||
| Gia Lai | 32,900 | -100 | |||
| Dak Nong | 33,000 | -100 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23.140 | -ten | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November decreased 0.5% to 1,305 USD / ton. The price of arabica coffee delivered in December decreased 0.8% to 100.5 UScent / pound.
Follow Bloomberg, Vietnam's export volume of coffee is tending to go down due to reduced inventories and low prices, making farmers reluctant to sell.
According to statistics from the General Department of Customs, coffee export in the first half of September reached 38,7000 tons, worth more than US $ 67.9 million, down 35.1% in volume and down 34.3% in value compared to the last 15 days of August.
Accumulated from the beginning of the year to the middle of September, coffee export reached over 1.2 million tons, valued at over 2 billion USD, down 12.6% in volume and 21.5% in value over the same period last year. 2018.
In the same period, the average export price of coffee reached $ 1,711 / ton, down 10.2% over the same period in 2018.
Coffee farmers and traders may be holding about 5% of the coffee crop during the season, or 85,000 tons as of mid-September, according to a survey conducted by Bloomberg.
Answer interview sheet BloombergLe Tien Hung, Managing Director of Simexco Dak Lak, said coffee exports are likely to decline in the coming month.
Farmers hoard goods since the coffee price nearly hit the bottom of 9 years. Calculated this year, robusta coffee prices fell about 14% due to oversupply.
“We do not dare to sell too much at this time because we have not collected enough goods. Some traders are still struggling to deliver enough coffee for the October contract, ”Mr. Hung said.
Follow Reuters, coffee trading activity remained quiet last week as traders waited for new signals as the 2019-2020 crop will start this week.
According to VietnamBiz
