Pepper prices today in the Central Highlands and the South remained unchanged, ranging between VND 39,000 and VND 41,500 / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,000 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 40,000 |
| BA RIA VUNG TAU | |
| – Average price | 41,500 |
| BINH PHUOC | |
| – Average price | 40,500 |
| DONG NAI | |
| – Average price | 39,000 |
The harvest in 2020 is approaching, but people are still limited in selling, causing prices of black and white pepper in the first 11 days of December 2019 in the domestic market to increase compared to November 2019.
On December 11, 2019, the price of black pepper increased by 1.2% compared to November 30, 2019 and increased from 2.4 to 3.9% compared to 11/11/2019. The price of white pepper at 63,500 VND / kg, stable compared to the end of November 2019, but still lower than the 87,000 VND / kg of the same period in 2018.
According to statistics from the General Department of Customs, pepper exports in November 2019 reached 17 thousand tons, worth US $ 40 million, down 0.3% in volume and 2.8% in value compared to October. / 2019, but up 35.9% in volume and 3.1% in value compared to November 2018.
Accumulated from the beginning of the year to the end of November 2019, the export of pepper reached 267.3 thousand tons, worth US $ 674.27 million, up 21.4% in volume, but down 6.1% in value compared to the value. May 11, 2018.
Update coffee prices
Today's coffee price in the Central Highlands increased by VND 100 / kg. For the whole region, coffee prices fluctuated between 31,200 and 31,700 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 US $ 1,399 / ton.
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,399 | Subtract: +80 | |||
| Dak Lak | 31,700 | +100 | |||
| Lam Dong | 31,200 | +100 | |||
| Gia Lai | 31,600 | +100 | |||
| Dak Nong | 31,600 | +100 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23,105 | -5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 increased by 0.5% to 1,321 USD / ton. Price of arabica coffee delivered in March 2020 decreased 0.9% to 112 UScent / pound.
Beginning in 2019, arabica coffee prices are just above $ 1 per pound after trading at 92 cents per pound in September 2018, the lowest level since 2005, according to Seeking Alpha.
After improving to a higher level of 1.0715 USD / pound in the first quarter, prices continued to decline sharply due to abundant supplies from Brazil and the real currency weakened. Brazil is the world's leading producer and exporter of arabica coffee.
The demand for agricultural products continues to grow due to the increase in the world's population. At the beginning of this century, there were about 6 billion people in the world. The next two decades recorded a population of 7.621 billion, reflecting an increase of more than 27% of the global population.
Moreover, the economic growth in Asia and especially China in the past 20 years has changed the way people consume. Today, the number of coffee consumers in China is constantly increasing as coffee continues to gain market share from tea.
Starbucks has opened more than 5,000 stores in China in recent years and many other coffee shops to serve drinks.
According to VietnamBiz
