Pepper price decreased by VND 500 / kg (September 19, 2019)

Pepper prices Today VND 500 / kg decreased in Dak Lak and Dak Nong provinces to VND 42,000 / kg. For the whole Central Highlands region, pepper prices fluctuated between 40,500 and 43,500 VND / kg according to tintaynguyen.com. In particular, the highest pepper price recorded in Ba Ria – Vung Tau, the lowest in Gia Lai.

The export volume of pepper in August 2019 is estimated at 20 thousand tons, with a value of US $ 50 million, bringing the export volume of pepper in the first 8 months of 2019 is estimated at 220 thousand tons, equivalent to US $ 561 million, an increase of 27.4 % in volume but down by 3.8% in value over the same period in 2018.

The largest export markets for Vietnam's pepper in the first 7 months of 2019 were the US, India, Germany, Pakistan and the Netherlands with a 36.8% market share. The average export price of pepper in the first 7 months of 2019 reached 2,556 USD / ton, down 24.5% over the same period in 2018.

While pepper exports to most markets decreased in value, due to the impact of the downward trend in the global market, pepper exports to the German market increased sharply in both volume and value.

Specifically, in the first 7 months of 2019, pepper exports to Germany reached 8 thousand tons, equivalent to 23.4 million USD, up 53.3% in volume and 14.4% in value over the same period in 2018. Germany increased imports of pepper to cater to the growing pepper processing industry in the country.

Although German pepper consumption has started to decline since 2013, German pepper imports have increased by about 4% per year between 2014-2018.

Update coffee prices

Coffee price Today in most provinces in the Central Highlands region increased by VND 100 / kg, ranging between VND 32,600 – VND 33,500 / kg. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according to giacaphe.com.

Coffee price around Ho Chi Minh City port increased by 6 USD to 1,479 USD / ton.

Domestic coffee prices

TT human bucket				Average price	Change
FOB (HCM)				1,479	Backward: +160
Dak Lak				33,500	+100
Lam Dong				32,600	+100
Gia Lai				33,200	+100
Dak Nong				33,200	+100
pepper				42,000	0
USD / VND exchange rate				23,160	-20
Calculation unit: VND / kg | FOB: USD ($) / ton

Price of robusta coffee delivered in November decreased 0.4% to 1,319 USD / ton. The price of arabica coffee delivered in December decreased 4% to 100.4 UScent / pound.

In the state of Sao Paulo (Brazil), a giant harvest machine is walking through the coffee garden of Mr. Julio Rinco, covering the whole trunk and shaking vigorously to the coffee beans to fall on the conveyor of the machine.

This automated coffee-harvesting machine is one of the initiatives to reduce Mr. Rinco's production costs to a level that few plant owners are using compared to traditional labor-intensive harvesting methods. .

Thanks to the increasing use of mechanization and other new technologies, the two manufacturers the coffee Leading the world, Vietnam and Brazil, are recording productivity growth far beyond competitors such as Columbia, Central America and Africa.

According to analysts, the decline in world coffee prices in recent months, to the lowest level in 13 years, has started to cause a great shake in the market. There, only the most efficient coffee producers can thrive.

Follow Reuters, other competing coffee producers in the world are more and more likely to be marginalized and unable to earn income from this crop. Some people have switched to alternative crops, while others have completely abandoned their farms.

“Vietnam's and Brazil's productivity is growing steadily, while other countries are not,” said Jeffrey Sachs, director of the Center for Sustainable Development (University of Comlumbia).

According to VietnamBiz