Pepper prices today in the Central Highlands and the South continued to move sideways, ranging between 36,000 – 39,000 VND / 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 |
The 2020 pepper harvest in Kerala state has officially started in January 2020, but the yield and quality of pepper are low due to adverse weather.
The moisture of the first harvest is about 17-20%, higher than the normal level of 13%. In February 2020 and March 2020, when the two states of Kerala and Karnataka come to the main harvest, Indian pepper output can reach the threshold of 200 – 300 tons / week.
Indian pepper prices are expected to fall below Rs 300 a kg, possibly even reaching Rs 275 a kg in the short term. Karnataka is the largest spice producer in India, accounting for about 55% of the country's proportion, while Kerala and Tamil Nadu states account for 40% and 5% respectively.
In Brazil, pepper production is forecast to increase sharply. Currently, the cost for 1 hectare of pepper growing land in Brazil is only about 500 USD.
Meanwhile, the productivity and quality of Brazil pepper are always guaranteed. Because of the large land, each Brazilian pepper garden planted only on 3/4 of the area / crop, the remaining 1/4 did not allow the soil to recover.
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 30,400 – 30,800 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Kon Tum and Dak Lak, according to tintaynguyen.com.
Coffee prices at warehouses around the port of Ho Chi Minh City moved sideways at VND 32,200 / kg.
| The provincial
/ district (survey area) |
Purchase price
VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha ROBUSTA | 30,400 |
| – Bao Loc ROBUSTA | 30,400 |
| – Di Linh ROBUSTA | 30,300 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 30,900 |
| – Ea H’leo ROBUSTA | 30,800 |
| – Buon Ho ROBUSTA | 30,800 |
| GIA LAI | |
| – Pleiku ROBUSTA | 30,600 |
| – Chu Prong ROBUSTA | 30,500 |
| – Ia Grai ROBUSTA | 30,600 |
| Dak Nong | |
| – Chiayi ROBUSTA | 30,600 |
| – Dak R’lap ROBUSTA | 30,500 |
| KON TUM | |
| – Dak Ha ROBUSTA | 30,800 |
| HO CHI MINH | |
| – R1 | 32,200 |
The price of robusta coffee delivered in March 2020 decreased 1.1% to 1,267 USD / ton. Arabica coffee prices increased 0.6% to 98.8 USCent / pound.
According to The ASEAN Post, coffee is rapidly developing into a more sustainable commodity due to consumer demand and farmer commitments around the world.
Thanks to the popularity, coffee has become an important commodity for Southeast Asian countries, with an export value of US $ 6.2 billion, equivalent to 16% of the world's coffee export.
Seattle-based franchise coffee company – Starbucks – has opened the largest store in Southeast Asia – Starbucks Dewata Coffee Sanctuary, in cooperation with PT Sari Coffee Indonesia.
This store helps strengthen the role of Indonesia – the fourth largest arabica coffee growing area in the world and gives Starbucks customers the highest quality coffee.
Coffee derived from Sumatran has been the main source of Starbucks since 1971.
The coffee has a slightly sour taste and contains stimulating caffeine content, making it one of the most popular drinks in the world.
As a result, coffee has become an important commodity for Southeast Asian countries, with an export value of US $ 6.2 billion, equivalent to 16% of the world's coffee export.
In 2017, Indonesia and Vietnam were the two leading coffee producing countries in the world, contributing 18% and 6% to global output respectively.
According to VietnamBiz
