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 |
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 supply greater 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 2020 harvest with an area of about 100,000 hectares of pepper.
In Vietnam, according to the Ministry of Industry and Trade, water fish currently has about 100,000 hectares of pepper for harvest with an average yield of about 24.7 quintals / ha, equivalent to an output of about 247,000 tons.
However, while pepper prices remain very low, production costs tend to increase, at least 10% compared to 2017.
This is also the reason that in the first 8 months of 2019, Vietnam, though exporting pepper reached 224,000 thousand tons, up 27.9% over the same period, but the turnover decreased slightly by 2.1% and reached only 571 million USD. , due to 23.4% reduction in export prices.
Update coffee prices
Today's coffee price in the Central Highlands increased by VND 100 – 300 / kg, fluctuating between VND 31,600 and VND 32,300 / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to tintaynguyen.com.
Coffee prices at warehouses around the port of Ho Chi Minh City were unchanged at VND 33,6000 / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha (Robusta) | 31,600 |
| – Bao Loc (Robusta) | 31,600 |
| – Di Linh (Robusta) | 31,500 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 32,300 |
| – Ea H’leo (Robusta) | 32,100 |
| – Buon Ho (Robusta) | 32,300 |
| GIA LAI | |
| – Chu Prong (Robusta) | 31,900 |
| – Pleiku (Robusta) | 31,900 |
| – Ia Grai (Robusta) | 32,000 |
| Dak Nong | |
| – Dak R’lap (Robusta) | 31,900 |
| – Chiayi (Robusta) | 32,000 |
| KON TUM | |
| – Dak Ha (Robusta) | 32,000 |
| HO CHI MINH | |
| – R1 | 33,600 |
Robusta coffee prices delivered in January 1/2020 increased 0.4% to $ 1,301 / ton. The price of arabica coffee delivered in March 2020 increased 3.7% to 130 UScent / pound.
The World Coffee Organization 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 the International Monetary Fund, global coffee demand is expected to be affected by the slowdown in global economic growth, especially in emerging markets and developing economies.
In the 2019-2020 crop, demand for coffee in Asia and Oceania is expected to increase by 3% to 37.84 million bags and in North America by 1.7% to 30.97 million bags.
According to VietnamBiz
