Pepper prices today in the Central Highlands and the South remained unchanged after plummeting to 2,000 VND / kg yesterday, ranging between 37,000 – 40,500 VND / kg, according to tintaynguyen.com.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 39,000 |
| GIA LAI | |
| – Chu Se | 37,500 |
| Dak Nong | |
| – Chiayi | 39,000 |
| BA RIA VUNG TAU | |
| – Average price | 40,500 |
| BINH PHUOC | |
| – Average price | 39,500 |
| DONG NAI | |
| – Average price | 38,000 |
According to the page Cogencis, a new crop in Kerala state has officially started after being delayed by two weeks. However, the quantity and quality of pepper are still very low, according to some traders.
The moisture of the first harvest is about 17-20%, higher than the normal level of about 13%.
According to experts' forecast, pepper prices may decrease in the period of February – March after the states of Kerala and Karnataka in the main season and output can reach the threshold of 200 – 300 tons / week.
“The actual fluctuations of pepper prices will be shown when the harvest is at its peak. In this year's crop, the price may drop below 300 rupees per kg, even reaching 275 rupees in the short term. However, prices will recover at 300 rupees / kg, ”said Gulshan John, executive director of Nedspice Processing.
Update coffee prices
Coffee prices today in the Central Highlands plummeted 500 to 800 VND / kg. For the whole region, the price of coffee fluctuated in the range of 30,300 – 31,000 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Kon Tum, according to tintaynguyen.com.
Coffee prices at warehouses around the port of Ho Chi Minh City decreased 500 VND / kg to 32,300 VND / kg.
The price of robusta coffee delivered in March 2020 decreased by 3% to 1,297 USD / ton. Arabica coffee prices fell 4% to 98.6 USCent / pound.
| The provincial
/ district (survey area) |
Purchase price
VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha ROBUSTA | 30,300 |
| – Bao Loc ROBUSTA | 30,300 |
| – Di Linh ROBUSTA | 30,200 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 31,000 |
| – Ea H’leo ROBUSTA | 30,900 |
| – Buon Ho ROBUSTA | 30,800 |
| GIA LAI | |
| – Chu Prong ROBUSTA | 30,500 |
| – Pleiku ROBUSTA | 30,600 |
| – Ia Grai ROBUSTA | 30,600 |
| Dak Nong | |
| – Chiayi ROBUSTA | 30,600 |
| – Dak R’lap ROBUSTA | 30,600 |
| KON TUM | |
| – Dak Ha ROBUSTA | 31,000 |
| HO CHI MINH | |
| – R1 | 32,300 |
Brazil's crop is growing very well as the major crop areas in the country receive regular rainfall, forecasting an upcoming bumper crop.
The Minas Gerais cultivation area in the next few days predicts that it will continue with scattered thunderstorms. The average humidity in the air is at 77%.
The Real has dropped to a 2-month low and neared a new record low, which will put pressure on coffee prices. As of February 2, ICE US's coffee reserves fell slightly to 2,176 million bags.
In Vietnam, according to forecasts of the Coffee – Cocoa Association, the price of coffee will gradually increase according to supply and demand and the world economic growth. If the economy goes up, the amount of money invested in coffee will be more and vice versa.
In the first quarter, sales will increase while sales are moderate due to low prices and many holiday dealers.
Therefore this contributes to a positive impact on prices. But he also noted that many uncertainty about the exchange rate, the world trade situation could cause unpredictable coffee prices.
According to VietnamBiz
