Pepper prices today in the Central Highlands and the South moved sideways, ranging between 40,000 – 42,500 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 | 42,500 |
| BINH PHUOC | |
| – Text | 41,500 |
| DONG NAI | |
| – Text | 40,000 |
World black and white pepper prices tend to increase in some producing countries due to increased demand in the winter.
However, pepper price is forecast to hardly increase sharply due to oversupply pressure. The World Pepper Association estimates that global pepper production in 2019 will reach 592,000 tons, while demand is about 450,000 tons, so the price of pepper will continue to be low in the near future.
Update coffee prices
Coffee prices today in the Central Highlands region remained unchanged, ranging between 32,300 – 32,800 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Nong, according to tintaynguyen.com.
Coffee prices at warehouses around the port of Ho Chi Minh City were unchanged at VND 34,000 / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha (Robusta) | 32,400 |
| – Bao Loc (Robusta) | 32,300 |
| – Di Linh (Robusta) | 32,300 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 32,800 |
| – Ea H’leo (Robusta) | 32,800 |
| – Buon Ho (Robusta) | 32,700 |
| GIA LAI | |
| – Pleiku (Robusta) | 32,600 |
| – Chu Prong (Robusta) | 32,700 |
| – Ia Grai (Robusta) | 32,600 |
| Dak Nong | |
| – Chiayi (Robusta) | 32,600 |
| – Dak R’lap (Robusta) | 32,500 |
| KON TUM | |
| – Dak Ha (Robusta) | 32,800 |
| HO CHI MINH | |
| – R1 | 34,000 |
The price of robusta coffee delivered in January 2020 decreased 1.6% to 1,412 USD / ton. Price of arabica coffee delivered in March 2020 decreased by 1% to 134.5 UScent / pound.
According to the US Department of Agriculture, Brazilian coffee output in 2019-2020 is expected to fall to 58 million bags. The Brazilian coffee industry will benefit more from the signing of the FTA.
Brazil's coffee production forecast for 2019-2020 is revised to 58 million 60 kg bags, due to lower production than previously expected in arabica coffee growing regions.
It is estimated that coffee export after exploitation has decreased to 35.32 million bags because the supply of coffee may be lower.
The instant coffee industry is expected to benefit directly from the Free Trade Agreement (FTA) signed in June last year by the European Union (EU) and the South American Market Community (Mercosur). ).
The Brazilian Soluble Industry Association (ABICS) forecasts sales growth of 35% after import duties were removed in the five-year period of the FTA.
According to VietnamBiz
