Pepper prices today throughout the Central Highlands and the South unchanged, ranging between 37,000 – 39,500 VND / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 38,000 |
| GIA LAI | |
| – Chu Se | 37,000 |
| Dak Nong | |
| – Chiayi | 38,000 |
| BA RIA VUNG TAU | |
| – Average price | 39,500 |
| BINH PHUOC | |
| – Average price | 38,500 |
| DONG NAI | |
| – Average price | 37,000 |
According to Nedspice Group's forecast, although global pepper production is estimated to decrease by 12% this year, the inventory is expected to be still higher than the total demand in the market.
In the context that the COVID-19 pandemic is still complicated and continues to spread around the world, pepper prices in the world market are likely to continue the downtrend in the near future, when suffering double effects. from pandemic and oversupply pressure.
The market is still under oversupply pressure. Global pepper price is expected to remain at low level in the first 6 months of 2020. However, pepper price is likely to recover in the last 6 months when supply – demand returns to the equilibrium. At the same time, increased quality of pepper and increased labor costs will also contribute to support prices of pepper.
Update coffee prices
Coffee prices today in the Central Highlands region continued to increase 100-300 VND / kg. In particular, coffee prices in Dak Lak and Lam Dong provinces recorded an increase of VND 100 / kg. Kon Tum provinces increased by VND 300 / kg.
Coffee prices at warehouses around the port of Ho Chi Minh City were unchanged at VND 30,900 / kg.
| The provincial
/ district (survey area) |
Purchase price
VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha ROBUSTA | 29,300 |
| – Bao Loc ROBUSTA | 29,300 |
| – Di Linh ROBUSTA | 29,200 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 29,900 |
| – Ea H’leo ROBUSTA | 29,700 |
| – Buon Ho ROBUSTA | 29,600 |
| GIA LAI | |
| – Pleiku ROBUSTA | 29,500 |
| – Ia Grai ROBUSTA | 29,500 |
| – Ia Grai ROBUSTA | 29,600 |
| Dak Nong | |
| – Chiayi ROBUSTA | 29,600 |
| – Dak R’lap ROBUSTA | 29,500 |
| KON TUM | |
| – Dak Ha ROBUSTA | 29,600 |
| HO CHI MINH | |
| – R1 | 30,900 |
Price of robusta coffee delivered in May increased 2% to 1120 USD / ton. Arabica coffee prices fell 5.2% to 105.5 UScent / pound.
According to ICO, global coffee exports in the first 5 months of 2019 – 2020 decreased by 3.4% to 50.97 million bags compared to 52.78 million bags in the same period in 2018-2019. Arabica coffee exports decreased by 7 , 8% to 31.86 million bags while robusta exports rose 4.8% to 19.1 million bags.
The situation of COVID-19 epidemic is happening complicatedly in the world, making coffee consumption more difficult. Approximately 21,000 tons of coffee worth more than 400 billion rupees of India are trapped in coffee storage centers and ports because there is no license to export, according to the Deccan Herald.
Coffee exporters of India are struggling after the government imposed a blockade to prevent the spread of the COVID-19 epidemic across the country.
As a result, about 21,000 tons of coffee worth more than 400 million rupees were trapped in coffee storage centers and ports because there was no export license.
“The Indian Coffee Commission is ready to issue export licenses, but no one has come to apply for the licenses due to the blockade. The storage centers are not allowed by the state government at the district level to transport goods out, ”said Ramesh Rajah, president of the Association of Coffee Exporters, in response to the Deccan Herald.
According to VietnamBiz
