Also according to tintaynguyen.com, prices of raw materials in Central and Central Highlands fluctuated in opposite directions.
In particular, the price of pepper in Gia Lai increased VND 1,000 / kg to VND 53,000. In contrast, in Dak Lak, Dak Nong and Vung Tau, pepper prices decreased marginally by VND 500 / kg to VND 54,000 – VND 55,500 / kg.
Particularly in Binh Phuoc and Dong Nai, prices were unchanged at VND 54,000 – VND 55,000 / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 54,000 |
| GIA LAI | |
| – Chu Se | 53,000 |
| Dak Nong | |
| – Chiayi | 54,000 |
| BA RIA VUNG TAU | |
| – Average price | 55,500 |
| BINH PHUOC | |
| – Average price | 55,000 |
| DONG NAI | |
| – Average price | 54,000 |
In India, the local demand for spices seems to be increasing thanks to a report promoting the ayurvedic method (a traditional Hindu medicine system originating from India) to deal with the COVID-19 epidemic. , follow The Hindu BusinessLine.
This has begun to encourage various states to encourage the use of pepper, ginger, cloves, cinnamon, etc. for ayurvedic formulas to treat pandemics, which is expected to increase demand for pepper during the days. Come, Mr. Kishore Shamji of Kishor Spices said.
The market may record price fluctuations once industrial demand increases. Meanwhile, demand for pepper from the Karnataka border area is increasing.
Update coffee prices
According to tintaynguyen.com, the price of coffee raw material recorded the only change in Kon Tum, down slightly VND 300 / kg to VND 30,900.
In other localities, prices have not changed compared to the previous week, fluctuating in the range of VND 30,600 – 31,300 / kg.
Price of coffee delivered at the port of Ho Chi Minh City also unchanged at 32,600 VND / kg.
| The provincial
/ district (survey area) |
Purchase price
VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha ROBUSTA | 30,700 |
| – Bao Loc ROBUSTA | 30,700 |
| – Di Linh ROBUSTA | 30,600 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 31,300 |
| – Ea H’leo ROBUSTA | 31,100 |
| – Buon Ho ROBUSTA | 31,100 |
| GIA LAI | |
| – Chu Prong ROBUSTA | 30,900 |
| – Ia Grai ROBUSTA | 31,000 |
| – Pleiku ROBUSTA | 31,000 |
| Dak Nong | |
| – Dak R’lap ROBUSTA | 30,900 |
| – Chiayi ROBUSTA | 31,000 |
| KON TUM | |
| – Dak Ha ROBUSTA | 30,900 |
| HO CHI MINH | |
| – R1 | 32,600 |
On the world market, the price of coffee delivered in futures on New York and London exchanges dropped last weekend. In particular, the price of robusta coffee delivered in London on July decreased 0.68% to 1,169 USD / ton, while the price of arabica coffee delivered in New York in July decreased by 2.83% to 96.3 US cent / pound.
In India, the survival strategy of Wayanad coffee farmers is to overcome fragments of the export market because the COVID-19 epidemic has met initial success, with the first consignment of coffee being exported to The Bay Area by farmers of the Brahmagiri Social Development Cooperative.
Wayanad is India's leading coffee-growing state, according Times of India.
Specifically, 5 tons of quality coffee with the Wayanad brand of coffee were shipped to Kuwait via Cochin port. The export activity of the Brahmagiri Social Development Cooperative takes place a month after they start buying coffee from farmers.
In addition, the cooperative, with about 13,000 members in Wayanad, has begun to take steps for 1,200 farmers in 6 localities to receive organic certification to improve their products in the export market.
Coffee growers here have been hit hard by falling prices, in part because there was no demand from major export markets after the outbreak of COVID-19.
According to VietnamBiz
