Pepper prices This week increased slightly in some localities. Accordingly, after inching 500 VND / kg, Ba Ria – Vung Tau province recorded the highest level of 53,500 VND / kg. Similarly, Binh Phuoc province also increased by 500 VND / kg to the threshold of 52,500 VND / kg.
Price volatility of pepper in the past week. Unit: VND / kg. Collection: Thao Vy
The world pepper market last week recorded mixed fluctuations. In the domestic market, Malabar black pepper was reported to have stabilized at US $ 4,462 / tonne.
Indonesia’s black and white pepper prices did not record new adjustments, reaching $ 2,429 / ton and $ 4,429 / ton respectively.
Meanwhile, in Malaysia, black and white pepper were traded at 2,487 USD / ton and 3,953 USD / ton, respectively, up 1% from last week.
In contrast, Sri Lankan black pepper, which reported a 1% deficit this week, now records an average of $ 2,603 / ton, International Pepper Community report.
Update coffee prices
Coffee price in the past week simultaneously increased 200 VND / kg. Specifically, in Lam Dong, Dak Lak, Gia Lai, Dak Nong, Kon Tum and HCMC. Currently, the highest purchasing level is 33,300 VND / kg in HCMC and the lowest is 31,300 VND / kg in Lam Dong province.
Coffee price fluctuations in the past week. Unit: VND / kg. Collection: Thao Vy
Rabobank said the impact of the COVID-19 epidemic on the import-export process has caused global coffee demand to decline by 2.1% by 2020. Meanwhile, the initial estimate is a 2.2% increase. .
It is forecasted that the global surplus in the period 2020-2021 will be 10.2 million bags, followed by 2.2 million bags in the 2021-2022 crop.
In the context of the pandemic still quite complicated, the demand for coffee in the market is currently uncertain. Therefore, coffee prices are forecast to increase only slightly in the near future The Grocer.
According to VietnamBiz
