Pepper prices today throughout the Central Highlands and the South continued unchanged. For the whole region, pepper prices ranged from VND 36,500 / kg – VND 39,500 / kg, 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 Import and Export Department recently forecasted that global pepper prices will hardly recover in the short term due to abundant supplies.
Indian pepper output in 2020 is forecast to reach about 61,000 – 62,000 tons, 30% higher than in 2019.
According to the World Pepper Association (IPC), global pepper production in 2019 decreased after many years of sharp increase, 74,000 tons lower than in 2018. The main reason is that the planted area is shrinking and the weather is not. Advantages in Vietnam affect productivity.
Despite this, global pepper supply is still about 60,000 – 70,000 tons higher than demand. Pepper inventories are likely to decline sharply from 21,856 tons in 2019 to 10,856 tons in 2020. The reason is that Vietnam has exported quite a large amount of pepper in 2019.
Update coffee prices
Today's coffee price in the Central Highlands plummeted VND 500 / kg, fluctuating between VND 30,300 – VND 30,700 / 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 price at warehouses around Ho Chi Minh City port decreased VND 500 / kg to VND 32,200 / kg.
Domestic coffee prices
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,329 | Subtract: +80 | |||
| Dak Lak | 30,700 | -500 | |||
| Lam Dong | 30,300 | -500 | |||
| Gia Lai | 30,600 | -500 | |||
| Dak Nong | 30,700 | -500 | |||
| pepper | 38,000 | 0 | |||
| USD / VND exchange rate | 23.125 | +15 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
The price of robusta coffee delivered in May 202020 decreased by 0.9% to 1,237 USD / ton. Price of arabica coffee delivered in May 5/2020 decreased by 2% to 106.6 UScent / pound.
Cuba produced nearly 10,000 tons of coffee in 2019, marking the first step of recovering the value of this product, a Cuban official said.
Elexis Legra, director of the Cuban Coffee and Cocoa Regulatory Authority, Elexis Legra, said 10,000 tons was Cuba's largest coffee production in the past 12 years, according to China.org.cn.
In 2019, the two most productive coffee and cocoa products in the past decade were the result of a program to develop these crops conducted by the Ministry of Agriculture.
According to VietnamBiz
