Update pepper prices (December 14, 2019)

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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 statistics from the Russian Customs Agency, the country's pepper imports in the first 9 months of 2019 reached 7,211 tons, worth $ 18.38 million, up 22.6% in volume, but decreased. 6.4% in value compared to the first 9 months of 2018.

In particular, Russia mainly imports black pepper and white pepper that has not been crushed or crushed (HS 090411), accounting for 90% of the total volume in the first 9 months of 2019, reaching 6.5 thousand tons, up 20.5%. compared to the first 9 months of 2018.

The average import price of Russian pepper in the first 9 months of 2019 reached US $ 2,549 / ton, down 23.6% over the same period in 2018.

In particular, the average import price of Russian pepper from some sources reached a high level, such as Germany reached 7,416 USD / ton; Poland reached 5,742 USD / ton; Indonesia reached 3,648 USD / ton.

Update coffee prices

Today's coffee price in the Central Highlands region continued to plummet to VND 600 / kg on a large scale, ranging from VND 32,500 to VND 32,800 / 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 decreased 36 USD / ton to 1,573 USD / ton.

Domestic coffee prices

TT human bucket Average price Change
FOB (HCM) 1,537 Subtract: +120
Coffee priceDak Lak 32,800 -600
Lam Dong 32,500 -600
Gia Lai 32,800 -600
Dak Nong 32,900 -600
pepper 41,000 0
USD / VND exchange rate 23.110 -ten
Calculation unit: VND / kg | FOB: USD ($) / ton

The price of robusta coffee delivered in January 2020 decreased 1.6% to 1,412 USD / ton. Price of arabica coffee delivered in March 2020 decreased by 1% to 134.5 UScent / pound.

Indian coffee production decreased to 5.16 million bags (60 kg) in 2018-2019. Heavy rains of the southwest monsoon and the northeast monsoon resulted in lower yields for the arabica coffee crop.

The export forecast is revised down by 2% to 5.71 million bags of 60 because the price of Indian coffee is significantly higher than other countries in the world market.

Forecast of coffee production in 2019 – 2020 will decrease slightly to 5.16 million bags (equivalent to 309,600 tons). Arabica coffee production is estimated at 1.25 million bags (75,000 tons) and robusta coffee at 3.91 million bags (234,600 tons).

The Indian government does not stockpile any amount of coffee, which all belongs to the producers or traders.

According to data from the Indian Coffee Board, domestic farm prices are still much higher than last year.

Although farmers expect prices to be higher than expected, there is a government incentive to limit stockpiles too high as production in other major producing countries is likely to lower international prices, which will affect. Directly to domestic prices.

According to VietnamBiz

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