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 and Gia Lai provinces 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 | 41,000 |
| GIA LAI | |
| – Chu Se | 40,000 |
| Dak Nong | |
| – Chiayi | 41,000 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 40,000 |
On the world market, the export price of pepper has begun to increase in some major export ports such as Ho Chi Minh City port and Kochi port (India), according to the Department of Agricultural Product Processing and Market Development.
However, pepper price is forecasted to be unlikely to increase sharply in the near future as the supply is still plentiful and the demand will not increase much in the following months because the markets have imported a large amount of pepper. from the middle of the year.
Update coffee prices
Coffee prices today in the Central Highlands region increased sharply by 700 VND / kg on a large scale, ranging from 33,000 to 33,200 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City increased 4 USD to 1,500 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,500 | Subtract: +120 | |||
 Dak Lak |
33,200 | +700 | |||
| Lam Dong | 33,000 | +700 | |||
| Gia Lai | 33,100 | +700 | |||
| Dak Nong | 33,100 | +700 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23.120 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in January 2020 increased 2.5% to 1,382 USD / ton. The price of arabica coffee delivered in March 2020 increased 2.4% to 123.6 UScent / pound.
In November, world coffee prices fluctuated. Compared to the previous month, the price of Robusta coffee delivered in January 20/20 at the London Commodity Exchange increased 80 USD / ton to 1,402 USD / ton.
According to the International Coffee Organization (ICO), the price of coffee increased due to increasing trade tensions, which caused speculative capital to flee from stock exchanges and pour into agricultural product exchanges.
Coffee prices are also supported by psychological concerns that Brazil reported October exports to fall, ending a record-breaking export chain and Vietnam, the world's leading coffee producer, estimates for exports. The coffee year 2018/2019 has just ended by more than 10% less than the previous coffee crop.
The reason is that Brasil enters a period of crop failure every 2 years. At the same time, low prices (lower production costs in some coffee-growing countries) over the past years have forced coffee growers to reduce investment in coffee making global output fall.
The latest ICO report also forecasts a global shortage of 0.5 million bags of coffee instead of a surplus as previously reported due to an increase in global consumption estimates.
Demand for Robusta coffee is also on the rise as the instant coffee market expands to emerging economies. Reduced supply in the coming season amid rising global consumption dragged up prices of coffee.
According to VietnamBiz
