Also according to giacaphe.com, pepper prices today did not change, an average of 39,000 VND / kg.
In India, pepper prices in Kochi province continued to remain stable for the fourth day in a row on Thursday (May 7) amid buy and sell activity slowed. The trading volume was 10 tons and the price was at 310 rupees / kg, according to The Hindubusiness Line.
According to traders, transportation of pepper to the vicinity of Tamil Nadu and to the domestic markets of Maharashtra, Gujarat and Rajasthan has become difficult and this has affected incoming shipments.
Most large companies involved in masala production in different cities are having difficulty in making products before the start of the monsoon due to insufficient labor force.
Kishor Spices' Kishore Shamji said the departure of migrant workers forced them to operate with only a small work force. Units falling into the red zone face restrictions on moving vehicles.
Update coffee prices
Update from giacaphe.com said that the price of raw coffee in the Central Highlands has not changed compared to the previous day. In particular, the highest price was recorded in Dak Lak, reaching 30,700 VND / kg, and the lowest was in Lam Dong at 30,300 VND / kg.
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,266 | Subtract: +80 | |||
| Dak Lak | 30,700 | 0 | |||
| Lam Dong | 30,300 | 0 | |||
| Gia Lai | 30,600 | 0 | |||
| Dak Nong | 30,600 | 0 | |||
| pepper | 39,000 | 0 | |||
| USD / VND exchange rate | 23,240 | -90 | |||
| Calculation unit: VND / kg | FOB: USD / ton | |||||
As noted, closing the session on Friday (May 8), robusta coffee prices in July were stable at $ 1,186 / ton, while arabica coffee prices in July rose 2.43% to 111.65. US cent / pound.
In the newly released report of the World Coffee Organization (ICO), the price of synthetic coffee decreased by 0.1% in April to 108.91 US cents / pound because of the price of arabica coffee group from other countries. increased, while prices of Brazilian robusta and arabica coffee group decreased.
Specifically, the price of synthetic coffee reached 113.86 US cents / pound on April 15, but dropped in the following two weeks and hit a low of 103.63 US cents / pound on April 27.
The report said concerns about supply chain disruptions were overwhelmed by uncertainty of future demand conditions.
World coffee exports in March totaled 11.06 million bags, down 3.7% compared to the same period last year. By the first half of the coffee year 2019 – 2020, the export volume has decreased by 3.9% over the same period in 2018-2019 to 61.96 million bags.
In particular, the export volume of arabica coffee in the period of October 2019 – March 2020 was 38.6 million bags, down 7.8%; robusta exports increased 3.2% to 23.36 million bags.
According to VietnamBiz
