Pepper prices Last week, it decreased by VND 500 – 1,500 / kg to VND 40,000 – 44,000 / kg. In particular, Dong Nai province has the strongest decline and also the province with the lowest pepper price.
Gia Lai province also recorded a decrease of VND 1,500 / kg to VND 40,500 / kg. Only in Ba Ria – Vung Tau province, the price of pepper moved sideways at VND 44,000 / kg.
Price movements of pepper last week. Duc Quynh synthesized. Data: tintaynguyen.com
Sri Lankan spice producers have asked the Indian government to eliminate the minimum import price (MIP) for black pepper because Sri Lanka's spice exports to India have stalled. badly to domestic pepper prices.
“Although production is down, pepper prices cannot increase. In fact, pepper prices have actually fallen to 400 – 450 rupees this year.
This is the result of the Indian government imposing a minimum import price of 500 rupees per kilogram on Sri Lanka pepper, ”said Prins Gunasekera, former president of the Association of Traders, Pepper and Spice Growers. Sri Lanka said.
He said pepper exports have stalled due to India's unrealistic prices, which is a non-tariff barrier to trade.
Coffee prices last week
Coffee price Last week increased 400 – 600 VND / kg in the Central Highlands region to 32,700 – 33,800 VND / kg. In particular, the price of coffee in Kon Tum is the highest and also the province with the strongest increase. Coffee price in Lam Dong province is the lowest but also recorded an increase of VND 600 / kg.
The price of coffee delivered in Ho Chi Minh City Port increased by VND 500 / kg to VND 34,900 / kg.
Coffee price movements last week. Duc Quynh synthesized. Data: tintaynguyen.com
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.
According to VietnamBiz
