Pepper prices Today, the whole Central Highlands has moved sideways, ranging between VND 39,000 and VND 42,500 / kg. In particular, the lowest pepper prices in Dong Nai and Gia Lai, the highest in Ba Ria – Vung Tau.
| 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 the Department of Processing and Agricultural Product Market Development in the near future, domestic and global pepper prices are unlikely to increase sharply 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 100 / kg to VND 31,600 – VND 32,500 / kg. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according to giacaphe.com.
Coffee price around the port of Ho Chi Minh City decreased 1 USD / ton to 1,347 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,347 | Subtract: +150 | |||
 Dak Lak |
32,500 | -100 | |||
| Lam Dong | 31,600 | -100 | |||
| Gia Lai | 32,000 | -100 | |||
| Dak Nong | 32,200 | -100 | |||
| pepper | 40,000 | 0 | |||
| USD / VND exchange rate | 23.140 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November increased by 0.3% to 1,262 USD / ton. Price of arabica coffee delivered in December decreased 1.6% to 93.9 UScent / pound.
According to statistics from the Korea International Trade Commission, the country's coffee import in the first 8 months of 2019 reached 110 thousand tons, worth US $ 439.67 million, up 3.4% in volume and up 2.1% in value compared to the first 8 months of 2018.
The average import price of Korean coffee in the first 8 months of 2019 reached US $ 3.99 / kg, down 1.3% over the same period in 2018.
In the first 8 months of 2019, Korea increased coffee imports from Brazil, Colombia, Ethiopia, and the US; but reduce imports from Vietnam, Honduras, Guatemala, and India.
Specifically: Brazil is the largest coffee supply for Korea in the first 8 months of 2019, reaching 21,796 tons, worth US $ 54.89 million, up 4.2% in volume, but down 8.8% in value. compared to the first 8 months of 2018.
Accordingly, the share of Brazilian coffee in Korea's total imports increased from 19.7% in the first 8 months of 2018, to 19.8% in the first 8 months of 2019.
Korea's coffee imports from Colombia in the first 8 months of 2019 reached 19,149 tons, worth US $ 61.58 million, up 5.2% in volume, but down 0.3% in value over the same period in 2018. .
The share of Colombian coffee in total Korean imports increased from 17.1% in the first 8 months of 2018, to 17.4% in the first 8 months of 2019.
The rate of Korean coffee imports from Ethiopia and the United States increased by 16.9% and 15.7%, respectively, the share of Ethiopian and American coffee in the total import of South Korea increased from 6.1% and 4, 8 %% in the first 8 months of 2018, to 7% and 5.4% in the first 8 months of 2019.
Vietnam is the second largest source of coffee for Korea, but due to South Korea reducing imports of coffee from Vietnam, the share of Vietnamese coffee in Korea's total imports decreased from 19.1% in 8. In the first month of 2018, down 18.3% in the first 8 months of 2019.
According to VietnamBiz
