Pepper prices today in the Central Highlands and the South decreased VND 500 / kg in Gia Lai province to VND 39,000 / 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 | 40,000 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 40,000 |
| BA RIA VUNG TAU | |
| – Average price | 42,000 |
| BINH PHUOC | |
| – Average price | 41,000 |
| DONG NAI | |
| – Average price | 39,000 |
According to estimates of the Export-Import Department, pepper exports in December 2019 reached 20 thousand tons, worth US $ 48 million, up 17.5% in volume and up 19.9% in value compared to November 2019. .
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.
The average export price of pepper in December 2019 reached US $ 2,400 / ton, up 2% compared to November 2019, but down 25.7% compared to December 2018. In 2019, the average export price of pepper reached US $ 2,514 / ton, down 22.9% compared to 2018.
Update coffee prices
Coffee prices today in the Central Highlands region turned down 200 VND / kg. For the whole region, the price of coffee fluctuated between 31,500 and 32,100 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 8 USD / ton to 1,424 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,424 | Subtract: +70 | |||
| Dak Lak | 32,100 | -200 | |||
| Lam Dong | 31,500 | -200 | |||
| Gia Lai | 31,900 | -200 | |||
| Dak Nong | 31,900 | -200 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23,115 | +5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 decreased by 1% to 1,350 USD / ton. Price of arabica coffee delivered in March 2020 decreased by 3.2% to 118 UScent / pound.
According to the US Department of Agriculture, the world coffee production in 2019-2020 is expected to be 5.3 million bags (60 kg) lower than the previous year 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.
With global consumption forecast at a record 166.4 million bags, the inventory will decrease by 400,000 bags to 35.0 million bags.
Coffee prices, as measured by the World Coffee Organization's monthly aggregate price index (ICO), fell to $ 0.93 per pound in May 2019, the lowest level since September 2006, but increased by 15% to US $ 1.07 per pound in November 2019 when supplies were tight.
Brazilian arabica output 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 during the flowering and fruiting period. Despite initial concerns regarding the July frost in the southern and southeastern states, production will not be adversely affected.
However, the quality of coffee as well as the grain size are lower than average because the trees in many areas have different stages of maturity when fruits are harvested. The majority of arabica coffee harvest starts in May and June.
The robusta coffee harvest is forecast to continue to expand and reach a record 18.1 million bags, up 1.5 million bags.
According to VietnamBiz
