According to tintaynguyen.com, prices of raw materials purchased in the Central Highlands and the South decreased by VND 500 in Gia Lai. Specifically, the provinces of Dak Lak and Dak Nong also quote 52,500 VND / kg. Particularly in Gia Lai, VND 500 / kg is reduced to VND 52,000 / kg.
In Ba Ria Vung Tau, the price stood still at VND 54,000 / kg.
Pepper prices in Dong Nai decreased by 2,000 VND / kg to 50,000 VND / kg, Binh Phuoc also recorded a price of 53,000 VND / kg.
The average price of pepper now reaches 52,000 VND / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
| DAK LAK | |
| – Ea H’leo | 52,500 |
| GIA LAI | |
| – Chu Se | 52,000 |
| Dak Nong | |
| – Chiayi | 52,500 |
| BA RIA VUNG TAU | |
| – Average price | 54,000 |
| BINH PHUOC | |
| – Average price | 53,000 |
| DONG NAI | |
| – Average price | 50,000 |
According to the President of Vietnam Pepper Association, he also strongly acknowledged that this increase is only temporary and not a sign of long-term price recovery because the world supply is still greater than demand.
In fact, world pepper prices are still in a downtrend. According to the Import and Export Department, the export volume of pepper in May 2020 is estimated at 29 thousand tons, with a value of US $ 58 million, bringing the volume and export value of pepper in the first 5 months of 2020 to 146 thousand tons and 307 million. USD, equivalent in volume but down 18.5% in value over the same period in 2019.
The average export price of pepper in the first 4 months of 2020 reached US $ 2,130 / ton, down 18.5% over the same period in 2019.
Domestic coffee prices
As noted from the website tintaynguyen.com, the price of green coffee in the Central Highlands provinces continues to decrease at an average of VND 500 / kg, prices range from VND 31,100 – 31,900 / kg.
Specifically, today’s coffee prices in Bao Loc and Lam Ha decreased by VND 500 / kg to VND 31,200 / kg, Di Linh decreased by VND 600 / kg to VND 31,600 / kg.
Coffee prices in Ea H’leo, Buon Ho (Dak Lak) decreased by VND 500 / kg to VND 31,700 / kg and Cu M’gar fell to VND 31,900 / kg. Similarly, coffee prices in Gia Lai (Pleiku and Ia Grai) ) decreased by VND 500 / kg to VND 31,600 / kg.
Coffee price in Dak Nong decreased by VND 600 / kg in Dak R’l to VND 31,500 / kg, Kon Tum decreased to VND 31,500 / kg.
The price of coffee delivered in Ho Chi Minh City port decreased VND 500 / kg to VND 33,200 / kg.
| Province / district (survey area) | Purchasing price VND / kg |
| Lam Dong | |
| – Lam Ha ROBUSTA | 31,200 |
| – Bao Loc ROBUSTA | 31,200 |
| – Di Linh ROBUSTA | 31,100 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 31,900 |
| – Ea H’leo ROBUSTA | 31,700 |
| – Buon Ho ROBUSTA | 31,700 |
| GIA LAI | |
| – Pleiku ROBUSTA | 31,600 |
| – Chu Prong ROBUSTA | 31,500 |
| – Ia Grai ROBUSTA | 31,600 |
| Dak Nong | |
| – Chiayi ROBUSTA | 31,600 |
| – Dak R’lap ROBUSTA | 31,500 |
| KON TUM | |
| – Dak Ha ROBUSTA | 31,500 |
| HO CHI MINH | |
| – R1 | 33,200 |
In the world market dropped again, the price of robusta coffee in London delivered in July 2020 decreased by 2.29% to 1,196 USD / ton.
While in New York, arabica coffee prices in July 2020 decreased by 0.78% to 96 US cents / pound.
According to a report by Safras & Mercado, Brazil has harvested about 16.1% of new crop production, of which robusta coffee has harvested about 30% and newly harvested arabica coffee is about 10%.
Coffee prices in May 2020 in the world market have begun to rise again, unfavorable weather factors in Brazil affect global coffee prices. According to the Import and Export Department, the main coffee growing areas in southeast Brazil have prolonged rain, which hinders the ongoing crop harvest and concerns about the decline in the quality of coffee beans also affects market sentiment. .
According to VietnamBIiz
