By page tinkaynguyen.com Last week, the price of pepper in the past week was suddenly increased by 500 VND / kg in Binh Phuoc province and the provinces in the Central Highlands remained stable, bringing the price of raw material pepper in the South and the Central Highlands to 47,500 – 50,000 VND / kg.
In addition, pepper prices returned to a stable trend in the rest of the week, bringing pepper prices to an average of 48,000 VND / kg.
Price volatility in the past week. Unit: VND / kg. Synthesis: Y Phuong
According to estimates, pepper exports in August 2020 reached 18 thousand tons, worth $ 45 million, down 0.1% in volume but up 0.3% in value compared to July 2020, compared to August. / 2019 decreased by 4.6% in volume and 3% in value. In the first 8 months of 2020, pepper exports reached 203 thousand tons, worth $ 445 million, down 7.4% in volume and 19.9% in value over the same period in 2019.
In August 2020, the average export price of pepper was estimated at 2,500 USD / ton, an increase of 0.4% compared to July 2020 and an increase of 1.6% compared to August 2019. In the first 8 months of 2020, the average export price of pepper was estimated at 2,198 USD / ton, down 13.5% over the same period in 2019.
Coffee prices continue to increase by 100 – 300 VND / kg
During the past week, coffee prices continued to increase by 100-300 VND / kg, currently the prices are ranging from 33,200 to 33,900 VND / kg. In the Central Highlands region, the highest price in Dak Lak is 33,900 VND / kg and the lowest in Lam Dong is 33,200 VND / kg.
Coffee price fluctuations in the past week. Unit: VND / kg. Synthesis: Y Phuong
In August 2020, Robusta and Arabica coffee prices increased sharply due to increased demand, decreased inventory, while people were not in a hurry to sell. The forecast for Vietnam’s coffee production in the 2020/2021 crop year to decline and the new crop in Brazil to slow down due to unfavorable weather are also factors that support coffee prices in August 2020.
By page tintaynguyen.com, in tAugust 8/2020, domestic coffee prices increased sharply in line with global coffee prices. On August 29, 2020, domestic coffee prices increased compared to July 30, 2020.
The highest increase rate was 3.8% in Lam Dong province, to 33,100 – 33,200 VND / kg; the lowest growth rate was 2.8% in Buon Ho district, Dak Lak province, to 33,500 VND / kg. At the port of Ho Chi Minh City, Robusta R1 coffee grade increased 2.9%, to 34,900 VND / kg.
According to estimates, coffee exports in 8/2020 reached 110 thousand tons, worth $ 197 million, down 0.03% in volume, but up 0.2% in value compared to July 2020, compared to the month. 8/2019 decreased 3.6% in volume and 0.02% in value. Generally for the first 8 months of 2020, coffee exports were estimated at 1.16 million tons, worth $ 1.98 billion, and down 1.3% in both volume and value over the same period in 2019.
According to VietnamBiz
