Also according to the page giacaphe.com, Prices of raw materials in the South and the Central Highlands were stable today, averaging around VND 42,000 / kg. In particular, Vung Tau is the highest price in the country, reaching 43,500 VND / kg, followed by Binh Phuoc at 42,500 VND / kg.
In Sri Lanka, the pepper harvest in the country is causing concern for Indian pepper growers, fearing that a new supply will flood into the Indian domestic market, according to the report. The HinduBusiness Line.
Traders said there was no official order for Sri Lanka pepper to be sold in the Indian domestic market at prices below the minimum import price of Rs 500 per kg.
However, with the harvest, the island nation is under pressure to sell pepper at a price of 3,000 USD / ton from $ 4,000 for 550 G / L pepper.
Update coffee prices
According to giacaphe.com, the price of raw coffee purchased in the Central Highlands is not much volatile today. In particular, the average price in Dak Lak is at the best, 31,200 VND / kg, followed by prices in Gia Lai, Dak Nong and Kon Tum, reaching 31,000 VND / kg. Lam Dong has the lowest price at VND 30,700 / kg.
The price of coffee delivered at the port of Ho Chi Minh City continued to increase by 2 USD / ton compared to the previous day to 1,266 USD.
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,266 | Subtract: +80 | |||
| Dak Lak | 31,200 | 0 | |||
| Lam Dong | 30,700 | 0 | |||
| Gia Lai | 31,000 | 0 | |||
| Dak Nong | 31,000 | 0 | |||
| pepper | 42,000 | 0 | |||
| USD / VND exchange rate | 23,180 | -70 | |||
| Calculation unit: VND / kg | FOB: USD ($) / ton | |||||
On the world market, the price of coffee futures on the floor of New York and London fluctuated in the opposite session yesterday. Specifically, the price of arabica coffee delivered in July decreased by 1.31% to 105.65 US cents / pound. While robusta coffee prices delivered in July increased by 0.17% to 1,186 USD / ton.
In Brazil, the continued increase in COVID-19 infections could spark price increases for arabica coffee as traders perceive the potential impact of the disease on the world's largest producer, according to IG.com.
Coffee prices have fallen almost throughout the month of April. However, signs of a recovery are beginning to appear, with predictions of potential disruptions to production from many producers like Brazil.
Brazil has been the leading coffee producer in the world for 150 years, but the pandemic is affecting heavily in Brazil, with the second highest daily mortality rate after the US.
Possible epidemics will spread across the country through farming migration, along with tree felling and logging. This makes manufacturers face the decision to stop production or spread the risk of disease among workers.
Many producers will find it difficult to find workers needed to harvest the entire crop, with a travel ban also curbing movement throughout South America's largest country.
The arabica coffee harvest will begin later this month, with the robusta coffee harvest largely finished. However, the increase in COVID-19 deaths could impact supply if the plantations do not harvest coffee fast enough to prevent them from falling to the ground and failing.
According to VietnamBiz
