Pepper prices Last week, it passed sideways in most provinces in the South and the Central Highlands. Only Dong Nai pepper price increased by VND 500 to VND 39,000 / kg.
Price movements of pepper last week
According to the International Pepper Organization, inventories in major pepper producing countries like Vietnam and Malaysia are still large, affecting the price of black pepper. At the same time, selling pressure also reduces the price of this item.
The current area of pepper in Vietnam is about 100,000 hectares while the price of pepper is below the production cost.
The market share of pepper in the world reaches 60%, up from 47% in 2012. Meanwhile, the world demand for pepper is only about 510,100 tons / year and the global pepper production in 2019 is expected to reach 602,000 tons. In 2018, this figure stood at 557,000 tons.
Coffee prices last week
Coffee prices last week were mixed in the Central Highlands region. Accordingly, the prices of coffee in Lam Dong and Dak Nong provinces increased by VND 100 / kg to VND 33,200 / kg and VND 33,600 / kg respectively. The price of coffee in Kon Tum province decreased by VND 100 to VND 33,700 / kg.
Coffee prices in the provinces of Dak Lak, Gia Lai and Ho Chi Minh City ports.
Coffee price movements last week
The Import-Export Department (Ministry of Industry and Trade) said that according to the General Department of Customs, the export of processed coffee in the first 9 months of 2019 reached 28,667 tons, worth more than 146 million USD, up 3.7%. in volume terms, but down 0.3% in value compared to the first 9 months of 2018.
In particular, exports to Russia, China, Poland, India, Laos and Malaysia increased, while exports to Japan and Myanmar decreased.
Specifically, in the first 9 months of 2019, Russia is Vietnam's largest export market for processed coffee, reaching 4,988 tons, worth nearly US $ 31 million, up 49% in volume and 36.5% in volume. in value compared to the same period in 2018.
Coffee price Processed exports on average in Russia in the first nine months of 2019 reached US $ 6,192 / ton, down 8.4% compared to the first 9 months of 2018.
Japan is the second largest export market for processed coffee in the first 9 months of 2019, reaching 2,836 tons, worth US $ 13.7 million, down 22% in volume and 25.8% in value compared to with the same period of 2018.
Notably, exports of processed coffee to China in the first 9 months of 2019 increased by 114.8% in volume and 87% in value over the same period in 2018, reaching 2,378 tons, worth more than 7 million dollars.
