Update pepper prices (March 3, 2020)

Rate this post

Pepper prices today throughout the Central Highlands and the South unchanged, ranging from 37,000 to 39,500 VND / kg. In particular, the highest pepper price recorded in Ba Ria – Vung Tau and the lowest in Gia Lai, Dong Nai, according to tintaynguyen.com.

The Kerala state 2020 pepper harvest has officially started in January 2020, but the yield and quality are low due to adverse weather. The moisture of the first harvest is about 17-20%, higher than the normal level of 13%.

February 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.

India's pepper price is expected to drop below Rs 300 per kg (equivalent to US $ 4.2 per kg), possibly even reaching Rs 275 per kg (US $ 3.84 per kg). in short term.

Karnataka is India's largest pepper producing state, accounting for about 55% of the country's share, while Kerala and Tamil Nadu states account for 40% and 5% respectively.

Update coffee prices

Coffee prices today in the Central Highlands region increased 200 VND / kg on a large scale. For the whole region, the price of coffee fluctuated in the range of 31,300 – 31,700 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 8 USD / ton to 1,371 USD / ton.

Domestic coffee prices

TT human bucket Average price Change
FOB (HCM) 1,371 Subtract: +80
Dak Lak 31,700 +200
Lam Dong 31,300 +200
Gia Lai 31,600 +200
Dak Nong 31,600 +200
pepper 38,000 0
USD / VND exchange rate 23.170 0
Calculation unit: VND / kg | FOB: USD ($) / ton

The price of robusta coffee delivered in April 2020 increased by 1% to 1,295 USD / ton. Price of arabica coffee delivered in March 2020 increased by 4.5% to 116 UScent / pound.

According to Eurostat data, Germany's coffee imports in 2019 reached 2.203 million tons, worth 4.524 billion EUR (equivalent to 4.9 billion USD), down 39.2% in volume and down 48.7%. in value compared to 2018.

In 2019, Germany reduced imports of unroasted, unaffiliated coffee (HS code 090111) and roasted and decaffeinated coffee (HS code 090122), while increasing imports of roasted and un decaffeinated coffee (HS code 090121). and unroasted, decaffeinated coffee (HS code 090112). The average import price of German coffee in 2019 reached US $ 2,224 / ton, down 15.7% compared to 2018.

In particular, the average import price of German coffee from Brazil reached US $ 2,043 / ton; Vietnam reached 1,558 USD / ton; Honduras reached 2,400 USD / ton.

Notably, the average import price of German coffee from Colombia, Peru and Ethiopia increased by 0.4%, 10% and 1.4%, respectively, to US $ 2,947 / ton, US $ 2,979 / ton and US $ 2,668 / ton.

In 2019, Germany reduced its import of coffee from sources such as Vietnam, Colombia, Peru, Ethiopia, Uganda, China, but increased imports from markets such as Brazil, Honduras, Indonesia and India.

According to VietnamBiz

Leave a Reply

Your email address will not be published. Required fields are marked *