Pepper prices today in the Central Highlands and the South moved sideways, ranging from 39,000 to 42,000 VND / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,000 |
| GIA LAI | |
| – Chu Se | 39,500 |
| Dak Nong | |
| – Chiayi | 40,000 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 39,000 |
At present, the market for trading in pepper is quiet due to European and American importers being on holiday and New Year 2020. Prices of black and white pepper for export in some producing countries are supported by weak prices. seasonality, demand increases in winter. Forecast in 2020, global pepper prices will hardly recover due to oversupply.
Update coffee prices
Today's coffee price in the Central Highlands region dropped VND 200 / kg, fluctuating between VND 31,800 and VND 32,500 / 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 8 USD / ton to 1,442 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,442 | Subtract: +70 | |||
| Dak Lak | 32,500 | -200 | |||
| Lam Dong | 31,800 | -200 | |||
| Gia Lai | 32,200 | -200 | |||
| Dak Nong | 32,200 | -200 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23,110 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 decreased 0.6% to 1,371 USD / ton. The price of arabica coffee delivered in March 2020 decreased by 0.2% to 127 UScent / pound.
Follow Bloomberg, in November, the volume of instant coffee exports from Brazil to Southeast Asia was 4.4% higher than the same period in 2018.
The robusta coffee crop in Brazil with the depreciating real currency has created an advantage in export costs in 2019.
Specifically, at the beginning of last year, the raw material cost of Brazil's instant coffee production was 5% lower than that of Vietnam. After that, this difference was raised to about 15%.
“Brazil will constantly lower production costs. At the same time, the demand for instant coffee in the Southeast Asia market is also increasing, ”said Guimaraes, commercial director of Cia Cacique de Cafe Soluve instant coffee company.
Vietnam, the world's largest Robusta producer, is witnessing a 3% decline in coffee exports in 2019.
Meanwhile, Brazil, which is considered the “king” of arabica coffee, is being assessed as likely to surpass Vietnam in terms of robusta coffee, analyst Carlos Mera said.
Robusta coffee is the main raw material for instant coffee production because it is cheaper than using arabica coffee.
Brazilian manufacturers are rapidly adopting new technology to help boost production, Carlos Mera said.
According to VietnamBiz
