Pepper prices today throughout the Central Highlands and the South continued unchanged. For the whole region, pepper prices fluctuated between VND 36,000 / kg and VND 39,500 / kg, according to tintaynguyen.com. In particular, pepper prices in Dong Nai province are the lowest and highest in Ba Ria – Vung Tau.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 38,000 |
| GIA LAI | |
| – Chu Se | 36,500 |
| Dak Nong | |
| – Chiayi | 38,000 |
| BA RIA VUNG TAU | |
| – Average price | 39,500 |
| BINH PHUOC | |
| – Average price | 38,500 |
| DONG NAI | |
| – Average price | 36,000 |
According to the World Pepper Association (IPC), global pepper production in 2019 decreased after many years of sharp increase, 74,000 tons lower than in 2018. The main reason is that the planted area is shrinking and the weather is not. Advantages in Vietnam affect productivity. Even so, the global supply of pepper is still about 60,000 – 70,000 tons higher than demand.
It is forecasted that global pepper price will hardly recover in the short term due to abundant supply. India's pepper output in 2020 is forecast to reach about 61,000 – 62,000 tons, 30% higher than in 2019.
Update coffee prices
Today's coffee price in the Central Highlands region continued to fall by VND 100 / kg, ranging between VND 29,900 – VND 30,100 / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Nong according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City decreased 9 USD / ton to 1,292 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,292 | Subtract: +80 | |||
| Dak Lak | 30,000 | -100 | |||
| Lam Dong | 29,800 | -100 | |||
| Gia Lai | 30,100 | -100 | |||
| Dak Nong | 30,100 | -100 | |||
| pepper | 38,000 | 0 | |||
| USD / VND exchange rate | 23.170 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in May 2020 decreased by 1% to 1,209 USD / ton. Price of arabica coffee delivered in May 5/2020 down 1% to 102.8 UScent / pound.
Exports from Africa in the first four months increased by 9.5% to 4.38 million bags when shipments from the three largest producers in the region increased with exports of Uganda reaching 1.62 million bags, an increase of 10 % due to higher prices in December and more available coffee this season.
Uganda's coffee production in 2019-2020 is due to a few years ago, when the crop started to enter a favorable harvest and weather.
Shipments from Ethiopia increased 18.2% to 1.17 million bags and from Côte d’Ivoire increased 5.6% to 558,000 bags due to improved productivity. However, Tanzania's exports fell 1.6% to 393,000 bags.
In the first 4 months of the year, coffee exports of Asia and Oceania decreased by 5.4% to 12.21 million bags. Vietnam's exports decreased by 14.6% to 8.35 million bags because the low price of coffee made farmers reluctant to sell coffee, especially the abundant supply from other robusta producers.
According to VietnamBiz
