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.
| The provincial
/ district (survey area) |
Purchase 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 |
According to statistics from the Ministry of Commerce of India, the country's pepper imports in the first 10 months of 2019 reached 25,274 tons, worth US $ 79.78 million, up 19.4% in volume, but down 33 % in value compared to May 10, 2018.
The average import price of Indian pepper in the first 10 months of 2019 was at 3,157 USD / ton, down 43.9% over the same period in 2018.
In particular, the average import price of Indian pepper from Vietnam reached 2,438 USD / ton, down 43.7%; Indonesia reached 2,515 USD / ton, down 46%; Sri Lanka reached 6,268 USD / ton, down 11.3%; Brazil reached 2,338 USD / ton, down 61.9%.
Vietnam is the largest pepper source for India in the first 10 months of 2019, reaching 12.1 thousand tons, worth US $ 29.55 million, up 56.2% in volume, but down 12.1% in value. compared to the first 10 months of 2018.
Vietnam's pepper market share in total Indian imports increased from 36.7% in the first 10 months of 2018, to 48% in the first 10 months of 2019.
Indonesia is the second largest source of pepper for India, reaching 4.7 thousand tons, worth 11.96 million USD in the first 10 months of 2019, up 93.1% in volume and 4.2% in value compared to with 10 months of 2018.
Market share of Indonesian pepper in total Indian imports increased from 11.6% in the first 10 months of 2018, to 18.8% in the first 10 months of 2019. Notably, India increased its import of pepper from the markets include: Brazil increased by 137.7%, reaching 2.7 thousand tons; Ecuador increased by 20.2% to 710 tons; Malaysia increased by 330%, reaching 215 tons; while imports from Sri Lanka decreased by 47.6% to 4.6 thousand tons.
Update coffee prices
The price of coffee today in the Central Highlands region increased by VND 100 / kg between VND 31,700 and VND 32,100 / 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 decreased 39 USD / ton to 1,444 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,444 | Subtract: +70 | |||
| Dak Lak | 32,100 | +100 | |||
| Lam Dong | 31,700 | +100 | |||
| Gia Lai | 32,100 | +100 | |||
| Dak Nong | 31,900 | +100 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23.110 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee prices delivered in January 1/2020 increased 1% to 1,351 USD / ton. The price of arabica coffee delivered in March 2020 increased by 2.7% to 133 UScent / pound.
The two largest coffee exporters in the world, Brazil and Vietnam, both forecast a decrease in production in the season ending in September 2020. Meanwhile, demand for coffee in Asia is increasing sharply.
According to the US Department of Agriculture (USDA), Indonesia's domestic coffee consumption will increase by 54%, Vietnam will increase by 14% and China will increase by 16% during the 5-year period ending in September 2020.
Meanwhile, in China, the famous Luckin Coffee chain increased its total number of stores to 3,680 by the end of the third quarter, equivalent to an increase of 209.5% compared to the same period last year, according to the newspaper. Nikkei Asia Review.
The price of arabica coffee futures in the New York market has increased nearly 30% from a recent low in mid-November to 132 cents / pound, the highest level since the end of September 2017.
Also according to the USDA report, Brazil is expected to produce 58 million 60 kg bags of coffee in the season ending in September 2020, down 10% compared to the same period last year.
Brazil's coffee output is forecast to be reduced due to drought in Minas Gerais, the country's largest coffee growing region, where purchases this year are only about 60% of recent years.
The forecast of Brazil's coffee inventories were also lowered to 1.38 million bags, less than half of the forecast made in June of 2.87 million bags and down nearly 40% compared to the previous crop.
According to VietnamBiz
