Today, pepper prices in the Central Highlands and the South increased by VND 500 / kg in Gia Lai Province to VND 39,500 / kg. For the whole region, pepper prices ranged from 39,000 to 42,000 VND / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,500 |
| GIA LAI | |
| – Chu Se | 39,500 |
| Dak Nong | |
| – Chiayi | 40,500 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 39,000 |
According to the page Cogencis, the new pepper crop in Kerala state has officially started after being delayed by 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
The price of coffee today in the Central Highlands region decreased by VND 100 / kg, ranging between VND 32,000 – VND 32,700 / 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 by US $ 2 / ton to US $ 1,450 / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,452 | Subtract: +70 | |||
| Dak Lak | 32,800 | +200 | |||
| Lam Dong | 32,100 | +200 | |||
| Gia Lai | 32,500 | +200 | |||
| Dak Nong | 32,500 | +200 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23,110 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee prices delivered in March 2020 went sideways at 1,383 USD / ton. Price of arabica coffee delivered in March 2020 decreased by 2% to 127 UScent / pound.
According to a report by the World Coffee Organization (ICO), global coffee exports in October 2019 reached 8.91 million bags, the lowest level since September 2017, down 13.4% from the month. October 2018 and down 2.4% compared to October 2017.
In particular, exports of Robusta and Arabica coffee dropped to 2.82 million bags and 6.08 million bags. The US Department of Agriculture (USDA) reported a lower than expected global production of Robusta coffee in the 2018/19 crop of 13.9 million bags due to unfavorable weather conditions and a export of 13.5 million bags.
As of December 9, 2019, the volume of Robusta coffee certified by the London exchange continued to decrease by 4,000 bags to 2,546,333 bags.
As of December 13, 2019, the volume of wet-processed Arabica coffee certified by the New York Exchange decreased 5,291 bags, registered at 2,031,581 bags, of which 1,794,787 bags were in Europe and 236,794 bags located in the US.
Meanwhile, the number of coffee waiting to be certified decreased by 1,674 bags, to 27,708 bags.
In the short term, it is likely that global coffee prices will recover due to the oversupply pressure and reduced inventories.
According to VietnamBiz
