From the page tinkaynguyen.com Last week, pepper prices in the Central Highlands provinces remained stable, while in Dong Nai it decreased by 500 VND / kg, bringing the price of raw materials in the South and Central Highlands to 47,000 – 50,000 VND / kg. The highest is in Ba Ria Vung Tau and the lowest is in Dong Nai.
In addition, pepper prices returned to a stable trend in the rest of the week, bringing pepper prices to an average of 48,000 VND / kg.
According to the estimate of the Import and Export Department, pepper exports in August reached 18 thousand tons, worth $ 45 million, down 0.1% in volume but up 0.3% in value compared to July, compared to July. 8/2019 decreased 4.6% in volume and 3% in value.
In the first 8 months of 2020, pepper exports reached 203 thousand tons, worth $ 445 million, down 7.4% in volume and 19.9% in value over the same period in 2019.
In August, the average export price of pepper was estimated at 2,500 USD / ton, an increase of 0.4% compared to July and an increase of 1.6% compared to August 2019.
In the first 8 months of 2020, the average export price of pepper was estimated at 2,198 USD / ton, down 13.5% over the same period in 2019.
Coffee prices turned to decrease by 200-300 VND / kg
In the past week, coffee prices fell back 200 VND / kg in Lam Dong, Dak Lak, Gia Lai and dropped 300 VND / kg in Kom Tum, Ho Chi Minh City currently prices are ranging from 32,900 – 35,200 VND / kg. In the Central Highlands region, the highest price in Dak Lak is 33,800 VND / kg and the lowest in Lam Dong is 32,900 VND / kg.
“The volatility of coffee prices is a big problem and the COVID-19 crisis has exacerbated that,” said Becky Forecast, supply chain manager at trade group Fairtrade.
Ms. Forecast added that the price changes make it difficult to plan ahead and offset costs, make the way Fairtrade does business, guarantees minimum prices for producers, etc. should be more important than ever.
“That assurance is not only important to the farmer but also the long-term sustainability of the coffee. If the farmer does not cover the production cost, there will be little incentive to continue cultivating ”.
The good news for coffee-producing nations is that most of the world’s largest coffee growers, including Brazil, were able to harvest their crops despite the COVID-19 crisis that slowed the process. transport.
According to VietnamBiz