Pepper price increased by VND 500 / kg (October 18, 2019)

Rate this post

Pepper prices Today increased by VND 500 / kg in Gia Lai and Ba Ria-Vung Tau provinces to VND 40,000 and VND 42,000 / kg respectively.

For the whole region, pepper prices ranged from 40,000 to 42,000 VND / kg, of which the highest was in Ba Ria – Vung Tau and lowest in Gia Lai and Dong Nai provinces.

Province / district (survey area) Purchasing price Unit: VND / kg
DAK LAK
– Ea H’leo 40,500
GIA LAI
– Chu Se 40,000
Dak Nong
– Chiayi 40,500
BA RIA VUNG TAU
– Text 42,000
BINH PHUOC
– Text 41,000
DONG NAI
– Text 40,000

According to calculations from the US International Trade Commission's statistics, Vietnam is the largest source of pepper for the US in the first 8 months of 2019, reaching 38.7 thousand tons, worth 113.37 million USD, up 22.6% in volume, but down 8% in value over the same period in 2018.

Vietnam's pepper market share in total US imports increased from 63.6% in the first 8 months of 2018, to 67.3% in the first 8 months of 2019.

US pepper imports from India in the first 8 months of 2019 reached 4.7 thousand tons, valued at US $ 20.37 million, up 50.7% in volume and 5.1% in value over the same period. India's pepper market share in total US imports increased from 6.3% in the first 8 months of 2018, to 8.2% in the first 8 months of 2019.

In contrast, US pepper imports from Brazil in the first 8 months of 2019 reached 7.4 thousand tons, worth US $ 17.41 million, down 11.2% in volume and down 43.5% in value compared to The first 8 months of 2018.

The share of Brazilian pepper in the total US imports dropped sharply from 16.8% in the first 8 months of 2018, to 12.9% in the first 8 months of 2019.

Update coffee prices

Coffee price Today in the Central Highlands region plummeted VND 300 / kg, ranging between VND 30,700 – VND 31,100 / kg. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according to giacaphe.com.

Coffee price around HCMC port decreased by 13 USD / ton to 1,377 USD / ton.

Domestic coffee prices

TT human bucket Average price Change
FOB (HCM) 1,377 Subtract: +150
Coffee priceDak Lak 31,100 -300
Lam Dong 30,700 -300
Gia Lai 30,900 -300
Dak Nong 31,000 -300
pepper 40,500 0
USD / VND exchange rate 23.145 +5
Calculation unit: VND / kg | FOB: USD ($) / ton

Price of robusta coffee delivered in November decreased 1.2% to 1,196 USD / ton. The price of arabica coffee delivered in December decreased 1.1% to 92.5 UScent / pound.

According to statistics from the Indian Trade Commission, the country's coffee imports in the first 8 months of 2019 reached 53,282 tons, worth US $ 75.70 million, down 9.2% in volume and down 21.8 % in value compared to the first 8 months of 2018.

The average import price of Indian coffee in the first 8 months of 2019 reached US $ 1,421 / ton, down 13.8% compared to the same period in 2018. In particular, the average import price of Indian coffee from Vietnam reaching 1,444 USD / ton, down 12.9%; Kenya reached 1,340 USD / ton, down 8.8%; Indonesia reached 1,374 USD / ton, down 28.4%.

Notably, the average import price of Indian coffee from some sources of supply reached a high level, such as Colombia reaching 3,188 USD / ton; Finland reached 2,500 USD / ton.

Vietnam is the largest coffee supply for India in the first 8 months of 2019, reaching 30.57 thousand tons, worth US $ 44.1 million, down 26.1% in volume and 35.7% in value. compared to the first 8 months of 2018.

Vietnam's coffee market share in total import volume of India decreased from 70.5% in the first 8 months of 2018, to 57.4% in the first 8 months of 2019.

According to VietnamBiz

Leave a Reply

Your email address will not be published. Required fields are marked *