Pepper prices today in the Central Highlands and the South moved sideways, ranging between 40,000 – 42,000 VND / kg. In particular, pepper prices in Dong Nai and Gia Lai provinces are the lowest and highest in Ba Ria – Vung Tau, according to tintaynguyen.com.
According to the The Hindu Business Line, Piyush Goyal, India's Minister of Industry and Trade, said a number of cases involving smuggling of low-price black pepper from other origins to India, across the border of Nepal and Bangladesh, have been recorded.
In this regard, Customs and the General Department of Revenue Intelligence were alerted and alerted at the entry point in the port to detect and prevent the entry of poor quality pepper from other countries. India.
Customs has also arrested a number of recent cases of trying to smuggle pepper.
At the request of the Government, the Sri Lankan government has launched a new process to prevent certification of origin for third country black pepper shipments to India.
Update coffee prices
Today's coffee price in the Central Highlands region has suddenly increased by VND 800 / kg on a large scale, fluctuating between VND 33,400 and VND 33,800 / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City increased 44 USD to 1,573 USD / ton.
Price of robusta coffee delivered in January 1/2020 increased by 5% to 1,483 USD / ton. Price of arabica coffee delivered in March 2020 increased by 2.5% to 130.6 UScent / pound.
According to a report from the World Coffee Organization (ICO), Honduras – the largest Arabica coffee producer in Central America and the fourth largest in the world – saw shipments decrease 25.8% to 74,980 bags. In addition to falling prices, harvesting in the country is affected by rising pest incidence as well as ongoing drought leading to a national emergency in September.
Elsewhere in the region, Costa Rica exports fell 66.2% to 11,853 bags, the lowest monthly export since August 1980. The decline is expected to continue in November when the country is reeling from the recent coffee leaf rust.
The ICO maintains a preliminary forecast of a global deficit of about 502,000 bags in 2019-2020. Despite slowing growth, consumption is expected to surpass production throughout the year.
Most of the growth in consumption is expected to come from Asia & Oceania. On the production side, poor year-end arabica coffee crops in Brazil coupled with unfavorable weather in Central America and Asia may affect prices in the coming weeks.
However, the impact of these factors could be reduced due to the recent decline in Brazilian real as well as the upcoming main Brazilian crop.
According to VietnamBiz
