Prices of raw material purchased in the South and the Central Highlands were also quiet after skyrocketing VND 1,500 / kg the day before. Vung Tau is currently the locality with the highest pepper price in the country, reaching VND 47,000 / kg.
The average price of pepper in the South and the Central Highlands reached nearly VND 46,000 / kg.
| The provincial
/ district (survey area) |
Purchase price
Unit: VND / kg |
|---|---|
| DAK LAK | |
| – Ea H’leo | 45,500 |
| GIA LAI | |
| – Chu Se | 45,500 |
| Dak Nong | |
| – Chiayi | 45,500 |
| BA RIA VUNG TAU | |
| – Average price | 47,000 |
| BINH PHUOC | |
| – Average price | 46,000 |
| DONG NAI | |
| – Average price | 45,000 |
In India, pepper growers do not want to sell at current prices. This has affected the source of goods to the focal market, according to The Hindu BusinessLine.
Although pepper price remained stable at 305 rupees / kg at Kochi on May 22, the trading volume was only 7 tons.
According to Kishor Shamji of Kishor Spices, because of dissatisfaction with the current price, farmers do not ship goods to primary markets, forcing traders to transfer a limited amount of goods to the wholesale market.
On the other hand, large buyers in Maharashtra, Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, and Delhi are still frozen and unable to operate processing plants. This led to slower procurement activities.
People who work in small groups like cottage industries to provide finished products for large companies, also cannot operate in the current limited environment.
Traders hope things will improve when the restraining order is lifted. In addition, many migrant workers are rethinking back to work. More activities are expected after Ramadan.
Update coffee prices
The price of raw coffee purchased in the Central Highlands was stable at 31,200 – 31,800 VND / kg.
| The provincial
/ district (survey area) |
Purchase price
VND / kg |
|---|---|
| Lam Dong | |
| – Lam Ha ROBUSTA | 31,200 |
| – Bao Loc ROBUSTA | 31,200 |
| – Di Linh ROBUSTA | 31,100 |
| DAK LAK | |
| – Residential M’gar ROBUSTA | 31,800 |
| – Ea H’leo ROBUSTA | 31,600 |
| – Buon Ho ROBUSTA | 31,600 |
| GIA LAI | |
| – Pleiku ROBUSTA | 31,500 |
| – Chu Prong ROBUSTA | 31,400 |
| – Ia Grai ROBUSTA | 31,500 |
| Dak Nong | |
| – Chiayi ROBUSTA | 31,500 |
| – Dak R’lap ROBUSTA | 31,400 |
| KON TUM | |
| – Dak Ha ROBUSTA | 31,500 |
In the world market, the price of coffee is quiet on both New York and London because big financial markets are on holiday.
In Kenya, coffee farmers of Murang’a province want the government to rapidly deploy coffee funds to support farmers affected by the COVID-19 epidemic, The Star.
Mr. Kang Kibugu Kangiri, president of Kangiri Coffee Cooperative Community, said that farmers had suffered from many pandemics.
He added that a pandemic broke out during the peak marketing season and that local coffee could be shipped to importing countries on time.
Major Kenyan coffee buyers, including the United States, Britain and Germany, have been hit hard by the pandemic. This causes the price of coffee to fall and will affect the grower.
Farmers at Murang’a have complained because the price of coffee is so low that they cannot cover production costs. The situation is made worse by the widespread theft of coffee that makes farmers reel from losses.
According to VietnamBiz
