This morning according to the page tintaynguyen.com, prices of raw materials purchased in the Central Highlands decreased to VND 1,000 / kg from the previous day.
In particular, the provinces of Dak Lak and Dak Nong reduced to VND 1,000 / kg for VND 48,500 / kg. In Gia Lai, the price dropped to VND 46,500 / kg.
In Ba Ria Vung Tau also continued the trend to 50,500 VND / kg.
Pepper prices in Dong Nai and Binh Phuoc are quoted at VND 48,000 / kg and VND 49,500 / kg unchanged from the previous day.
Today’s average price is now up to 49,000 VND / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
| DAK LAK | |
| – Ea H’leo | 48,500 |
| GIA LAI | |
| – Chu Se | 47,000 |
| Dak Nong | |
| – Chiayi | 48,500 |
| BA RIA VUNG TAU | |
| – Average price | 50,500 |
| BINH PHUOC | |
| – Average price | 49,500 |
| DONG NAI | |
| – Average price | 48,000 |
Pepper prices will continue to rise due to storage demand at low prices. In the long term, global pepper prices will be supported when production in most major producing countries has plummeted, including Vietnam. According to the Vietnam Pepper Association, Vietnam’s pepper production in 2020 will decrease by about 15% compared to 2019.
Domestic coffee prices
This morning from the page tintaynguyen.com the price of green coffee in the Central Highlands provinces and the South above unchanged compared to the previous session, the price ranges from 30,800 – 33,200 VND / kg.
In particular, coffee prices today Bao Loc, Lam Ha (Lam Dong) is stable at 30,900 VND / kg, similar to Di Linh coffee prices to 30,800 VND / kg.
Coffee prices in Ea H’leo, Buon Ho (Dak Lak) stood still at 31,600 VND / kg, then in Cu M’gar cost 31,700 VND / kg. Similarly, coffee prices in Gia Lai (Pleiku and Ia Grai) ) VND 31,300 / kg.
Coffee prices in Dak Nong include Dak R’lap and Gia Nghia selling around VND 31,200 – 31,300 / kg. The price of coffee in Kon Tum (Dak Ha) is VND 31,400 / kg.
The price of R1 coffee delivered at Ho Chi Minh City port was unchanged with the previous session at VND 33,200 / kg.
| Province / district (survey area) | Purchasing price VND / kg |
| Lam Dong | |
| – Bao Loc ROBUSTA | 30,900 |
| – Di Linh ROBUSTA | 30,800 |
| – Lam Ha ROBUSTA | 30,900 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 31,700 |
| – Ea H’leo ROBUSTA | 31,600 |
| – Buon Ho ROBUSTA | 31,600 |
| GIA LAI | |
| – Pleiku ROBUSTA | 31,300 |
| – Ia Grai ROBUSTA | 31,300 |
| – Chu Prong ROBUSTA | 31,200 |
| Dak Nong | |
| – Dak R’lap ROBUSTA | 31,200 |
| – Chiayi ROBUSTA | 31,300 |
| KON TUM | |
| – Dak Ha ROBUSTA | 31,400 |
| HO CHI MINH | |
| – R1 | 33,200 |
In the increasing world market, the price of robusta coffee in London delivered in September 2020 increased by 0.08% to 1,192 USD / ton.
While in New York, arabica coffee prices in September 2020 decreased 0.30% to 100 US cents / pound.
The weak demand for coffee in the market is due to trade tensions between the US and China; between the US – EU makes the purchasing power on agricultural products market low. In addition to the concern that the 2nd wave of the Covid-19 pandemic was on the rise and the uncertainties associated with the recovery of economies was still a downside aspect.
According to ITC, Vietnam’s coffee market in total Russian imports accounted for 38.4% in the first 4 months of 2020, down from 44.7% in the first 4 months of 2019. , Russia ranks 3rd in the world in terms of per capita consumption power after the US and UK.
According to VietnamBiz
