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 have been 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 2020 harvest with an area of about 100,000 hectares of pepper.
Update coffee prices
Coffee prices today in the Central Highlands region, fluctuating in the range of 31,600 – 32,300 VND / 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 |
The price of arabica coffee delivered in March 2020 decreased by 1.5% to 127.5 UScent / pound.
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. In contrast, exports from Colombia increased by 13.5% to 1.31 million bags over the same period last year.
The depreciation of the Colombian currency against the US dollar for much of 2019 could be a contributing factor to the increase in shipments from Colombia.
According to VietnamBiz
