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.
| The provincial
/ district (survey area) |
Purchase 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 Ministry of Commerce of India, Indonesia is the second largest source of pepper for India, reaching 4.7 thousand tons, worth 11.96 million USD in the first 10 months of 2019, up 93 , 1% in volume and up 4.2% in value compared to the first 10 months of 2018.
Market share of Indonesian pepper in total Indian imports increased from 11.6% in the first 10 months of 2018, to 18.8% in the first 10 months of 2019.
Notably, India increased sharply import pepper from markets including: Brazil increased by 137.7%, reaching 2.7 thousand tons; Ecuador increased by 20.2% to 710 tons; Malaysia increased by 330%, reaching 215 tons.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,405 | Subtract: +70 | |||
| Dak Lak | 31,300 | -800 | |||
| Lam Dong | 30,900 | -800 | |||
| Gia Lai | 31,200 | -800 | |||
| Dak Nong | 31,100 | -800 | |||
| pepper | 41,000 | 0 | |||
| USD / VND exchange rate | 23,110 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in January 202020 decreased by 3.6% to 1,294 USD / ton. The price of arabica coffee delivered in March 202020 decreased by 3.9% to US $ 125.7 / pound.
The World Coffee Organization (ICO) forecasts global supply will be in shortage of 502,000 bags in the 2019/20 crop.
According to ICO, global coffee exports in October 2019 reached 8.91 million bags, the lowest level since September 2017, down 13.4% compared to October 2018 and down 2.4% compared to October. October 2017.
In particular, global exports of Robusta and Arabica coffee decreased by 21.6% and 9%, respectively, to 2.82 million bags and 6.08 million bags.
Coffee exports of Brazil in October 2019 decreased by 12.9% compared to October 2018, to 3.42 million bags. The ICO predicts an increase in demand for coffee in Asia and Oceania, despite slowing global economic growth.
According to the November coffee market report of ICO, global coffee exports in October reached 8.91 million bags, the lowest level since September 2017.
This figure represents a decrease of 13.4% compared to the same period in 2018 and 2.4% compared to the same period in 2017. The volume of robusta coffee exports in the world decreased by 21.6% to 2.82 million bags and arabica coffee dropped 9% to 6.08 million bags, according to the ICO.
Coffee production from Saudi Arabia witnessed the largest decline, down 23.2% to 1.33 million bags while export volume from Brazil fell 9.5% to 3.44 million bags.
According to VietnamBiz
