Today's pepper price in Dong Nai province increased by VND 500 / kg to VND 36,500 / kg. For the whole Central Highlands and the South, pepper prices ranged from 36,000 to 38,500 VND / kg. In particular, the highest pepper price recorded in Ba Ria – Vung Tau and the lowest in Dong Nai.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 37,500 |
| GIA LAI | |
| – Chu Se | 36,000 |
| Dak Nong | |
| – Chiayi | 37,500 |
| BA RIA VUNG TAU | |
| – Average price | 38,500 |
| BINH PHUOC | |
| – Average price | 38,000 |
| DONG NAI | |
| – Average price | 36,500 |
According to the Department of Agricultural Product Processing and Market Development, in 2019, the average export price of pepper was estimated at 2,516 USD / ton, down 23.6% compared to 2018.
In particular, the export volume of pepper in December is estimated at 17 thousand tons, with a value of 41 million USD, bringing the export volume of pepper in 2019 is estimated at 284 thousand tons and 715 million USD, up 23.4% to but decreased by 5.7% in value compared to the previous year.
“It is forecast that in 2020, global pepper prices will hardly recover due to the oversupply,” said the Import-Export Department.
The highlight of Vietnam's pepper exports in 2019 is the significant growth in exports to the German market in both volume and value in the context of declining global pepper prices.
Update coffee prices
Coffee prices today in the Central Highlands region increased by 300 VND / kg. For the whole region, the price of coffee fluctuated between 31,200 and 31,500 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, Gia Lai and Dak Nong according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City increased by USD 17 / ton to USD 1,376 / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,376 | Subtract: +80 | |||
| Dak Lak | 31,500 | +300 | |||
| Lam Dong | 31,200 | +300 | |||
| Gia Lai | 31,500 | +300 | |||
| Dak Nong | 31,500 | +300 | |||
| pepper | 37,000 | 0 | |||
| USD / VND exchange rate | 23.170 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in March 2020 increased by 1.3% to 1,268 USD / ton. The price of arabica coffee delivered in March 2020 decreased 5.5% to 109 UScent / pound.
According to Reuters, Colombia, the world's largest producer of wet-processed arabica coffee, recently established a coffee price stabilization fund worth nearly $ 64 million to protect farmers from market fluctuations. .
The country's coffee output in 2019 will reach 14.8 million bags (60 kg / bag) in 2019 thanks to favorable weather. This is also the highest level in 27 years.
This price stabilization fund allows coffee growers to cover production costs, avoiding damage from sudden price drops. The fund's main source of funding is from the government and farmers only play a part, Finance Minister Alberto Carrasquilla said.
“Through this fund, farmers can be assured of producing and creating the best quality coffee in the world without having to worry about price fluctuations,” said Mr. Alberto Carrasquilla.
At $ 1.06 per pound on Monday, Colombian residents averaged $ 272.7 per 125 kg of coffee on average. Meanwhile, production costs are around USD 228.7 per 125 kg of coffee, according to data calculated from the Colombian Coffee Federation.
According to VietnamBiz
