Pepper prices Today, the Central Highlands has moved sideways, ranging between VND 39,000 – VND 42,000 / kg, the highest of which is in Ba Ria – Vung Tau and the lowest in Gia Lai and Dong Nai.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,500 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 40,500 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 39,000 |
Currently, Vietnam's pepper production industry is facing many difficulties due to oversupply and low prices. The area of pepper cultivation has exceeded the planning, especially in inappropriate areas, the disease on pepper has not yet had effective control measures.
While the organization of production, preliminary processing and deep processing of pepper is still limited, it has not brought into full play its potential and advantages.
In the early days of October 2019, importers stepped up imports of Brazil pepper, causing the domestic price of pepper to decrease to its lowest level in recent years. Domestic black pepper price was the lowest at 39,000 VND / kg in Chu Se and Dong Nai provinces, the highest was 41,500 VND / kg in Ba Ria – Vung Tau province.
The price of white pepper at 63,000 VND / kg, down 3.1% compared to the end of September 2019 and down from 87,000 VND / kg of the same period in 2018.
Update coffee prices
Coffee price Today in the Central Highlands region across most provinces, fluctuating between 30,800 – 31,500 VND / kg. In particular, the highest coffee price recorded in Kon Tum, the lowest in Lam Dong, according to tintaynguyen.com. Only Dak Lak province recorded the price of coffee down VND 100 / kg to VND 31,200 / kg.
Coffee price around HCMC port remained unchanged at VND 32,700 / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| Lam Dong | |
| – Bao Loc (Robusta) | 30,900 |
| – Di Linh (Robusta) | 30,800 |
| – Lam Ha (Robusta) | 30,800 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 31,400 |
| – Ea H’leo (Robusta) | 31,200 |
| – Buon Ho (Robusta) | 31,200 |
| GIA LAI | |
| – Ia Grai (Robusta) | 31,200 |
| Dak Nong | |
| – Chiayi (Robusta) | 31,200 |
| KON TUM | |
| – Dak Ha (Robusta) | 31,500 |
| HO CHI MINH | |
| – R1 | 32,700 |
Price of robusta coffee delivered in November increased 1.2% to 1,222 USD / ton. The price of arabica coffee delivered in December decreased 1.6% to 96.2 UScent / pound.
Short-selling funds the coffee On the exchanges, the coffee market actually does not have enough supply and the demand for coffee remains high, according to Bloomberg.
Mr. Lucio Dias, Commercial Director of Minas Gerais-based Cooxupe Cooperative (Brazil), said that the international market will face a shortage of supply in the next 6 months.
According to initial estimates, Cooxupe will buy about 5.7 million bags of arabica coffee, which is favored by Starbuck, this year but in fact the purchased coffee is only 4.9 million bags.
About 65% of that is sold and farmers usually hold up to 20%. Although shipments from Brazil increased to a record, global inventories are declining.
The futures contract for coffee on the New York Stock Exchange fell nearly 40% from its highest level in September 2016 amid a record harvest in Brazil.
According to VietnamBiz
