Pepper prices Today, the Central Highlands has been moving sideways around VND 38,500 – VND 41,500 / kg. In particular, pepper prices in Dong Nai province are the lowest and highest in Ba Ria – Vung Tau.
| Province / district (survey area) | Purchasing 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 | |
| – Text | 41,500 |
| BINH PHUOC | |
| – Text | 40,500 |
| DONG NAI | |
| – Text | 38,500 |
MARD predicts that it will be difficult for domestic and world pepper prices to increase sharply in the coming time due to oversupply pressure.
According to the report of the International Pepper Association (IPC), the average annual growth rate of the world demand for pepper is only about 2-3% / year, while the supply grows to 8-10%. /year.
IPC forecasts that in 2019, the world's total demand will reach only about 450 thousand tons, about 100,000 tons less than the total global pepper production.
Update coffee prices
Coffee price Today, in the Central Highlands region, the price decreased by VND 200 / kg to VND 33,000 – VND 33,400 / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to giacaphe.com.
Price of coffee delivered to Ho Chi Minh City port increased by 31 USD / ton to 1,500 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,500 | Subtract: +125 | |||
 Dak Lak |
33,400 | -200 | |||
| Lam Dong | 33,000 | -200 | |||
| Gia Lai | 33,300 | -200 | |||
| Dak Nong | 33,300 | -200 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23.140 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in January 20/2020 decreased by 0.4% to 1,378 USD / ton. The price of arabica coffee delivered in December decreased 2.8% to 106.4 UScent / pound.
According to the International Coffee Organization, compared with the average annual rate of 2.1% in the previous 10 years, global consumption growth in 2018-2019 and 2019-2020 is estimated to slow down.
World coffee consumption this year will increase by 1.7% to 165.35 million bags and in 2019-2020 is expected to increase by 1.5% to 167.9 million bags.
Global coffee demand is expected to be affected by the slowdown of global economic growth, especially emerging markets and developing economies, as described by the International Monetary Fund in World Economic Outlook report October 2019.
In 2019-2020, coffee demand in Asia & Oceania is expected to increase by 3% to 37.84 million bags and in North America by 1.7% to 30.97 million bags.
Coffee demand from Africa is estimated to increase by 1.8% to 11.94 million bags, from Central America & Mexico by 1.4% to 5.47 million bags and from Europe by 1.2% to 54.54 million bags. However, consumption in South America is likely to remain stable at 27.14 million bags in 2019-2020.
