Pepper prices Today continued to decrease by VND 500 / kg in the two provinces of Ba Ria – Vung Tau and Binh Phuoc. In the Central Highlands region, prices for pepper fluctuate between VND 40,000 – VND 43,000 / kg. In particular, the price of Ba Ria – Vung Tau pepper is the highest at 43,000 VND / kg and the lowest in Dong Nai.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 42,000 |
| GIA LAI | |
| – Chu Se | 40,500 |
| Dak Nong | |
| – Chiayi | 42,000 |
| BA RIA VUNG TAU | |
| – Text | 43,000 |
| BINH PHUOC | |
| – Text | 42,000 |
| DONG NAI | |
| – Text | 40,000 |
According to MARD, in recent years, our country's pepper area has increased rapidly. In 2001, the whole country had over 35 thousand hectares, but by 2010 it had increased to 51 thousand hectares. The area continued to increase sharply and by 2019, it will be about 140 thousand hectares.
According to the Ministry of Agriculture and Rural Development, Vietnam is the world's leading country in producing and exporting pepper, accounting for over 40% of the production and over 60% of the world market share of pepper.
Vietnam is exporting pepper to 105 countries and territories around the world. In particular, the US consumes large quantities of about 27 thousand tons. In 2016, the export turnover of pepper reached a record of US $ 1.4 billion and in the first 6 months of this year, the pepper export turnover was about US $ 463 million.
According to Le Van Duc, Deputy Director of the Department of Crop Production (Ministry of Agriculture and Rural Development), Vietnam's pepper production industry has not been sustainable due to the rapid increase in the area, especially in hot areas in irrelevant areas.
According to the planning in Decision No. 1442 / QD-BNN-TT 2014 of the Ministry of Agriculture and Rural Development, by 2020 with a vision to 2030, the area of pepper nationwide is about 50,000 hectares. However, up to now, the pepper area has increased to 140,000 ha.
Update coffee prices
Coffee price Today, in most provinces in the Central Highlands region, VND 400 / kg decreased, around VND 32,200 – 33,100 / 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 decreased by 19 USD to 1,460 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,460 | Backward: +160 | |||
 Dak Lak |
33,100 | -400 | |||
| Lam Dong | 32,200 | -400 | |||
| Gia Lai | 32,800 | -400 | |||
| Dak Nong | 32,800 | -400 | |||
| pepper | 42,000 | 0 | |||
| USD / VND exchange rate | 23,160 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November decreased 1.6% to 1,298 USD / ton. Price of arabica coffee delivered in December decreased 1.5% to 98.8 UScent / pound.
Density coffee export Brazil to Arab countries currently reaches 4.2%. As of August this year, Brazilian coffee export value reached 134 million USD, up 14.3%, and price on average each bag increased 14.3% compared to last year, according MenaFN.
Overall, Brazilian coffee exports have reached the highest level in the last 5 years. Exports amounted to 27 million bags, up 30.8% and export value reached US $ 3.4 billion, up 7.3% from the previous year.
“It is worth noting that in the first 5 months of this year, import volume has increased by 30% compared to the same period last year. This means that Brazilian coffee has gained market share abroad, ”said Cecafé President Nelson Carvalhaes, in a press release.
In August 2019 alone, Brazil exported 3.2 million bags of coffee, down 9.5% compared to the same period last year. Sales also fell 19.2% to $ 398.4 million. The average price in August reached 124.2% USD, down 10.8% compared to 2018.
In July, arabica coffee accounting for 75.8% of export volume with 2.4 million bags while robusta coffee accounting for 14.4% with 462,000 bags and instant coffee accounting for 9.8% of total exports with 314,000 bags.
According to VietnamBiz
