Pepper prices Last week decreased 1,000 VND / kg in the provinces of Gia Lai, Dak Nong, Ba Ria – Vung Tau, Binh Phuoc. For the whole week, pepper prices ranged from 39,000 to 41,500 VND / kg. Which is the lowest in Gia Lai province and the highest in Ba Ria – Vung Tau.
Price movements of pepper last week. Data: tintaynguyen (General assessment)
In the first 20 days of September, prices of black and white pepper exports fluctuated in a downward trend. For black pepper grade 500g / l and 550g / l, the export price decreased by 1.3% compared to September 10, to US $ 2,200 / ton and US $ 2,265 / ton, compared to August 30, 2019. decreased by 3.1% and 3.0% respectively.
Export price of white pepper decreased by 0.9% compared to September 10, to US $ 3,350 / ton, compared with August 30, 2019, down 2.0%.
Global pepper market continues to face oversupply pressure. According to the International Pepper Association (IPC), the world demand for pepper is about 510,000 tons / year and the average growth rate of 2-3% / year, while production increases 8-10% / year.
Coffee prices last week
Last week, the price of coffee dropped by VND 300-500 / kg in the Central Highlands region to VND 33,200 – VND 33,500 / kg. In particular, the price of coffee in Kon Tum province dropped slightly at 300 VND / kg to 33,500 VND / kg. Coffee price In Gia Lai province, the largest drop was 500 stations / kg to 32,700 VND / kg.
Coffee price in Ho Chi Minh City port last week decreased VND 300 / kg to VND 34,600.
Coffee price movements last week. Data: tintaynguyen (General assessment)
Follow Bloomberg, Vietnam's export volume of coffee is tending to go down due to reduced inventories and low prices, making farmers reluctant to sell.
According to statistics from the General Department of Customs, coffee export in the first half of September reached 38,7000 tons, worth more than US $ 67.9 million, down 35.1% in volume and down 34.3% in value compared to the last 15 days of August.
Accumulated from the beginning of the year to the middle of September, coffee export reached over 1.2 million tons, valued at over 2 billion USD, down 12.6% in volume and 21.5% in value over the same period last year. 2018.
In the same period, the average export price of coffee reached $ 1,711 / ton, down 10.2% over the same period in 2018.
Coffee farmers and traders may be holding about 5% of the coffee crop during the season, or 85,000 tons as of mid-September, according to a survey conducted by Bloomberg.
Answer interview sheet BloombergLe Tien Hung, Managing Director of Simexco Dak Lak, said coffee exports are likely to decline in the coming month.
According to VietnamBiz
