Pepper prices Today, the Central Highlands has been mixed. Accordingly, Gia Lai pepper price decreased by VND 500 / kg to VND 39,000 / kg. Meanwhile, Dong Nai pepper price increased by VND 1,000 / kg to VND 39,000 / kg.
For the whole Central Highlands region, pepper prices fluctuated between 39,500 and 42,500 VND / kg. In particular, the price of Ba Ria – Vung Tau pepper is highest at 42,500 VND / kg and the lowest in Dong Nai.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 41,500 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 41,500 |
| BA RIA VUNG TAU | |
| – Text | 42,500 |
| BINH PHUOC | |
| – Text | 41,500 |
| DONG NAI | |
| – Text | 39,000 |
According to the Ministry of Industry and Trade, 2019 is considered to be a very difficult year for Vietnam's pepper industry when prices fall, grow slowly over the same period. To improve competitiveness and take advantage of trade agreements, the pepper industry must innovate its growth model, focusing on quality right from the raw material stage to create high-quality products.
Vietnam currently has about 100,000 hectares of pepper for harvesting with an average yield of about 24.7 quintals / ha, equivalent to an output of about 247,000 tons. However, while pepper prices remain very low, production costs tend to increase, at least 10% compared to 2017.
This is also the reason that in the first 8 months of 2019, Vietnam, though exporting pepper reached 224,000 thousand tons, up 27.9% over the same period, but turnover decreased slightly by 2.1% and reached only 571 million USD. , due to 23.4% reduction in export prices.
Regarding pepper exports, in the period of 2012 – 2017, pepper exports achieved important results with an annual increase of 20% in exports, one of the key export items in the group of agricultural, forestry and fishery products. . The export market share of Vietnamese pepper has increased from 47% to 60% of the world market.
Update coffee prices
Coffee price Today, in almost all provinces in the Central Highlands region, it has fluctuated between VND 32,600 and VND 33,600 / 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 reached 1,466 USD / ton, up 1 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1.467 | Subtract: +150 | |||
 Dak Lak |
33,600 | 0 | |||
| Lam Dong | 32,600 | 0 | |||
| Gia Lai | 33,200 | 0 | |||
| Dak Nong | 33,300 | 0 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23.140 | -5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November increased by 0.2% to 1,319 USD / ton. The price of arabica coffee delivered in December decreased by 0.2% to 98.9 UScent / pound.
Manufacturing the coffee in South America is estimated to increase 4.9% to 81.13 million, including a revised production of one million bags of Brazil last month.
Output from Asia & Oceania increased by 4.1% to 48.68 million bags and from Africa increased by 2.9% to 18.21 million bags. Production in Mexico and Central America increased by only 0.4% to 21.72 million bags.
In July, coffee export the world increased by 9.5% to 11.34 million bags over the same period last year due to abundant supply and higher prices.
Global coffee exports in the first 10 months of 2018 – 2019 increased by 10.2% to 109.41 million bags. Shipments from Brazil increased 27.6% to 35.08 million bags and from Colombia increased 7.6% to 12.59 million bags while robusta exports increased 6.9% to 38.90 million bags.
Coffee exports from the remaining countries reached 22.83 million bags, down 3.7% compared to the first 10 months of 2017 – 2018.
In the first 10 months of this year, green coffee exports accounted for 91.3% of the total export volume amounting to 99.86 million bags.
