Pepper prices Last week increased VND 500 / kg in the two provinces of Ba Ria – Vung Tau and Binh Phuoc to 41,500 – 40,500 respectively. The remaining provinces pepper prices unchanged.
Price movements of pepper last week. Data: tintaynguye.com, summarized: ĐQ
According to statistics from the General Department of Customs, in September 2019, the export of pepper reached 15 thousand tons, worth US $ 37.08 million, down 20.3% in volume and 20.1% in value compared to the In August 2019, compared to September 2018, it decreased by 13.9% in volume and by 26.8% in value.
In the first 9 months of 2019, export of pepper reached 233.4 thousand tons, worth US $ 593.41 million, up 21.1% in volume, but down 6.4% in value compared to the first 9 months. 2018.
In September 2019, the average export price of pepper reached $ 2,464 / ton, up 0.2% compared to August 2019, but down 15% compared to September 2018.
Coffee prices last week
Coffee price last week increased sharply 1,400 – 1,500 VND / kg ranged from 32,200 – 33,000 VND / kg of which the highest in Kon Tum and the lowest in Lam Dong.
In the past week, the prices of coffee in Dak Lak and Kon Tum increased most sharply by VND 1,500 / kg to VND 32,700 / kg and VND 33,000 / kg.
Coffee price movements last week. Data: tintaynguyen.com. Summary: ĐQ
Trading funds are short selling on exchanges while the actual coffee market doesn't have enough supply and demand for coffee remains high, according to Bloomberg.
Mr. Lucio Dias, Commercial Director of Minas Gerais-based Cooxupe Cooperative (Brazil), said that the international market will face a shortage of supply in the next 6 months.
According to initial estimates, Cooxupe will buy about 5.7 million bags of arabica coffee, which is favored by Starbuck, this year but in fact the purchased coffee is only 4.9 million bags.
About 65% of that is sold and farmers usually hold up to 20%. Although shipments from Brazil increased to a record, global inventories are declining.
