Pepper prices today in the Central Highlands and the South moved sideways, ranging between 40,000 – 42,500 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.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 41,000 |
| GIA LAI | |
| – Chu Se | 40,000 |
| Dak Nong | |
| – Chiayi | 41,000 |
| BA RIA VUNG TAU | |
| – Text | 42,500 |
| BINH PHUOC | |
| – Text | 41,500 |
| DONG NAI | |
| – Text | 40,000 |
According to the The Hindu Business Line, Piyush Goyal, India's Minister of Industry and Trade, said the price of Indian black pepper has decreased in the past three years mainly due to lower international prices, high production and supply of pepper in the international market, and also due to imports. Pepper from other countries into India increased.
The Minister's report showed that domestic black pepper prices averaged 694.77 rupees per kg in 2016-2017; 473.73 rupees / kg in the 2017-18 season and at a price of 378.21 ruppee / kg in the 2018-2019 season in Kochi.
Referring to the International Pepper Community's data, Mr. Goyal said that the demand for black pepper in the domestic market has increased over the past 3 years. Domestic consumption stood at 55,000 tons in 2017, 56,000 tons in 2018 and is estimated to reach 57,000 tons in 2019.
Production of black pepper in India stood at 62,080 tons in the 2016-2017 period and 71,488 tons in the 2017-2018 season and 62,425 tons in the 2018-2019 crop, Mr. Goyal added.
Update coffee prices
Coffee prices today in the Central Highlands region down 500 VND / kg on a large scale, ranging between 32,700 – 33,100 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Nong, according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City increased 44 USD to 1,573 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,547 | Subtract: +120 | |||
| Dak Lak | 33,000 | -500 | |||
| Lam Dong | 32,700 | -500 | |||
| Gia Lai | 33,000 | -500 | |||
| Dak Nong | 33,100 | -500 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23.120 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in January 2020 decreased by 5% to 1,419 USD / ton. Price of arabica coffee delivered in March 2020 increased by 1.5% to 134.4 UScent / pound.
To implement the “Plan 2030”, Colombia will also renovate additional plantations and establish additional hedging options in times of low prices, according to Reuters.
The country of the Andean community will end in 2019 with the harvest of about 14 million bags of 60 kg coffee. However, during this period, Colombia faced a crisis due to the second consecutive year of low international coffee prices.
The income of coffee growers is lower than production costs, reaching 225 USD / 125 kg of coffee, but in recent months, the income has increased to 286 USD / 125 kg, at a price of 1.24 USD / pound at New York Stock Exchange.
Colombian President Ivan Duque said at the closing of the annual coffee growers' meeting: “Take advantage of current prices and generate revenue for the future because the current prices are very good.”
The president argues that the revenues of future harvests by taking advantage of current prices and by using market tools will ensure sustainability for coffee producers and protect them. from the price drop.
