Pepper prices Last week sideways in most provinces in the Central Highlands, ranging from 39,000 to 42,000 VND / kg of which the lowest in Dong Nai and the highest in Ba Ria – Vung Tau. Only in Dong Nai province has the pepper price decreased by VND 1,000 / kg from the beginning of the month to VND 39,000 / kg.
Price movements of pepper last week. Duc Quynh synthesized
According to information from the Vietnam Trade Office in Myanmar, Ngwe Galon Min Company of Myanmar (Ngwe Galon Min Co., Ltd; address: 446/447, Konzedan Street, Thein Gyi Zay (A) Yone, Pabedan Tsp, Yangon) has been put on the watch list and recommended by Myanmar Customs for pepper shipments imported by the above-said enterprise but without receiving the goods, it will not be facilitated for re-export to Vietnam and will start to fight. price, confiscation of funds.
Previously, a number of Vietnamese enterprises that exported white and black pepper to Myanmar during the period from mid-2018 to early 2019 were regularly receiving goods from businesses such as Ngwe Galon Min Co., Ltd., (importer). export) refuse to carry out procedures for receiving goods with the reason: financial difficulties, quality of pepper is not guaranteed …
Coffee prices last week
Coffee price Last week, it decreased in most provinces in the Central Highlands region, ranging from VND 30,800 – VND 31,500 / kg. Accordingly, the prices of coffee in Dak Lak, Dak Nong and Kon Tum provinces decreased by VND 100 – 200 / kg compared to the beginning of the week, down to VND 31,200 – 31,500 / kg. Only Gia Lai province recorded a price increase of VND 100 / kg to VND 31,200 / kg
The price of coffee knife coming to Ho Chi Minh City port decreased by VND 200 / kg to VND 32,700 / kg.
Coffee price movements last week. Data: tintaynguyen.com. Duc Quynh synthesized
According to the World Coffee Organization (ICO), it is estimated that global coffee production in the 2018/19 crop increased by 3.7% to 168.87 million bags. Production increased in all regions except Mexico and Central America. South America's coffee production is estimated to increase by 4.8% from the previous crop, to 80.95 million bags in the 2018/19 crop.
Output in Asia and Oceania increased by 4.6% to 48.46 million bags; production in Africa increased by 1.9% to 17.99 million bags. Coffee reserves in some major markets like the US continue to rise.
According to the Green Coffee Association, as of the end of September 2019, total coffee inventories across the US increased by 127,925 bags (60 kg bags) compared to the end of August 2019, to 7.4 million bags.
According to VietnamBiz
