Pepper prices Today, the Central Highlands has slightly increased in some provinces. Specifically, the price of pepper in Dong Nai province increased by VND 500 / kg to VND 40,000 / kg. For the whole region, pepper prices ranged from 40,000 to 42,000 VND / kg, of which the highest was in Ba Ria – Vung Tau and lowest in Gia Lai and Dong Nai provinces.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,500 |
| GIA LAI | |
| – Chu Se | 40,000 |
| Dak Nong | |
| – Chiayi | 40,500 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 39,500 |
According to information from the Vietnam Trade Office in Myanmar, Ngwe Galon Min Company of Myanmar (Ngwe Galon Min Co., Ltd; address: 446/447, Konzedan Street, Thein Gyi Zay (A) Yone, Pabedan Tsp, Yangon) has been put on the watch list and recommended by Myanmar Customs for pepper shipments imported by the above-said enterprise but without receiving the goods, it will not be facilitated for re-export to Vietnam and will start to fight. price, confiscation of funds.
Previously, a number of Vietnamese enterprises that exported white and black pepper to Myanmar during the period from mid-2018 to early 2019 were regularly receiving goods from businesses such as Ngwe Galon Min Co., Ltd., (importer). export) refuse to carry out procedures for receiving goods with the reason: financial difficulties, quality of pepper is not guaranteed …
This company only paid the deposit (10-30% of the value of the shipment), delayed payment and even refused to receive the goods when the goods arrived at the port of Yangon, Myanmar.
According to the Myanmar Trade Office, the reason for Myanmar enterprises not receiving goods is mainly due to the low price of pepper at the time of delivery compared to the initial expectation. A number of Vietnamese exporters have had to re-export procedures to avoid damage.
According to Myanmar Law, if imported goods arrive at the port without going through customs clearance within 60 days, the shipment will be auctioned and confiscated.
Update coffee prices
Coffee price Today in the Central Highlands region decreased by VND 100 / kg, ranging between VND 30,800 – VND 31,300 / 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 7 USD / ton to 1,366 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,366 | Subtract: +125 | |||
 Dak Lak |
31,300 | -100 | |||
| Lam Dong | 30,800 | -100 | |||
| Gia Lai | 31,000 | -100 | |||
| Dak Nong | 31,200 | -100 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23.145 | -5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November decreased 0.6% to 1,210 USD / ton. Price of arabica coffee delivered in December decreased 1.2% to 97.7 UScent / pound.
The International Coffee Organization (ICO) estimates Vietnam's coffee production will decrease by 1.3% to 30 million bags due to adverse weather conditions affecting output in the 2018-2019 crop.
This figure is quite in line with the US Department of Agriculture estimate of 30.4 million bags. According to a Bloomberg survey, Vietnam's coffee output in the 2018-2019 season is estimated to decrease by 90,000 tons from the previous crop to more than 1.7 million tons (equivalent to more than 28.3 million bags). According to the Vietnam Coffee and Cocoa Association, Vietnam's coffee output in 2019 is adversely affected by the El Niño phenomenon.
According to the Central Highlands Hydrometeorology Station, the rainy season in 2019 comes later than the rule. Some dams in the region have much lower water levels than years. In addition, in the 2018 – 2019 season, the size of coffee beans in some provinces is smaller than every year or even the case of coffee without beans will affect this year's output.
By July, coffee farmers continued to suffer from prolonged heavy rains causing floods, causing thousands of hectares of coffee trees to be flooded.
According to the National Agricultural Extension Center, the country's total coffee area to 2018 is about 688 thousand hectares, of which the Central Highlands and South Central Coast will account for 625 thousand hectares.
The Central Highlands is the main region of Robusta coffee with an area of about 622 thousand hectares (accounting for over 90% of the country's area) and an average yield of about 26 quintals / ha.
Representatives of the National Agricultural Extension Center said that the replanting of coffee trees has been done for many years and ministries, branches and localities have entered the study. By the end of 2018, the country's coffee replanting area was about 110 thousand hectares and was mainly grown with new varieties.
According to VietnamBiz
