Pepper prices Today, the whole Central Highlands has moved around 40,000 – 42,000 VND / kg, which is the highest in Ba Ria – Vung Tau and lowest in Gia Lai and Dong Nai provinces.
| 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 |
According to information from the Vietnam Trade Office in Myanmar, if customs clearance procedures are not carried out within 60 days after arrival, the shipment imported by Myanmar's Galon Min Company will not be facilitated for re-export to Vietnam. Nam and will conduct auctions, confiscation of funds.
On October 16, the Vietnam Trade Office in Myanmar (Ministry of Industry and Trade) said that Myanmar's Ngwe Galon Min Company was put on the watchlist by Myanmar Customs.
Previously, a number of Vietnamese enterprises that exported white and black pepper to Myanmar during the period from mid-2018 to early 2019 were regularly refused to be handled by the importer, Ngwe Galon Min (importer). continue to receive goods with the reason of financial difficulties, the quality of pepper is not guaranteed …
This enterprise only pays the deposit (10 – 30% of the value of the shipment), delays payment and even refuses to receive the goods when the goods have arrived at the port of Yangon, Myanmar.
According to Myanmar Law, if imported goods arrive at the port without clearing customs within 60 days, the shipment will be auctioned and expropriated.
Update coffee prices
Coffee price Today in the Central Highlands region increased sharply VND 500 / kg, ranging between 31,100 – 31,600 VND / kg. 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 1,401 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,401 | Subtract: +150 | |||
 Dak Lak |
31,600 | +500 | |||
| Lam Dong | 31,100 | +500 | |||
| Gia Lai | 31,200 | +500 | |||
| Dak Nong | 31,400 | +500 | |||
| pepper | 40,500 | 0 | |||
| USD / VND exchange rate | 23.145 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee delivered in November increased by 2.4% to 1,224 USD / ton. The price of arabica coffee delivered in December increased 3% to 95.7 UScent / pound.
According to Bloomberg, Brazil has more and more advantages than Vietnam, because it applies new technologies to increase production. Vietnam is the country producing the most robusta coffee in the world.
Brazil, known as the “king” of arabica coffee, is also gradually overtaking Vietnam to become the most robusta producer in the world. This type of coffee is mainly used for espresso and instant coffee.
This is the judgment of analyst Carlos Mera from Rabobank.
Brazil has more and more advantages than Vietnam, because it applies new technologies to increase production. Vietnam is the country producing the most robusta coffee in the world.
Besides, the real reduction also encouraged the country to export coffee in USD.
Mera said that in a few years Brazil will surpass Vietnam: “This happens when the real continues to remain low.”
In the state of Rondonia, robusta coffee productivity is about 200 – 300 bags / ha annually. Regular rainfall also contributes to higher production. Meanwhile, in Vietnam, the aging of the coffee tree makes the yield only about 50 bags / ha. Each bag is equivalent to 60 kg.
According to VietnamBiz
