Pepper prices today throughout the Central Highlands and the South unchanged, ranging between 37,000 – 39,500 VND / kg. In particular, the highest pepper price recorded in Ba Ria – Vung Tau and the lowest in Gia Lai, Dong Nai, according to tintaynguyen.com.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 38,000 |
| GIA LAI | |
| – Chu Se | 37,000 |
| Dak Nong | |
| – Chiayi | 38,000 |
| BA RIA VUNG TAU | |
| – Average price | 39,500 |
| BINH PHUOC | |
| – Average price | 38,500 |
| DONG NAI | |
| – Average price | 37,000 |
In 2020, the oversupply situation is forecast to continue, putting pressure on pepper prices. Global pepper price is expected to remain low in the first 6 months of 2020. In 2020, the pepper growing area from 2016 – 2017 in major producing countries is the time to harvest with high yields.
However, by the end of 2020, the price of pepper may recover when the supply and demand return to the equilibrium level, many businesses increase their stockpiling. In addition, increased quality of pepper and increased labor costs will also contribute to push pepper prices.
According to the International Pepper Association (IPC), in 2019, global pepper production is estimated to decrease after many years of increase, 74,000 tons lower than in 2018.
The main reason is due to unfavorable weather in Vietnam affecting productivity. However, the global supply of pepper is still about 60,000 – 70,000 tons higher than demand.
Update coffee prices
Coffee prices today in the Central Highlands region. Only Dak Lak province recorded the price of coffee down VND 100 / kg to VND 31,400 / kg. For the whole region, the price of coffee fluctuated between 31,100 and 31,500 VND / kg. In particular, coffee prices in Lam Dong province are the lowest and highest in Dak Lak and Kon Tum according to tintaynguyen.com.
Coffee prices at warehouses around the port of Ho Chi Minh City were unchanged at VND 32,900 / kg.
| The provincial
/ district (survey area) |
Purchase price
VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha ROBUSTA | 31,100 |
| – Bao Loc ROBUSTA | 31,100 |
| – Di Linh ROBUSTA | 31,000 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 31,600 |
| – Ea H’leo ROBUSTA | 31,400 |
| – Buon Ho ROBUSTA | 31,400 |
| GIA LAI | |
| – Pleiku ROBUSTA | 31,400 |
| – Chu Prong ROBUSTA | 31,300 |
| – Ia Grai ROBUSTA | 31,400 |
| Dak Nong | |
| – Dak R’lap ROBUSTA | 31,300 |
| – Chiayi ROBUSTA | 31,400 |
| KON TUM | |
| – Dak Ha ROBUSTA | 31,500 |
| HO CHI MINH | |
| – R1 | 32,900 |
The price of robusta coffee delivered in March 2020 decreased by 0.1% to 1,255 USD / ton. The price of arabica coffee delivered in March 2020 increased by 1.5% to 110 UScent / pound.
Kenyan Agriculture Minister Professor Hamadi Boga said the reforms would involve private sector participation in improving foreign exchange plays an important role for Kenya. KBC News (Kenya Broadcasting Corporation).
The coffee industry in Kenya continues to face difficulties when coffee farmers turn to other crops to serve economic activities.
Cases of coffee theft and marketing problems have negatively affected the coffee industry, but that is changing thanks to new strategies introduced by the Kenyan government to reform production of the crop. .
Speaking at Mombasa during the 18th African Fine Coffees Conference and Exhibition, Professor Boga said the government is implementing a comprehensive reform program with key strategies including promoting production and increasing consumption. Coffee consumption in the country.
Kenya now produces 44,000 tons of coffee, far less than the 140,000 tons it produced annually in the late 1980s.
According to VietnamBiz
