Pepper prices Today, the whole Central Highlands moved sideways at VND 39,500 – VND 41,500 / kg, of which the lowest was in Gia Lai and the highest was 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 | 39,500 |
| Dak Nong | |
| – Chiayi | 40,500 |
| BA RIA VUNG TAU | |
| – Text | 41,500 |
| BINH PHUOC | |
| – Text | 41,000 |
| DONG NAI | |
| – Text | 40,000 |
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 United States mainly imported black pepper and un-crushed white pepper (HS code 090411), reaching 43.3 thousand tons, up 13.3% compared to the first 8 months of 2018.
US imports of black and crushed black and white pepper (HS code 090412) of the US accounted for 24.7% of total imports in the first 8 months of 2019, up 24.5% over the same period in 2018.
Regarding the structure of supply: in the first 8 months of 2019, the US increased imports of pepper from Vietnam, India, Indonesia, Germany and South Africa, but reduced imports from Brazil, China, Ecuador, Sri Lanka, Spain.
Update coffee prices
Coffee price Today, in the Central Highlands region, the market has plummeted VND 500 / kg, fluctuating between VND 31,000 and VND 31,500. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according to giacaphe.com.
Coffee prices around the port of Ho Chi Minh City decreased 24 USD / ton to 1,390 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,390 | Subtract: +150 | |||
 Dak Lak |
31,500 | -500 | |||
| Lam Dong | 31,000 | -500 | |||
| Gia Lai | 31,300 | -500 | |||
| Dak Nong | 31,400 | -500 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23,140 | -5 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Price of robusta coffee delivered in November decreased by 2% to 1,212 USD / ton. The price of arabica coffee delivered in December decreased 0.8% to 93.6 UScent / pound.
According to Chairman of the Caocao Coffee Association – Luong Van Tu, due to the impact of price crisis, some households turned to other crops. In addition, the Central Highlands region has just experienced floods, causing inundation of many coffee-growing areas.
Therefore, this year, the Association made a forecast for the 2019-2020 crop year, Vietnam's coffee output decreased by about 15% compared to the previous crop.
According to the National Coffee Organization (ICO), Vietnam's coffee output in the 2018-2019 season is estimated to decrease by 1.3% compared to the previous crop to 30 million bags (1 bag is equivalent to 60kg).
Thus, according to forecasts of the Vietnam Coffee – Cocoa Association with ICO data, the coffee output in the 2019-2020 crop will be about 25.5 million bags.
“Recent studies show that drinkers increase life expectancy. But with coffee price low and below the current price, growers reduce their life expectancy, ”Mr. Tu said.
As of October 15, coffee prices in the Central Highlands ranging from 31,600 to 32,400 VND / kg, of which the highest is in Dak Lak and the lowest is in Lam Dong.
Not only Vietnam, some countries are also concerned that coffee production in 2019 may decrease due to the impact of bad weather.
Follow The Indian Express, Coffee growers in Karnataka state (India) are struggling due to black rot in coffee affecting the crop, after heavy rains poured down this area in early October. The state accounts for 70% of India's total production.
The areas of Kodagu, Chikkamagaluru and Hassan counties have very low coffee and agricultural production after heavy rains.
According to VientamBiz
