According to the page tintaynguyen.com, Price of raw material purchased in the Central Highlands and the South decreased VND 500 / kg. Specifically, the provinces of Dak Lak and Dak Nong reduced to VND 500 / kg, at VND 50,000 / kg. In Gia Lai increased to VND 500 / kg 48,500 VND / kg.
In Ba Ria Vung Tau, the price was decreased by VND 500 / kg, at VND 51,500 / kg.
Pepper price in Dong Nai is VND 48,000 / kg, currently VND 50,500 / kg is the price of pepper in Binh Phuoc decreased VND 500 / kg compared to yesterday.
The average price currently up to 50,000 VND / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
| DAK LAK | |
| – Ea H’leo | 50,000 |
| GIA LAI | |
| – Chu Se | 48,500 |
| Dak Nong | |
| – Chiayi | 50,000 |
| BA RIA VUNG TAU | |
| – Average price | 51,500 |
| BINH PHUOC | |
| – Average price | 50,500 |
| DONG NAI | |
| – Average price | 48,000 |
The market increased the price of pepper by Rs 10 a kg just before opening. Mr. Kishore Shamji of Kishor Spices said.
The market is showing interest when the inventory is insufficient during the quarantine. It is this trend that will keep prices stable in material areas.
Due to a sharp increase in profits, large dealers and long-distance traders consider that the price will likely increase. Last week, the volume of processed black pepper delivered to the Kochi futures market increased by 33 tons, with a stable price of Rs 315 / kg (equivalent to USD 4,1725 / kg).
Domestic coffee prices
As noted this morning from the page tintaynguyen.com price of green coffee in the Central Highlands provinces simultaneously increased again to VND 200 / kg, the price ranges from VND 30,300 – VND 31,100 / kg.
Specifically, today’s coffee prices in Bao Loc, Lam Ha (Lam Dong) increased by VND 200 / kg to VND 30,400 / kg, Di Linh to VND 30,300 / kg.
Coffee prices in Ea H’leo, Buon Ho (Dak Lak) continued to increase by VND 200 / kg to VND 30,900 / kg and Cu M’gar to VND 31,100 / kg. Similarly, the price of coffee in Gia Lai (Pleiku and Ia Grai) increased slightly by VND 200 / kg to VND 30,800 / kg.
Coffee price in Dak Nong also increased by VND 200 / kg in Gia Nghia to VND 30,800 / kg and Dak R’lap was VND 30,700 / kg, Kon Tum was stable at VND 30,800 / kg.
| Province / district (survey area) | Purchasing price VND / kg |
| Lam Dong | |
| – Lam Ha ROBUSTA | 30,400 |
| – Bao Loc ROBUSTA | 30,400 |
| – Di Linh ROBUSTA | 30,300 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 31,100 |
| – Ea H’leo ROBUSTA | 30,900 |
| – Buon Ho ROBUSTA | 30,900 |
| GIA LAI | |
| – Pleiku ROBUSTA | 30,800 |
| – Chu Prong ROBUSTA | 30,700 |
| – Ia Grai ROBUSTA | 30,800 |
| Dak Nong | |
| – Chiayi ROBUSTA | 30,800 |
| – Dak R’lap ROBUSTA | 30,700 |
| KON TUM | |
| – Dak Ha ROBUSTA | 30,800 |
| HO CHI MINH | |
| – R1 | 32,300 |
In the world market bounced back, the price of robusta coffee in London delivered in July 2020 increased by 1.22% to 1,159 USD / ton.
While in New York, arabica coffee prices in July 2020 increased by 2.35% to 95.95 US cents / pound.
According to consultancy Safras and Mercado, Brazil has consumed 34% of the coffee output of the crop year 2020/21 which is being harvested, an increase of 6% compared to the crop year 2019/20. Brazil continues to boost sales of the new crop because the Real exchange rate is at a favorable level for the seller.
In addition, fear of a second wave of the Covid-19 epidemic in China and the United States also put pressure on the global coffee market.
Coffee inventories in the US in May 2020 increased for the second month in a row because most of the country’s coffee shops were operating in a limited situation or were still completely closed due to blockades.
According to VietnamBiz
