Pepper prices today throughout the Central Highlands and the South continued unchanged. For the whole region, pepper prices ranged from VND 36,500 / kg – VND 39,500 / kg, 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 | 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 | 36,000 |
In February, the price 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.
According to estimates, pepper export in February 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 volume and increased by 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.
Update coffee prices
Coffee prices today in the Central Highlands plummeted 400-800 VND / kg, ranging between 30,400 – 30,900 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak and Dak Nong according to giacaphe.com.
Coffee price at warehouses around Ho Chi Minh City port decreased VND 500 / kg to VND 32,200 / 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 | 30,600 |
| – Buon Ho ROBUSTA | 30,900 |
| 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 | 32,200 |
The price of robusta coffee delivered in May 2020 decreased 1.4% to 1,253 USD / ton. Arabica coffee prices delivered in May 5/2020 decreased by 2.6% to 109.2 UScent / pound.
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 fell 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.
Although the current supply of coffee meets demand, there is growing concern about the availability of quality arabica coffee. The price of robusta coffee decreased 3.5% from the previous month to 68.07 cents / lb.
According to VietnamBiz
