Pepper prices Today, the Central Highlands has moved sideways in the range of VND 38,500 – VND 41,500 / kg. In particular, pepper prices in Dong Nai province are the lowest and highest in Ba Ria – Vung Tau.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,000 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 40,000 |
| BA RIA VUNG TAU | |
| – Text | 41,500 |
| BINH PHUOC | |
| – Text | 40,500 |
| DONG NAI | |
| – Text | 38,500 |
According to the report of the International Pepper Association (IPC), the average annual growth rate of the world demand for pepper is only about 2-3% / year, while the supply grows to 8-10%. /year.
IPC forecasts that in 2019, the world's total demand will reach only about 450 thousand tons, about 100,000 tons less than the total global pepper production. It is forecasted that in the coming time, domestic and world pepper prices will be unlikely to increase sharply due to oversupply pressure.
Update coffee prices
Coffee price Today in the Central Highlands region continued to increase 100 VND / kg to 33,200 – 33,600 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to giacaphe.com.
The price of coffee delivered to the port of Ho Chi Minh City increased 3 USD / ton to 1,469 USD / ton.
The price of robusta coffee delivered in January 2020 increased by 0.2% to 1,381 USD / ton. Price of arabica coffee delivered in December decreased 0.3% to 109 UScent / pound.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1.469 | Subtract: +125 | |||
 Dak Lak |
33,600 | +100 | |||
| Lam Dong | 33,200 | +100 | |||
| Gia Lai | 33,500 | +100 | |||
| Dak Nong | 33,500 | +100 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23.140 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Recently, the Ministry of Agriculture and Rural Development forecasted that coffee prices would remain stagnant until the end of this year due to Vietnam's new harvest, while Brazilian coffee inventories last year and this year still remain. Abundant and Brazilian still sold strongly because the Reais exchange rate fell at a rate that is beneficial to them.
Coffee exports in October 2019 were estimated at 87 thousand tons, valued at US $ 158 million, bringing the coffee export volume in the first 10 months of 2019 was estimated at 1.35 million tons and US $ 2.33 billion, down 14, 6% in volume and down 22.3% in value over the same period in 2018.
The average export price of coffee in the first 9 months of 2019 reached US $ 1,717 / ton, down 9.6% over the same period in 2018.
Germany and the US continue to be the two largest coffee consuming markets of Vietnam in the first 9 months of 2019 with market share of 13.3% and 8.6% respectively. In the first nine months of 2019, except for the two Philippines markets with a 15% increase in coffee export value, most of the main markets decreased compared to the same period in 2018.
In October 2019, world coffee prices fluctuated sharply. Compared to the previous month, the price of Robusta coffee delivered in November 2019 London market decreased 108 USD / ton to 1,212 USD / ton.
The price of coffee fell due to the current global supply of coffee, combined with a slowing world economy and widespread trade tensions. Domestic coffee market fluctuated sharply with the world market trend.
Compared to September 2019, the price of coffee in the Central Highlands provinces decreased by VND 1,900 -2,300 / kg to VND 30,800 – 31,300 / kg. The price of Robusta coffee FOB price delivered at the port of Ho Chi Minh City decreased 104 USD / ton to 1,366 USD / ton.
