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 |
According to calculations from the International Trade Commission (ITC) statistics, China's pepper imports in the first 11 months of 2019 reached 10.7 thousand tons, worth US $ 36.42 million, up 97.6 % in volume and up 41.8% in value compared to the first 11 months of 2018.
The average import price of Chinese pepper in the first 11 months of 2019 reached US $ 3,403 per ton, down 28.2% compared to the first 11 months of 2018.
In particular, the average import price of Chinese pepper from Indonesia reached 3,473 USD / ton; Vietnam reached 2,573 USD / ton; Malaysia reached 3,530 USD / ton; Brazil reached 2,374 USD / ton; India reached 4,850 USD / ton.
In the first 11 months of 2019, China increased import of pepper from Indonesia, Vietnam, Brazil, India, Italy and Austria, but reduced imports from Malaysia, Sri Lanka, and Hong Kong.
Specifically: Indonesia is the largest source of pepper for China, reaching 4.2 thousand tons, valued at US $ 14.74 million in the first 11 months of 2019, up 361% in volume and 286.1% in value compared to with 11 months of 2018.
The market share of Indonesian pepper in total Chinese imports increased from 12% in the first 11 months of 2018, to 40% in the first 11 months of 2019. Indonesia's pepper processing industry is now very developed with major High quality pepper products, bringing high economic efficiency.
The share of white pepper exports accounts for 80% of total Indonesian pepper exports.
Update coffee prices
Today's coffee price in the Central Highlands increased by VND 100 / kg. For the whole region, the price of coffee fluctuated between 31,100 and 31,600 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 9 USD / ton to 1,399 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,408 | Subtract: +80 | |||
| Dak Lak | 31,600 | +100 | |||
| Lam Dong | 31,100 | +100 | |||
| Gia Lai | 31,400 | +100 | |||
| Dak Nong | 31,400 | +100 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23.105 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 increased by 0.7% to 1,329 USD / ton. Arabica coffee prices fell 3.7% to 106 USCent / pound.
Production in Indonesia next season is forecast to increase modestly 100,000 bags to 10.7 million bags, with a steady increase between production of arabica and robusta coffee.
Robusta output is expected to reach 9.5 million bags under favorable development conditions in the lowlands of South Sumatra and Java, where 75% are grown.
Although heavy rainfall in West Java delayed the arabica coffee harvest, production was 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.
According to VietnamBiz
