Pepper prices Today, the Central Highlands has dropped VND 500 / kg in Ba Ria-Vung Tau and Binh Phuoc provinces to VND 41,500 / kg and VND 40,500 / kg respectively.
In general, pepper prices ranged from 39,000 to 41,500 VND / kg, of which the highest was in Ba Ria – Vung Tau and lowest in Gia Lai and Dong Nai.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,500 |
| GIA LAI | |
| – Chu Se | 39,000 |
| Dak Nong | |
| – Chiayi | 40,500 |
| BA RIA VUNG TAU | |
| – Text | 41,500 |
| BINH PHUOC | |
| – Text | 40,500 |
| DONG NAI | |
| – Text | 39,000 |
According to calculations from US International Trade Commission statistics, US pepper imports in the first 8 months of 2019 reached 57,529 tons, worth US $ 180.23 million, up 15.9% in volume, but down 13.7% in value compared to the first 8 months of 2018.
The US mainly imported black pepper and un-crushed black and white pepper (HS code 090411), reaching 43.3 thousand tons, an increase of 13.3% compared to the first 8 months of 2018. Imports of black and white pepper US ground or crushed white pepper (HS code 090412) accounted for 24.7% of total imports in the first 8 months of 2019, up 24.5% over the same period in 2018.
Update coffee prices
Coffee price Today, in the Central Highlands region, the province continued to increase sharply by VND 600 / kg, fluctuating between VND 31,600 and VND 32,300 / kg. In particular, the highest coffee price recorded in Kon Tum, according to tintaynguyen.com.
Coffee price around HCMC port increased by VND 600 / kg to VND 34100 / kg.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| Lam Dong | |
| – Bao Loc (Robusta) | 32,300 |
| – Di Linh (Robusta) | 32,200 |
| – Lam Ha (Robusta) | 32,200 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 32,900 |
| – Ea H’leo (Robusta) | 32,700 |
| – Buon Ho (Robusta) | 32,700 |
| GIA LAI | |
| – Ia Grai (Robusta) | 32,600 |
| Dak Nong | |
| – Chiayi (Robusta) | 32,600 |
| KON TUM | |
| – Dak Ha (Robusta) | 32,900 |
| HO CHI MINH | |
| – R1 | 34,100 |
Robusta coffee delivered in November increased by 2.1% to 1,290 USD / ton. The price of arabica coffee delivered in December increased by 2.8% to 102.2 UScent / pound.
The change from too high to too low prices has caused small farmers, who make up the majority of millions of growers around the world, to suffer misery, abandon farms and potentially lead to illegal immigration status.
This threatens the many sources of coffee available to roasters and consumers.
Although relatively complex, establishing an international price stabilization mechanism can overcome extreme price fluctuations and provide much-needed stability for the income of smallholder farmers.
The price loss is motivated by three factors.
First, increasing speculation in the commodity market, especially because quantitative funds can amplify and extend spending time to extremes. In the period of falling prices, high financial profits attract a lot of special capital into the downward trend.
Second, the world is witnessing an increasingly monopoly market with Brazil and Vietnam gaining market share from Latin American and African manufacturers; Currently, these two countries account for more than 55% of the world's coffee.
Finally, the coffee growing areas have been sensed the impact of climate change. For example, more than half of Central America's coffee area is forecasted to be no longer suitable for development by 2050.
The number of extreme weather events worldwide is increasing and such damaging events have been recorded in Brazil and Vietnam, with exponential impact.
According to VietnamBiz
