Pepper prices Today, in the Central Highlands and the South, all increased by VND 500 – 1,000 / kg. In particular, the provinces of Gia Lai and Dong Nai recorded an increase of 1,000 VND / kg.
For the whole region, pepper prices ranged from 40,000 to 42,000 VND / kg, of which the highest was in Ba Ria – Vung Tau and the lowest in Dong Nai.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,500 |
| GIA LAI | |
| – Chu Se | 40,000 |
| Dak Nong | |
| – Chiayi | 40,500 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 40,000 |
Domestic and international pepper prices are forecasted to be unlikely to increase sharply in the coming time due to oversupply pressure.
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.
Update coffee prices
Coffee price Today in the Central Highlands region, the VND 500 / kg decreased to about VND 32,800- 33,100 / kg. In particular, coffee prices in Dak Lak province are the highest and lowest in Lam Dong.
Price of coffee delivered to Ho Chi Minh City port decreased 35 USD / ton to 1,497 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,497 | Subtract: +125 | |||
| Dak Lak | 33,100 | -500 | |||
| Lam Dong | 32,800 | -500 | |||
| Gia Lai | 33,000 | -500 | |||
| Dak Nong | 33,100 | -500 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23.140 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in January 2020 decreased by 2.5% to 1,363 USD / ton. The price of arabica coffee delivered in December decreased 0.4% to 105.7UScent / pound.
The latest report of the World Coffee Organization (ICO) shows that the overall price index continued to decline in October to 97.35 US cents / pound.
Accordingly, the ICO price index fell 0.4% from September to 97.35 US cents / pound in October.
The index ranged from 93.63 to 101.56 US cents / pound for the month, and exceeded 100 US cents / pound on October 1, October 3 and October 31.
The market is being fully supplied when Brazil has completed the crop year blind season 2019 – 2020, filling the gap before production from producers in the period of October 2018 – September 2020 is launched. market.
Prices of index groups, excluding Colombian arabica coffee group, dropped in October.
In particular, the price of Colombian arabica coffee group has increased slightly by 0.1% to 132.09 US cents / pound, while the arabica coffee group from other countries fell 1.5% to 126.99 US cents.
Thus, the price difference between the group of Colombian arabica coffee and from other countries increased by 69.4% to 5.1 US cents / pound.
