Pepper prices today throughout the Central Highlands and the South decreased in some provinces. Accordingly, pepper prices in Dak Lak, Gia Lai and Dak Nong provinces decreased by VND 500 / kg. For the whole region, pepper prices ranged 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 provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 38,000 |
| GIA LAI | |
| – Chu Se | 37,500 |
| Dak Nong | |
| – Chiayi | 38,000 |
| BA RIA VUNG TAU | |
| – Average price | 40,000 |
| BINH PHUOC | |
| – Average price | 39,000 |
| DONG NAI | |
| – Average price | 37,500 |
In February 2020, the global pepper market traded quietly. Kerala's state pepper crop in 2020 officially started in January 2020, but the yield and quality are low due to weather.
February and March 2020, Kerala and Karmataka states of India in the main harvest, the output can reach 200-300 tons / week. Export prices of black and white pepper were stable or tended to decrease (depending on the market).
Forecast: in the coming time, global pepper price will hardly recover in short-term due to abundant supply. Indian pepper output in 2020 is forecast to reach about 61,000 – 62,000 tons, 30% higher than in 2019.
According to the World Pepper Association (IPC), global pepper production in 2019 decreased after many years of sharp increase, 74,000 tons lower than in 2018. The main reason is that the planted area is shrinking and the weather is not. Advantages in Vietnam affect productivity.
Update coffee prices
Today's coffee price in the Central Highlands plummeted VND 500 / kg after rising to VND 700 / kg yesterday. For the whole region, the price of coffee fluctuated between 31,500 and 31,900 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Kon Tum according to tintaynguyen.com.
Coffee price at warehouses around Ho Chi Minh City port increased by VND 700 / kg to VND 33,800 / kg.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,387 | Subtract: +80 | |||
| Dak Lak | 31,900 | -500 | |||
| Lam Dong | 31,500 | -500 | |||
| Gia Lai | 31,800 | -500 | |||
| Dak Nong | 31,800 | -500 | |||
| pepper | 38,500 | 0 | |||
| USD / VND exchange rate | 23.145 | -5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in May 2020 decreased 1.5% to 1,285 USD / ton. The price of arabica coffee delivered in March 2020 decreased 1.8% to 118 UScent / pound.
Global Robusta coffee prices fell due to oversupply pressure. The 2020/21 coffee crop of Brazil is about to enter a full harvest, starting in April 2020 for Robusta coffee and July 2020 for arabica coffee.
The Carnival of Brazil has ended, the real against the dollar makes Brazilian coffee growers boost sales activities, causing oversupply pressure on the market.
In order to protect coffee growers' income from market fluctuations, Colombia has established its first ever price stabilization fund with a budget of US $ 63.9 million. Currently, the arabica coffee area of Colombia is 880,000 hectares, the production reaches a record high of 14.8 million bags in 2019.
According to VietnamBiz
