Pepper prices today throughout the Central Highlands and the South unchanged, ranging between 37,000 – 39,500 VND / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 38,000 |
| GIA LAI | |
| – Chu Se | 37,000 |
| 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 the context of the complicated and ongoing Covid-19 pandemic spreading globally, pepper prices in the world market are likely to continue the downtrend in the near future, when subject to double effects. from pandemic and oversupply pressure.
According to Nedspice Group's forecast, although global pepper production is estimated to decrease by 12% this year, the inventory is expected to be still higher than the total demand in the market.
Disease movements are still complicated, especially in the US and Europe – the major pepper markets in the world, will cause strong import demand. In addition, the global pepper market also faces difficulties due to disrupted supplies due to social isolation requirements and restrictions on clearance of goods from many countries around the world.
In the long term, the global pepper market is forecast to remain under oversupply. The supply of area, productivity, output of Vietnam and the world has increased in recent years while the demand has only increased from 2 – 2.5% / year.
Vietnam's pepper harvest in 2020 has reached over 50% with an estimated output of 250,000 tons, inventory in 2019 will turn to about 90,000 tons, so the supply in 2020 is estimated at 350,000 tons.
Update coffee prices
Today's coffee price in the Central Highlands increased by VND 300-600 / kg. In particular, the price of coffee in Dak Lak province recorded an increase of 300 VND / kg. Lam Dong, Gia Lai and Kon Tum provinces increased by VND 500 / kg. Coffee price in Dak Nong is expected to increase by VND 600 / kg, according to tintaynguyen.com
Coffee prices at warehouses around the port of Ho Chi Minh City increased by VND 200 / kg to VND 30,900 / kg.
| The provincial
/ district (survey area) |
Purchase price
VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha ROBUSTA | 29,200 |
| – Bao Loc ROBUSTA | 29,200 |
| – Di Linh ROBUSTA | 29,100 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 29,800 |
| – Ea H’leo ROBUSTA | 29,600 |
| – Buon Ho ROBUSTA | 29,500 |
| GIA LAI | |
| – Pleiku ROBUSTA | 29,500 |
| – Chu Prong ROBUSTA | 29,500 |
| – Ia Grai ROBUSTA | 29,600 |
| Dak Nong | |
| – Dak R’lap ROBUSTA | 29,500 |
| – Chiayi ROBUSTA | 29,600 |
| KON TUM | |
| – Dak Ha ROBUSTA | 29,300 |
| HO CHI MINH | |
| – R1 | 30,900 |
Price of robusta coffee delivered in May increased by 2.6% to 1,114 USD / ton. Arabica coffee prices fell 5.2% to 105.5 UScent / pound.
Data from the Uganda Coffee Development Agency (UCDA) released earlier this month showed that coffee export sales – one of Uganda's major foreign exchange earnings – reached 172 billion shillings ($ 46.7 million). in February.
This figure increased from 120 billion shillings (32.5 million USD) in the same period last year, equivalent to an increase of 43%. According to the report, Uganda exported more than 476,000 kg of coffee while the volume of the same period last year was only 325,000 kg.
Uganda produces and exports two main types of coffee, robusta and arabica. Robusta coffee accounts for over 80% of total production while arabica accounts for 20%.
According to a UCDA report, in February, a total of 388,646 kg of robusta coffee was exported, an increase of 48.6% from 261,526 kg in the same period last year.
Besides, robusta coffee exports increased by 43%, the report said.
According to VietnamBiz
