Pepper prices This week a sharp decrease in the surveyed localities. Provinces of Dak Lak, Dak Nong, Ba Ria – Vung Tau and Binh Phuoc both decreased by 1,500 VND / kg to about 52,000 – 53,000 VND / kg. Similarly, Gia Lai and Dong Nai decreased by 2,500 VND / kg and 3,000 VND / kg, respectively, currently recording the milestone of 50,000 VND / kg.
Price volatility of pepper in the past week. Unit: VND / kg. Collection: Thao Vy
Pepper market this week recorded mixed fluctuations. On the domestic market, Malabar black was reported to have a 1% deficit to $ 4,494 / million tons, according to the report. International Pepper Community.
Meanwhile, Indonesia’s black and white pepper prices increased by 1%, reaching an average threshold of $ 2,508 / million tons and $ 4,157 / million tons, respectively.
In Malaysia, black and white pepper also rose 1% this week, trading at $ 2,332 / million tons and $ 3,822 / million tons, respectively.
Similarly, Sri Lankan black pepper was reported to be up 2% from last week, currently being purchased around the average of 2,849 USD / million tons.
Update coffee prices
Coffee price in the past week, simultaneously went down. Kon Tum province reduced 1,000 VND / kg to 31,700 VND / kg. With a decrease of 1,200 VND / kg, Lam Dong, Dak Lak, Gia Lai and Dak Nong recorded a price range of 31,300 – 31,700 VND / kg. Similarly, HCMC decreased 1,400 VND / kg, currently purchasing at 33,100 VND / kg.
Coffee price fluctuations in the past week. Unit: VND / kg. Collection: Thao Vy
Mr. Floyd Green, Minister of Agriculture and Fisheries of Jamaica, is aiming to expand the scope of the Jamaican Blue Mountain Coffee brand to the international market. Parallel that is to continue to increase coffee production locally.
Mr. Green said that the ministry will create the best possible conditions for stakeholders to work closely together, including the Jamaica Coffee Exporters Association (JCEA), the Jamaican Agricultural Commodity Administration. (JACRA) and Jamaica Promotion Corporation (Jampro).
He added that Jamaica’s coffee exports in 2020 recorded a 12% increase. In the coming time, this country will increase exports and strive to achieve the growth target of 31% by 2025.
The Minister also expressed gratitude to the Japanese people for their interest in Jamaican coffee. Currently, Japan is the largest importer of coffee, accounting for about 70% of all Jamaica’s coffee exports, according to Jamaica Observer.
According to VietnamBiz
