Pepper prices Today, in the Central Highlands and the South, it has fluctuated between VND 40,000 and 42,000 per kg. In particular, the price of pepper in Dong Nai province is the lowest and highest in Ba Ria – Vung Tau, according to tintaynguyen.com.
| Province / district (survey area) | Purchasing price Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 40,500 |
| GIA LAI | |
| – Chu Se | 40,000 |
| Dak Nong | |
| – Chiayi | 40,500 |
| BA RIA VUNG TAU | |
| – Text | 42,000 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 40,000 |
World black and white pepper prices tend to increase in some producing countries due to increased demand in winter.
However, pepper price is forecast to hardly increase sharply due to oversupply pressure. The World Pepper Association estimates that global pepper production in 2019 will reach 592,000 tons, while demand is about 450,000 tons, so the price of pepper will continue to be low in the near future.
Update coffee prices
Coffee price Today, in the Central Highlands region, it turned down VND 100 / kg on a large scale, ranging from VND 33,300 – VND 33,600 / kg. In particular, the highest coffee price recorded in Dak Lak and the lowest in Lam Dong, according to giacaphe.com.
The price of coffee delivered to Ho Chi Minh City port went sideways at 1,527 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,527 | Subtract: +125 | |||
| Dak Lak | 33,600 | -100 | |||
| Lam Dong | 33,300 | -100 | |||
| Gia Lai | 33,600 | -100 | |||
| Dak Nong | 33,500 | -100 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23.140 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee prices delivered in January 1/2020 sideways at 1401 USD / ton. Price of arabica coffee delivered in December decreased 0.8% to 114.2 UScent / pound.
Coffee plantations across Minas Gerais, Brazil's leading producer state, have flourished this week, signaling a bumper harvest in the coming season.
Brazilian farmers and analysts shared photos and videos of coffee trees blooming or covered with flower buds. The agronomist says the flowers are blooming more and more uniformly with adequate humidity and mild temperatures, which can lead to good production, according to Reuters.
Overall, the coffee tree is growing very well, but we are quite worried about the upcoming rains and hope the temperature will stabilize, ”said Mariana Caetano, chief executive at Guima Café, a company. Coffee production belongs to Brazilian bank BMG, with 900 hectares of coffee land in Cerrado region, Minas Gerais state.
She said that due to scarce rainfall, the company had to keep coffee trees healthy by drip irrigation. However, the reservoir is running out, Ms. Caetano is concerned about whether watering can be sustained in the absence of rain.
According to Rabobank Bank, Brazilian Robusta output will increase sharply in the next few years. Brazil's Robusta output is around 18 million bags / year, it is forecast that in the crop year 2020/21, Brazil's Robusta output may reach 20-25 million bags.
Most likely, Brazil will replace Vietnam to become the largest producer and exporter of Robusta coffee globally.
