Pepper prices today throughout the Central Highlands and the South unchanged, ranging from 38,000 to 40,000 VND / kg. In particular, Gia Lai pepper prices 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 | 38,500 |
| GIA LAI | |
| – Chu Se | 38,000 |
| Dak Nong | |
| – Chiayi | 38,500 |
| BA RIA VUNG TAU | |
| – Average price | 40,000 |
| BINH PHUOC | |
| – Average price | 39,000 |
| DONG NAI | |
| – Average price | 39,000 |
Social isolation requirements and restrictions on the clearance of goods from many countries around the world have disrupted the global supply of pepper.
This is said to be the main reason for the price of pepper exported in some major producing countries. It is forecast that in the coming time, the global pepper market will still be negatively affected by the COVID-19 pandemic.
Currently, the COVID-19 epidemic is still complicated, especially in the United States and Europe, resulting in lower import demand. In the long term, global pepper prices are unlikely to increase sharply due to oversupply pressure.
Update coffee prices
The price of coffee today in the Central Highlands region decreased by VND 300 / kg, ranging between VND 30,300 – VND 30,700 / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City decreased by 14 USD to 1,280 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,266 | Subtract: +80 | |||
| Dak Lak | 30,700 | -300 | |||
| Lam Dong | 30,300 | -300 | |||
| Gia Lai | 30,600 | -300 | |||
| Dak Nong | 30,600 | -300 | |||
| pepper | 39,000 | 0 | |||
| USD / VND exchange rate | 23,330 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in July decreased 1.6% to 1,181 USD / ton. Arabica coffee prices fell 1.1% to 109.3 UScent / pound.
Export from Brazil in March increased by 0.2% to 3.12 million bags due to the sharp increase of the country's coffee price as well as the depreciation of the real against the USD. Brazil's exports in the first 6 months decreased by 10.9% to 19.6 million bags, largely due to the decline in arabica coffee output at the end of the biennial cycle.
However, exports for the whole crop this year, which ended in March, reached 40.11 million bags, 6% higher than the previous year. Much of the growth in exports occurred in the first half of the year thanks to the sale of reserves from the record harvest in 2018-2019.
In addition, green robusta shipments increased by 40.5% to 4.1 million bags while arabica exports increased by 2.8% to 31.97 million bags. After a decline in 2017-2018, exports of instant coffee have grown over the past two years, up 5.5% to 4.01 million bags this year.
According to VietnamBiz
