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 |
Prices of export pepper in some producing countries are supported by seasonal factors (demand in winter increases).
However, the price of pepper is forecasted to be difficult to increase sharply in the coming time due to a larger supply than demand. According to the World Pepper Organization (IPC), global pepper production in 2019 will reach about 592,000 tons, demand about 450,000 tons.
Meanwhile, Vietnam is about to enter the harvest in 2020 with an area of about 100,000 hectares of pepper.
Update coffee prices
Coffee prices today in the Central Highlands plummeted 200-500 VND / kg ranged from 32,300 to 32,800 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Kon Tum and Dak Lak, according to tintaynguyen.com.
In particular, the common reduction is 500 VND / kg, recorded in the provinces of Lam Dong, Dak Lak and Gia Lai. Coffee prices in Dak Nong and Ho Chi Minh City decreased by VND 400 / kg.
Coffee prices at warehouses around the port of Ho Chi Minh City decreased VND 400 / kg to VND 34,100 / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha (Robusta) | 32,400 |
| – Bao Loc (Robusta) | 32,300 |
| – Di Linh (Robusta) | 32,300 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 33,000 |
| – Ea H’leo (Robusta) | 32,800 |
| – Buon Ho (Robusta) | 32,700 |
| GIA LAI | |
| – Chu Prong (Robusta) | 32,800 |
| – Pleiku (Robusta) | 32,700 |
| – Ia Grai (Robusta) | 32,700 |
| Dak Nong | |
| – Chiayi (Robusta) | 32,600 |
| – Dak R’lap (Robusta) | 32,600 |
| KON TUM | |
| – Dak Ha (Robusta) | 32,800 |
| HO CHI MINH | |
| – R1 | 34,100 |
The price of robusta coffee delivered in January 2020 decreased 1.6% to 1,403 USD / ton. Price of arabica coffee delivered in March 202020 decreased by 4.1% to 133.4 UScent / pound.
According to a US Department of Agriculture (USDA) report, Brazilian coffee production in 2019-2020 is expected to fall to 58 million bags. The Brazilian coffee industry will benefit more from the signing of the FTA.
Brazil's coffee production forecast for 2019-2020 is revised to 58 million 60 kg bags, due to lower production than previously expected in arabica coffee growing regions.
It is estimated that coffee export after exploitation has decreased to 35.32 million bags because the supply of coffee may be lower.
The instant coffee industry is expected to benefit directly from the Free Trade Agreement (FTA) signed in June last year by the European Union (EU) and the South American Market Community (Mercosur). ).
The Brazilian Soluble Industry Association (ABICS) forecasts sales growth of 35% after import duties were removed in the five-year period of the FTA.
The Ministry of Agriculture, Livestock and Supply (MAPA) has successfully intervened in the coffee industry and the Brazilian government has set up the Coffee Policy Advisory Council (CDPC) to set policies for the industry.
It is estimated that the amount of coffee in stock in 2019-2020 is 1.38 million bags, down 783,000 bags from the previous season due to the lower amount of coffee available in the current season.
According to VietnamBiz
