Pepper prices today throughout the Central Highlands and the South decreased from 500 to 1,000 VND / kg in some provinces. Accordingly, the price of pepper in 3 provinces of Dak Nong, ranges between 37,500 – 40,000 VND / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 38,000 |
| GIA LAI | |
| – Chu Se | 36,500 |
| Dak Nong | |
| – Chiayi | 38,000 |
| BA RIA VUNG TAU | |
| – Average price | 39,500 |
| BINH PHUOC | |
| – Average price | 38,500 |
| DONG NAI | |
| – Average price | 37,000 |
In particular, the highest pepper prices recorded in Ba Ria – Vung Tau and Binh Phuoc, Dong Nai decreased VND 500 / kg. For the whole region, pepper prices fluctuated between 36,500 and 39,500 VND / kg.
In particular, the lowest pepper price in Gia Lai is the highest in Ba Ria – Vung Tau, according to tintaynguyen.com
In February 2020, prices of black and white pepper in the domestic market decreased compared to the previous month. On February 29, 2020, the price of black pepper decreased from 4.8 to 5.1% compared to January 31, 2020.
The price of white pepper at 58,000 VND / kg, down 4.9% compared to the end of January 2020 and sharply decreasing compared to 71,000 VND / kg of the same period in 2019.
It is estimated that pepper export in February 2020 reached 20 thousand tons, valued at US $ 45 million, up 36.3% in volume and 25.5% in value compared to January 2020, up 22% in value. amount and up 3.6% in value compared to February 2019.
Generally for the first 2 months of 2020, export of pepper reached 35 thousand tons, worth US $ 81 million, down 2.8% in volume and 19.2% in value compared to the first 2 months of 2019.
The average export price of pepper in February 2020 was at US $ 2,250 / ton, down 7.9% compared to January 2020 and down 4.1% compared to February 2019. Generally for the first 2 months of 2020, the average export price of pepper reached 2,332 USD / ton, down 16.9% over the same period in 2019.
Update coffee prices
Today's coffee price in the Central Highlands region continued to decrease in some provinces. Accordingly, the price of coffee in Kon Tum province decreased VND 400 / kg to VND 30,500 / 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 Dak Lak according to tintaynguyen.com.
Coffee prices at warehouses around the port of Ho Chi Minh City moved sideways at VND 32,300 / 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 | 31,000 |
| – Ea H’leo ROBUSTA | 30,800 |
| – Buon Ho ROBUSTA | 30,800 |
| GIA LAI | |
| – Pleiku ROBUSTA | 30,700 |
| – Chu Prong ROBUSTA | 30,600 |
| – Ia Grai ROBUSTA | 30,700 |
| Dak Nong | |
| – Chiayi ROBUSTA | 30,800 |
| – Dak R’lap ROBUSTA | 30,700 |
| KON TUM | |
| – Dak Ha ROBUSTA | 30,500 |
| HO CHI MINH | |
| – R1 | 32,300 |
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.
Associated Bloomberg said Brazilian farmers' coffee stocks are also currently at low levels.
Meanwhile, coffee suppliers in Colombia and Honduras were almost sold out after coffee prices soared in late 2019.
In January of this year, coffee prices fell by 21%.
Brazil's coffee production is forecast to hit a record high this year as the coffee crop peaks every two years despite the bad weather.
Besides, the reduction of Brazilian real will also encourage coffee export activities because the price of coffee in the international market is priced in USD.
In addition, the outbreak of the corona virus (Covid-19) reduced the need for coffee at restaurants and coffee shops. However, the fact that many consumers are forced to stay at home because the epidemic may increase the demand for coffee at home.
In the price increase at the end of 2019, the price of arabica coffee peaked at US $ 1.4 per pound in December and then plummeted to below US $ 1 per pound in early January. Arabica coffee price reaches 1.2 USD / pound.
According to VietnamBiz
