Pepper prices today in the Central Highlands and the South were unchanged, ranging between 39,000 and 41,500 VND / kg, according to tintaynguyen.com.
| 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 |
Vietnam's pepper production accounts for 60% of the global pepper output. According to the plan to 2020, with a vision to 2025, the country's pepper area will be 50,000 hectares, but in the recent few years alone, the Central Highlands alone has nearly 93,000 hectares, bringing the total area of pepper nationwide. 150,000 ha.
It is estimated that pepper export in December 2019 reached 20 thousand tons, worth US $ 48 million, up 17.5% in volume and 19.9% in value compared to November 2019, compared to December. / 2018 increased by 59% in volume and up 18.2% in value. In 2019, pepper exports were estimated at 287 thousand tons, worth US $ 722 million, up 23.4% in volume, but down 4.8% in value compared to 2018.
Update coffee prices
Coffee prices today in the Central Highlands region increased by 500 VND / kg. For the whole region, the price of coffee fluctuated between 31,400 and 31,900 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 decreased 30 USD / ton to 1,385 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,415 | Subtract: +80 | |||
| Dak Lak | 31,900 | +500 | |||
| Lam Dong | 31,400 | +500 | |||
| Gia Lai | 31,700 | +500 | |||
| Dak Nong | 31,700 | +500 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23,100 | -5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 increased by 2.5% to 1,338 USD / ton. Arabica coffee prices fell 1% to 111 USCent / pound.
According to the ICO ICO coffee market report, the demand for coffee increases on a long-term average of 2.2% due to increased consumption from 90.71 million bags to 169.34 million bags in the 2019 season – 2020.
Compared to the previous crop, global coffee demand in 2019-2020 is estimated at 0.7%, 2.7 percentage points lower but still increasing 1.24 million bags in total demand. This follows a 3.4% increase to 168.1 million bags in 2018-2019, higher than the long-term average.
Lower coffee prices in 2019 cause these countries to increase imports and consumption, but may slow down in 2020 when prices are higher.
Moreover, global economic growth has slowed, especially in emerging markets and developing economies, according to the World Economic Fund's October 2019 World Economic Outlook report (IMF). ). This can reduce coffee consumption.
In the 2019-2020 crop, demand for coffee in Europe is expected to decrease by 0.6% to 55.4 million bags. In the 2019 Fall Economic Forecast, the European Commission noted that the EU was facing some shocks that would likely slow economic growth next year.
According to VietnamBiz
