Pepper prices Today increased by VND 500 / kg in Binh Phuoc. The remaining provinces recorded flat pepper prices. For the whole region, pepper price fluctuated between 40,500 – 43,500 VND / kg, of which the lowest was in Dong Nai and the highest was in Ba Ria – Vung Tau.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 42,500 |
| GIA LAI | |
| – Chu Se | 40,500 |
| Dak Nong | |
| – Chiayi | 42,500 |
| BA RIA VUNG TAU | |
| – Text | 43,500 |
| BINH PHUOC | |
| – Text | 42,500 |
| DONG NAI | |
| – Text | 40,000 |
According to the International Pepper Association (IPC), the world demand for pepper is about 510,000 tons / year and the average annual increase of 2-3%, while production increased by 8-10%. World pepper production in 2018 reached 557,000 tons and is expected to reach 602,000 tons in 2019.
It is forecast that by 2050, world pepper production will increase to 1 million tons and consumer demand will also increase, but not balanced with supply. Therefore, it will be hard for pepper prices to recover strongly due to excess supply.
Update coffee prices
Coffee price Today in most provinces in the Central Highlands region increased by VND 100 / kg, ranging between VND 32,800 – VND 33,700 / kg. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according to giacaphe.com.
Coffee price around HCMC port increased by USD 10 to USD 1,488 / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,488 | Backward: +160 | |||
 Dak Lak |
33,700 | +100 | |||
| Lam Dong | 32,800 | +100 | |||
| Gia Lai | 33,400 | +100 | |||
| Dak Nong | 33,400 | +100 | |||
| pepper | 42,000 | 0 | |||
| USD / VND exchange rate | 23,160 | +5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November increased by 1% to 1,330 USD / ton. Price of arabica coffee delivered in December increased 1% to 103.8 UScent / pound.
The chairman of the Tanzanian Coffee Commission, Primus Kimaryo, responded to the paper Daily News On August 13, the country's coffee production soared from 47,000 tons in the 2017-2018 season to 65,500 tons in the 2018-2019 crop.
“The explosion of production is due to favorable climate,” Mr. Kimaryo answered by phone from Moshi, Kilimanjaro region.
He added the production would have been higher if the coffee grown by large-scale production households. Currently, small scale farmers contribute 90% of the coffee production in this region.
According to the International Coffee Organization (ICO), high coffee production has helped Tanzania to surpass Kenya to the 4th position from the 5th position among the leading producers in Africa.
The leading producer in Africa is Ethiopia with 450,000 tons, followed by Uganda with 294,000 tons, followed by Côte d’Ivoire with 96,000 tons.
ICO data shows that in the East African Community (EAC), Uganda leads in coffee production, followed by Tanzania and Kenya with 51,000 tons, Rwanda in fourth place with 16,500 tons and Burundi with 12,900 tons in the year. crop 2018 – 2019.
According to the Bank of Tanzania's monthly economic assessment (BoT), exports of traditional crops of the country in May fell to US $ 533.9 million from US $ 1,140.3 million over the same period last year. , except for coffee and cotton.
According to VietnamBiz
