Pepper prices today across the Central Highlands and the South moved sideways, ranging between 37,000 – 39,500 VND / kg. In particular, the highest pepper price recorded in Ba Ria – Vung Tau and the lowest in Dong Nai, according to tintaynguyen.com.
| 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 |
By 2020, the oversupply situation is forecast to continue, putting pressure on pepper prices. Global pepper price is expected to remain low in the first 6 months of 2020. In 2020, the pepper growing area from 2016 – 2017 in major producing countries is the time to harvest with high yields.
However, by the end of 2020, the price of pepper may recover when the supply and demand return to the equilibrium level, many businesses increase their stockpiling. In addition, increased quality of pepper and increased labor costs will also contribute to push pepper prices.
According to the International Pepper Association (IPC), in 2019 it is estimated that global pepper production will decrease after many years of increase, 74,000 tons lower than in 2018.
The main reason is due to unfavorable weather in Vietnam affecting productivity. However, the global supply of pepper is still about 60,000 – 70,000 tons higher than demand.
Update coffee prices
Coffee prices today in the Central Highlands plummeted 500 VND / kg. For the whole region, the price of coffee fluctuated in the range of VND 30,700 – VND 30,900 / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, Dak Nong according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City decreased 13 USD / ton to 1,353 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,353 | Subtract: +80 | |||
| Dak Lak | 30,900 | -500 | |||
| Lam Dong | 30,700 | -500 | |||
| Gia Lai | 30,900 | -500 | |||
| Dak Nong | 30,900 | -500 | |||
| pepper | 38,000 | 0 | |||
| USD / VND exchange rate | 23.170 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in March 2020 decreased by 1.6% to 1,245 USD / ton. The price of arabica coffee delivered in March 2020 decreased by 3.4% to 105.2 UScent / pound.
Robusta coffee prices have fallen as global coffee supplies are likely to be redundant given the prospect that Brazil will have a new harvest crop to hit a record in the next few months.
According to the Brazilian Institute of Geography and Statistics (IBGE), the country's coffee output in 2020 will increase by 12.9% compared to 2019, to 56.4 million bags of 60 kg (equivalent to 3.4 million). ton).
According to the Federation of Colombian Coffee Growers, the country's coffee output in January 2020 reached 1,050 thousand bags, 246 thousand lower than in January 2019.
Generally for the first 4 months of the crop year 2019/20, Colombia's coffee production reached 5,605 thousand bags, 640 thousand higher than the first 4 months of the crop year 2018/19.
Meanwhile, coffee exports of Colombia in January 2020 reached 1,101 thousand bags, 65 thousand lower than in January 2019.
Generally for the first 4 months of the crop year 2019/20, Colombia's coffee exports reached 4,884 thousand bags, 17 thousand higher than the first 4 months of the 2018/19 crop.
According to VietnamBiz
