Pepper prices today throughout the Central Highlands and the South unchanged, ranging from 37,500 to 40,000 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 the coming time, global pepper prices will hardly recover in the short term due to abundant supplies. Pepper production of India 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 The year increased sharply, 74,000 tons lower than 2018.
The main reason is that the planted area is narrowed and unfavorable weather in Vietnam affects productivity. Even so, the global supply of pepper is still about 60,000 – 70,000 tons higher than demand.
Pepper inventories are likely to decline sharply from 21,856 tons in 2019 to 10,856 tons in 2020. The reason is that Vietnam has exported quite a large amount of pepper in 2019.
Update coffee prices
The price of coffee today in the Central Highlands region continued to decrease by VND 600 / kg on a large scale. For the whole region, the price of coffee fluctuates in the range of 30,000 – 30,400 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Kon Tum according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City decreased by 26 USD to 1,325 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1.325 | Subtract: +80 | |||
| Dak Lak | 30,400 | -600 | |||
| Lam Dong | 30,000 | -600 | |||
| Gia Lai | 30,300 | -600 | |||
| Dak Nong | 30,400 | -600 | |||
| pepper | 38,500 | 0 | |||
| USD / VND exchange rate | 23,130 | -15 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in May 2020 decreased by 2.4% to 1,244 USD / ton. The price of arabica coffee delivered in March 2020 decreased by 3.5% to 106.1 UScent / pound.
According to the World Coffee Organization (ICO), the composite price index continued to decline in February due to the complicated development of the COVID-19 epidemic. Global coffee exports in January reached 10.29 million bags compared to 11.14 million bags in the same period in 2018-2019.
The ICO composite index dropped again in February, averaging 102 cents / lb, 4.6% lower than in January.
The daily aggregate ICO price ranges from 97.73 – 106.34 cents / lb from February 4 to February 28. Concerns about the Covid-19 epidemic significantly impacted demand and plentiful supplies for the rest of the year, as Brazil's 2020-2021 crop entered the main harvest period, putting downward pressure on market prices. school.
All price groups in February tended to decrease, with Brazil's price index falling 7.3% to 102.62 cents / lb.
The index in other countries fell 4.7% to 135.5 cents / lb while Colombia decreased 0.7% to 146.43 cents / lb. As a result, the gap between Colombia and other countries widened in February, more than doubling to 10.93 cents / lb.
According to VietnamBiz
