Today, pepper prices in the Central Highlands and the South decreased by VND 500 – 1,000 / kg in many provinces. Accordingly, pepper prices decreased by VND 500 / kg in Gia Lai, Ba Ria-Vung Tau and Binh Thuoc provinces. Dong Nai pepper price dropped sharply by VND 1,000 / kg to VND 39,000 / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 41,000 |
| GIA LAI | |
| – Chu Se | 39,500 |
| Dak Nong | |
| – Chiayi | 41,000 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 39,000 |
For the whole region, pepper prices ranged from 39,500 to 42,000 VND / kg, of which the lowest and highest Dong Nai pepper price in Ba Ria – Vung Tau, according to tintaynguyen.com.
According to statistics from the International Trade Center, the Netherlands mainly imports black and white pepper without being crushed. The import of crushed or ground black and white pepper from the Netherlands reached 3,432 tons, valued at US $ 14.16 million, up 18.4% in volume, but down 6.4% in value compared to the first 7 months. 2018.
The average import price of Dutch pepper reached 3,802 USD / ton. Vietnam is the largest source of pepper for the Netherlands, with the growth rate of 31.7% in volume.
Brazil is the second largest source of pepper for the Netherlands. The country's market share of pepper in the total imports of the Netherlands increased from 24.4% to 26.3%.
Update coffee prices
The price of coffee today in the Central Highlands region increased sharply by 600 VND / kg ranging between 32,200 – 32,700 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 37 USD / ton to 1,477 USD / ton.
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,477 | Subtract: +70 | |||
| Dak Lak | 32,700 | +600 | |||
| Lam Dong | 32,200 | +600 | |||
| Gia Lai | 32,500 | +600 | |||
| Dak Nong | 32,500 | +600 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23,110 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in January 2020 went sideways at 1,326 USD / ton. The price of arabica coffee delivered in March 2020 increased by 3.9% to 132.5 UScent / pound.
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.
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.
Not only Brazil, coffee production is also likely to decrease in other countries.
“Vietnam's coffee exports in the first 7 months of 2019 have decreased by 15% over the same period last year,” said Shiro Ozawa, an adviser of Wataru coffee trading company in Tokyo. Some industry sources say Vietnam has also imported coffee from Brazil.
In Honduras, the world's sixth-largest coffee producer, production is expected to decline by 7% in the crop ending in September 2020, also due to the drought.
According to VietnamBiz
