Pepper prices today throughout the Central Highlands and the South continued unchanged. For the whole region, pepper prices fluctuated between VND 36,000 / kg and VND 39,500 / kg, according to tintaynguyen.com. In particular, pepper prices in Dong Nai province are the lowest and highest in Ba Ria – Vung Tau.
| 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 |
According to the Import and Export Department (Ministry of Industry and Trade), the price of black and white pepper for export in some producing countries is supported by seasonal factors. Forecast in 2020, global pepper prices will hardly recover due to oversupply.
Update coffee prices
Coffee prices today in the Central Highlands continued to increase 300 VND / kg, ranging between 30,100 – 30,300 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Nong according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City increased by US $ 15 / ton to US $ 1,307 / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,307 | Subtract: +80 | |||
| Dak Lak | 30,300 | +300 | |||
| Lam Dong | 30,100 | +300 | |||
| Gia Lai | 30,400 | +300 | |||
| Dak Nong | 30,400 | +300 | |||
| pepper | 38,000 | 0 | |||
| USD / VND exchange rate | 23,230 | +60 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in May 2020 increased 1.5% to 1,231 USD / ton. Arabica coffee prices delivered in May 5/2020 increased by 5% to 108.2 UScent / pound.
In the first 12 days of March 2020, Robusta coffee prices have had strong recovery sessions due to concerns about the supply has been affected by prolonged heavy rains in Brazil recently.
According to the cyclical factor, rain at this time will help coffee trees grow well, but heavy rain is affecting the roots badly, causing leaves and fruits to fall, and making it easier for pests to attack coffee trees.
With this situation, coffee output in the crop year 2020/21 will be difficult to reach a record level as in the crop year 2018/19. Besides, Vietnamese coffee growers have restricted selling due to low prices, contributing to reducing oversupply pressure.
However, in the coming time, it is difficult for the price of coffee to recover strongly as the supply will be added as soon as Brazil and Indonesia enter a new harvest starting in April 2020. In addition, the complicated Covid-19 epidemic stopped the value chains and supply chains, reducing the amount of coffee consumed in the system of coffee shops.
According to VietnamBiz
