Pepper prices today in the Central Highlands and the South remained unchanged, ranging between VND 39,000 and VND 41,500 / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,000 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 40,000 |
| BA RIA VUNG TAU | |
| – Average price | 41,500 |
| BINH PHUOC | |
| – Average price | 40,500 |
| DONG NAI | |
| – Average price | 39,000 |
According to the Central Highlands Agroforestry Science and Technology Institute (WASI), this time is suitable for adjusting the pepper growing area, reducing from 150,000 ha to 100,000 ha, in which each province should specify the specific seed area. pepper needs to be maintained, the rest is converted to other crops to ensure livelihoods for farmers.
In addition, the pepper industry also needs the State to invest in mechanisms and policies suitable to the market situation.
The reason is that importers are showing signs of waiting from Vietnam's harvest to be able to buy at low prices. This is the reason why black and white pepper prices in the domestic market fell
Update coffee prices
Coffee prices today in the Central Highlands region at 31,000 to 31,500 VND / kg after falling 1,000 VND last week. 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 traded at 1,399 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,399 | Subtract: +80 | |||
| Dak Lak | 31,500 | -1,000 | |||
| Lam Dong | 31,000 | -1,000 | |||
| Gia Lai | 31,300 | -1,000 | |||
| Dak Nong | 31,300 | -1,000 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23.105 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 increased by 2.1% to 1,366 USD / ton. Arabica coffee prices increased 1% to 112 USCent / pound.
Coffee prices in recent days have continuously decreased due to abundant supplies and quiet transactions. According to the Brazilian Institute of Geography and Statistics (IBGE), Brazil's coffee production in 2020 will increase by 12.9% compared to 2019, to 56.4 million bags of 60 kg (equivalent to 3.4 million tons). ).
In particular, Arabica coffee production is estimated at 42.2 million 60 kg bags (equivalent to 2.5 million tons), an increase of 22.1% compared to 2019.
Accordingly, the average yield increased by 16.2%, while the newly planted area increased by 4.2% and the harvested area increased by 5.0%. Robusta coffee production is estimated at 14.2 million bags (equivalent to 852,000 tons), down 7.7% compared to 2019. In Vietnam, transactions are quite quiet due to the upcoming Lunar New Year holiday. 2020.
The situation is similar in Indonesia, as exporters are waiting for the Robusta coffee harvest in the southern part of Sumatra, where the harvest usually begins in March.
According to a report by the National Costa Rican Coffee Institute, the country's coffee exports in December 2019 decreased by 9.6% compared to December 2018, to 35,790 bags.
In the first 3 months of the 2019-2020 crop, Costa Rica's coffee exports reached 61,417 bags, down 27% compared to the first 3 months of the crop year 2018/19.
According to a report by the National Coffee Institute of Honduras, coffee exports of this country in December 2019 decreased by 4.1% compared to December 2018, reaching 339.608 bags.
Accumulated in the first 3 months of the 2019-2020 crop, Honduras' coffee exports reached 521,411 bags, down 8.3% compared to the first 3 months of the crop year 2018/19.
According to VietnamBiz
