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 World Pepper Association (IPC), global pepper production in 2019 decreased after many years of sharp increase, 74,000 tons lower than in 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.
Update coffee prices
The price of coffee today in the Central Highlands region decreased by VND 200 / kg, ranging between VND 29,900 – VND 30,100 / 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 decreased 11 USD / ton to 1,307 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,296 | Subtract: +80 | |||
| Dak Lak | 30,100 | -200 | |||
| Lam Dong | 29,900 | -200 | |||
| Gia Lai | 30,200 | -200 | |||
| Dak Nong | 30,200 | -200 | |||
| pepper | 38,000 | 0 | |||
| USD / VND exchange rate | 23,335 | +105 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in May 2020 decreased 1.3% to 1,211 USD / ton. Arabica coffee prices delivered in May 5/2020 increased by 4% to 112.7 UScent / pound.
According to the Federation of Colombian coffee growers, the country's coffee production in February 2020 reached 1,001 thousand bags, down 9.5% compared to February 2019. In the first 5 months of the crop year 2019/20, Colombia's coffee output reached 6,606 thousand bags, up 8.8% compared to the first 5 months of the crop year 2018/19.
In February 2020, Colombia's coffee exports reached 1,079 thousand bags, down 13.4% compared to February 2019. In the first 5 months of the 2019/20 crop year, Colombia's coffee exports reached 5,596 thousand bags, down 2.5% compared to the first 5 months of the 2018/19 crop.
According to a report of the Brazilian Government, the country's coffee export in February 2020 reached 2,810 thousand bags, an increase of 3.1% compared to January 2020, but down 9.1% compared to February 2019. The main reason is that the Brazilian crop of 2019/20 coffee produced a low production according to the “two-year-one” cycle, while the crop year 2018/19 has reached a record high.
Despite this, Brazilian coffee growers will continue to step up sales as they are about to enter the new crop of 2020/21 crop. Besides, Brazilian coffee growers boost sales activities due to the decrease of the Real currency.
According to VietnamBiz
