Domestic coffee prices on March 20 continued to increase by VND 200 / kg. The price of coffee in the Central Highlands is currently traded at VND 36,800 – 37,300 / kg.
At the European Intercontinental Exchange, the price of Robusta coffee in May increased by 11 USD to 1,785 USD / ton.
At the US Intercontinental Exchange, Arabica coffee futures in May increased by more than 1 cent to nearly 122 cents / pound.
The American Coffee Association said the number of people drinking a cup of coffee a day in the country reached the highest level since 2012. Besides, the Asian market is assessed to have a steady growth in coffee consumption. . The region's demand is growing by 2.5 million bags a year. This contributes to the recovery of the medium and long-term market.
Meanwhile, the pepper market is still gloomy when the price is at a record low, fluctuating between 54,000 and 58,000 VND / kg.
Photo: Business Times
Specifically, pepper prices in Gia Lai province are the lowest and highest are Chau Duc district (Ba Ria-Vung Tau), Dak Lak and Dak Nong provinces. Last week, pepper prices decreased by VND 1,000-3,000 / kg.
Although pepper prices have plummeted, but demand is not much, farmers invest less. Some households cut old pepper gardens to switch to other crops.
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