Today, pepper prices in the Central Highlands and the South continued to decrease by VND 500 – 1,000 / kg, ranging between VND 36,000 and VND 39,000 / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 38,000 |
| GIA LAI | |
| – Chu Se | 36,000 |
| Dak Nong | |
| – Chiayi | 38,000 |
| BA RIA VUNG TAU | |
| – Average price | 39,000 |
| BINH PHUOC | |
| – Average price | 38,000 |
| DONG NAI | |
| – Average price | 36,000 |
In particular, the price of coffee in Gia Lai, Ba Ria – Vung Tau and Binh Phuoc decreased VND 500 / kg. Dong Nai province alone decreased by 1,000 dong / kg.
Indian coffee farmers, who have been burdened with lower yields this year, are facing another problem with sharply declining pepper output.
Pepper is often intercropped with coffee and areca in the states of Karnataka, Kerala and Tamil Nadu in India. While coffee production is estimated to fall by 15-20% this year, pepper output is expected to decline by more than 30%, according to Deccan Herald.
In 2018-2019, India harvests 64,000 tons of pepper and is estimated to decrease to about 45,000 tons in 2019-2020.
Harvest of pepper begins in February. The state of Karnataka accounts for about 50% of domestic pepper production, followed by Kerala and Tamil Nadu.
Update coffee prices
Coffee prices today in the Central Highlands region continued to fall 100 VND / kg. For the whole region, the price of coffee fluctuated in the range of 30,100 – 30,600 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 decreased 6 USD / ton to 1,364 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,364 | Subtract: +80 | |||
| Dak Lak | 30,700 | -100 | |||
| Lam Dong | 30,100 | -100 | |||
| Gia Lai | 30,400 | -100 | |||
| Dak Nong | 30,400 | -100 | |||
| pepper | 38,000 | 0 | |||
| USD / VND exchange rate | 23,160 | -ten | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in March 2020 increased by 1.4% to 1,282 USD / ton. Arabica coffee prices increased 0.5% to 98.3 USCent / pound.
The strategic meeting took place while Uganda was preparing for the China International Specialty Coffee Exhibition – to be held in Pu'er, Yunnan Province from March 18-22.
The organizers of the fair have chosen Uganda as the representative country, which means that the country will have the opportunity to assert its strategic position in the Chinese and Asian Pacific markets, through raising awareness, vision and market penetration.
Figures released by the Consulate of Uganda in Guangzhou show that China's coffee drinking culture is growing by 20% every year even though it is a tea-drinking nation.
According to the Consulate, China accounts for less than 2% of global coffee consumption but is on the rise.
Solomon Rutega, Consul General of Uganda in Guangzhou Province, told exporters and processors that multinational coffee chains have recognized the opportunity and are entering the Chinese market. Rutega said Uganda has the opportunity to become a leading producer and exporter of coffee.
He noted that the main target customers are the Millennials (those born between 1980 and 2000) in China, the immigrant immigrant community and the expatriate community.
According to VietnamBiz
