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 2020 pepper harvest in Kerala state has officially started in January 2020, but the yield and quality of pepper are low due to adverse weather. The moisture of the first harvest is about 17-20%, higher than the normal level of 13%.
In February 2020 and March 2020, when Kerala and Karnataka states are in the main harvest, Indian pepper output can reach 200 – 300 tons / week.
Indian pepper prices are expected to fall below Rs 300 a kg, possibly even reaching Rs 275 a kg in the short term. Karnataka is the largest spice producer in India, accounting for about 55% of the country's proportion, while Kerala and Tamil Nadu states account for 40% and 5% respectively.
Update coffee prices
Today's coffee price in the Central Highlands region continues to increase by VND 100 / kg. For the whole region, the price of coffee fluctuated in the range of 31,500 – 32,000 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 increased by 22 USD to 1,417 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,417 | Subtract: +80 | |||
| Dak Lak | 32,000 | +100 | |||
| Lam Dong | 31,500 | +100 | |||
| Gia Lai | 31,800 | +100 | |||
| Dak Nong | 31,800 | +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 0.3% to 1,339 USD / ton. Arabica coffee prices fell 0.04% to 111 US cents / pound.
The US Department of Agriculture forecasts that the world coffee production in 2019-2020 is 5.3 million bags (60 kg) lower than in the previous crop to 169.3 million, mainly due to the Arabia coffee crop. Brazil enters the final year of the biennial production cycle.
World coffee exports are expected to decline by 4.7 million bags to 115.4 million mainly due to lower shipments from Brazil and Honduras. In addition, with a forecast of global consumption at a record level of 166.4 million bags, inventories will decrease by 400,000 bags to 35 million bags.
Coffee prices, as measured by the ICO's monthly aggregate price index, dropped to $ 0.93 per pound in May 2019, the lowest level since September 2006, but rose 15% to 1, 07 USD / pound in November 2019 when the supply was tight.
Brazil's 2019-2020 arabica coffee production is forecast to fall 8.3 million bags to 39.9 million bags from the previous season as most trees are in the last year of the biennial production cycle.
Good weather conditions usually prevail in most coffee growing areas in the period of flowering and fruiting.
Despite initial concerns regarding the July frost in the southern and southeastern states, production was not adversely affected.
According to VietnamBiz
