Pepper prices today throughout the Central Highlands and the South continued unchanged. For the whole region, pepper prices fluctuated between VND 36,500 / kg and VND 39,500 / kg.
The highest pepper prices were recorded in Ba Ria – Vung Tau and Binh Phuoc, 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 | 36,500 |
| Dak Nong | |
| – Chiayi | 38,000 |
| BA RIA VUNG TAU | |
| – Average price | 39,500 |
| BINH PHUOC | |
| – Average price | 38,500 |
| DONG NAI | |
| – Average price | 36,000 |
The Cambodian Ministry of Trade has called on farmers to improve the quality of pepper products to ensure the reputation of this item in both domestic and foreign markets, the Khmer Times reported on March 7.
During a recent field trip to a pepper farm in Kampot province, Pan Sorasak, Minister of Trade of Cambodia, explained that improving the quality of pepper will help promote the brand of Kampot pepper (which has been geographical indications) in the European Union (EU) market.
The Minister also advised pepper farmers, producers, cooperatives and associations to pay attention to cleaning, packaging, preserving and using organic fertilizer, etc. to make Kampot pepper become more famous. in both domestic and foreign markets.
Cambodian pepper has been granted a Geographical Indications (GI) certificate from the EU in 2016. Geographical indications are signs used to indicate products originating from specific regions, localities, territories or countries. be.
Use of Geographical Indications plays an important role in certifying product quality, is carried out in the traditional manner, or enjoys a certain reputation due to its geographical origin.
Update coffee prices
Coffee prices today in the Central Highlands region down 200 VND / kg, ranging between 30,800 – 31,200 VND / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak and Dak Nong according to giacaphe.com.
Coffee prices at warehouses around the port of Ho Chi Minh City moved sideways at 1,359 USD / ton.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,351 | Subtract: +80 | |||
| Dak Lak | 31,200 | -200 | |||
| Lam Dong | 30,800 | -200 | |||
| Gia Lai | 31,100 | -200 | |||
| Dak Nong | 31,200 | -200 | |||
| pepper | 38,000 | 0 | |||
| USD / VND exchange rate | 23.110 | 0 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in May 2020 decreased by 0.5% to 1,272 USD / ton. The price of arabica coffee delivered in March 2020 decreased 1.9% to 112.2 UScent / pound.
The weather in Brazil is going smoothly, strong selling activity continues in Brazil due to the real currency falling to a record low level against the dollar and concerns about the global economic downturn due to the impact of the Covid-19 epidemic. causing coffee prices to fall.
According to a report of Brazilian Coffee Exporters Council (Cecafé), in January 2020, the country's coffee export reached 3.2 million bags, worth $ 438.14 million, down 5.6% on amount compared to January.
In particular, Arabica coffee accounted for 83.2% of the total export value; instant coffee accounted for 9.8%, an increase of 29.8% compared to January; Robusta coffee accounts for 6.9%, an increase of 48.6% compared to January.
Export of specialty coffee (coffee of higher quality or sustainable certification) of Brazil in January 2020 reached 628,900 bags, valued at US $ 108.2 million, accounting for 19.5% in volume and 24, 7% of the value in total Brazilian coffee exports.
The average export price of Brazilian specialty coffee reached 172.09 USD / bag (about 2.87 USD / kg). In Asia, the coffee transaction was quite quiet when Vietnamese coffee growers did not want to sell because of low prices, while the Indonesian market waited for new coffee.
The main Robusta harvest in Sumatra, Indonesia is usually near the middle of the year, but some areas usually have small crops a few months earlier.
According to VietnamBiz
