Pepper prices today were flat after dropping VND 500 / kg in Dong Nai yesterday. For the whole Central Highlands and the South, pepper prices ranged from 36,000 to 38,500 VND / kg. In particular, the highest pepper price recorded in Ba Ria – Vung Tau and the lowest in Dong Nai.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 37,500 |
| GIA LAI | |
| – Chu Se | 36,000 |
| Dak Nong | |
| – Chiayi | 37,500 |
| BA RIA VUNG TAU | |
| – Average price | 38,500 |
| BINH PHUOC | |
| – Average price | 38,000 |
| DONG NAI | |
| – Average price | 36,000 |
According to the International Pepper Association (IPC), in 2019, it is estimated that global pepper production will decrease after years of increase, 74,000 tons lower than in 2018. The main reason is due to unfavorable weather in Vietnam. affect productivity.
Vietnam's pepper exports in 2019 are higher than the production due to the fact that there is still a part of pepper reserves.
Compared to 2018, Vietnam's pepper production decreased slightly due to the shrinking planted area. Vietnam started focusing on improving the quality of pepper, reducing chemical use and developing organic pepper production.
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 ranged from 30,900 to 31,100 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 3 USD / ton to 1,370 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,373 | Subtract: +80 | |||
| Dak Lak | 31,200 | -400 | |||
| Lam Dong | 31,000 | -300 | |||
| Gia Lai | 31,200 | -300 | |||
| Dak Nong | 31,200 | -300 | |||
| pepper | 37,000 | 0 | |||
| USD / VND exchange rate | 23.170 | +5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 decreased by 0.2% to 1,263 USD / ton. Price of arabica coffee delivered in March 2020 decreased by 0.5% to 106 UScent / pound.
Robusta coffee prices have fallen as global coffee supplies are likely to be redundant given the prospect that Brazil will have a new harvest crop to hit a record in the next few months. According to the Brazilian Institute of Geography and Statistics (IBGE), the country's coffee output in 2020 will increase by 12.9% compared to 2019, to 56.4 million bags of 60 kg (equivalent to 3.4 million). ton).
According to the Federation of Colombian Coffee Growers, the country's coffee output in January 2020 reached 1,050 thousand bags, 246 thousand lower than in January 2019. Generally for the first 4 months of the crop year 2019/20, Colombia's coffee production reached 5,605 thousand bags, 640 thousand higher than the first 4 months of the crop year 2018/19.
Meanwhile, coffee exports of Colombia in January 2020 reached 1,101 thousand bags, 65 thousand lower than in January 2019. Generally for the first 4 months of the crop year 2019/20, Colombia's coffee exports reached 4,884 thousand bags, 17 thousand higher than the first 4 months of the 2018/19 crop.
According to VietnamBiz
