Pepper prices today in the Central Highlands and the South moved sideways, ranging between 40,000 – 42,000 VND / kg. In particular, pepper prices in Dong Nai province are the lowest and highest in Ba Ria – Vung Tau, according to tintaynguyen.com.
| 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 | 40,000 |
Regarding the crisis of oversupply of pepper in recent years, the Minister of Agriculture and Rural Development Nguyen Xuan Cuong said Vietnam's pepper production accounts for 60% of total pepper production worldwide.
To develop the advantages of pepper, Vietnam only produces to a certain extent. The planning is only 50,000 ha, while the actual area is 3 times the planned area of 150,000 ha. Therefore, inefficient areas need to be transferred to other trees.
The Ministry of Agriculture and Rural Development has also called for businesses to link with farmers to deep processing pepper products with 10 different items, including pepper oil.
In addition, with EVFTA, EU countries commit to eliminate tariffs on pepper products (HS code 0904) right after the agreement comes into effect. This will be a good lever for Vietnamese businesses to increase exports to EU countries, especially for previously processed products with a tax rate of 5 – 9%.
Update coffee prices
Today's coffee price in the Central Highlands region increased by VND 200 / kg to VND 32,900 – VND 33,300 / kg. In particular, the price of Lam Dong coffee is the lowest and highest in Dak Lak, according to giacaphe.com.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,510 | Subtract: +125 | |||
| Dak Lak | 33,300 | +200 | |||
| Lam Dong | 32,900 | +200 | |||
| Gia Lai | 33,200 | +200 | |||
| Dak Nong | 33,200 | +200 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23.125 | -15 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee prices delivered in January 1/2020 increased 1% to 1,390 USD / ton. The price of arabica coffee delivered in March 2020 increased by 0.5% to 119 UScent / pound.
Ajinomoto AGF, a subsidiary of Ajinomoto Food Group, Japan plans to produce its first ton of coffee by 2022, according to Asian Nikkei Review.
Ajinomoto AGF President, Hideaki Shinada, hopes to supply Tokunoshima-branded coffee grown on the island of the same name in Kagoshima Prefecture, southern Japan.
The average annual temperature is about 22 degrees Celsius with rainfall of about 2,000 mm, which is the perfect weather condition for coffee trees.
Coffee consumption in Japan increased to 470,213 tons in 2018 from 420,932 tons in 2011, thanks in part to sales at convenience store chains, according to the Japan Coffee Association. Bottled coffee is especially popular in Japan.
Ajinomoto AGF will plant 4,000 coffee trees by 2020, 8,000 trees by 2021 and 15,000 trees by 2022 with 10 different plants.
The company will test different types of coffee and plan to open a second plantation in March 2020. The company also plans to use advanced equipment to cope with adverse weather and fertilizers provided by parent company Ajinomoto.
According to VietnamBiz
