Pepper prices today in the Central Highlands and the South unchanged, ranging from 39,000 to 42,000 VND / kg.
According to Cogencis, the new pepper crop in the state of Kerala has officially begun after being delayed for 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 region turned down 100 VND / kg. For the whole region, the price of coffee ranged from 31,600 to 32,200 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City moved sideways at 1,424 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,424 | Subtract: +70 | |||
| Dak Lak | 32,200 | -100 | |||
| Lam Dong | 31,600 | -100 | |||
| Gia Lai | 32,000 | -100 | |||
| Dak Nong | 32,000 | -100 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23,115 | +5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 decreased by 1.3% to 1,336 USD / ton. Price of arabica coffee delivered in March 2020 decreased 1.6% to 117.2 UScent / pound.
According to the US Department of Agriculture, production in Colombia is expected to recover 400,000 bags from last year due to the drought, reaching 14.3 million bags under normal weather conditions.
The federation of national coffee growers federation (fedecafe) estimates that since 2012, about half of the 940,000 hectares of coffee beans have been improved, mainly against leaf rust.
This effort increased productivity by nearly one third to 18.8 bags / ha and lowered the average age of coffee trees from 15 years to 7 years.
Fedecafe and the Colombian government are estimated to have rehabilitated 82,000 hectares by 2018, with the goal of rehabilitating 90,000 hectares per year to reach the goal of producing 18 million bags in the coming years.
Coffee exports may increase 200,000 bags to 12.7 million bags while the reserve is expected to decrease slightly to 500,000 bags.
Production in Indonesia is forecast to increase modestly by 100,000 bags to 10.7 million bags, with an even split between output of arabica and robusta coffee.
Robusta output is expected to reach 9.5 million bags under favorable growing conditions in the lowlands of southern Sumatra and Java, where 75% are grown. Although heavy rainfall in western Java delayed arabica coffee harvest, production is expected to increase slightly.
Although recent reports suggest that total production may increase significantly over the next 5 years, these claims are unreliable due to the increase in acreage or rehabilitation program to replace aging trees with higher yield varieties and fertilizer use remain largely unchanged.
Coffee exports are forecast to increase by 1.4 million bags to 6.3 million bags due to increased inventories at the end of the year.
According to VietnamBiz
