Also according to the page giacaphe.com, Prices of raw material purchased in the South and the Central Highlands continued to stabilize after a sharp rise at the beginning of the week.
According to the Ministry of Industry and Trade, the demand for pepper of businesses increased sharply, while people restricted selling, causing the price of pepper to increase.
The average price of pepper now reaches nearly VND 46,000 / kg.
In India, lower Sri Lankan pepper prices could prompt importers to apply for permits pending applications, according to The Hindu BusinessLine.
Domestic growers community said that importers are waiting for the Directorate of Foreign Trade (DGFT) to issue import licenses for 2020-2021 under the Indo-Sri Lanka duty-free trade agreement on the condition that the price is applied. minimum import.
However, the Indian Prime Minister's call for domestic growers has led the Ministry of Commerce to restrict licensing this year.
According to Kishor Shamji of Kishor Spices, Sri Lanka pepper prices have fallen from US $ 4,000 to US $ 3,000 per tonne since the beginning of the harvest and currently reported prices are below US $ 3,000.
Update coffee prices
According to the page giacaphe.com, The price of raw coffee purchased in the Central Highlands provinces increased slightly by VND 200 / kg today. Specifically, prices in Dak Lak to 31,800 VND / kg, Gia Lai, Dak Nong to 31,700 VND / kg. In Lam Dong, the price of coffee goes up to VND 31,400 / kg.
Price of coffee delivered at the port of Ho Chi Minh City increased 12 USD / ton to 1,299 USD.
| TT human bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,299 | Subtract: +80 | |||
| Dak Lak | 31,800 | +200 | |||
| Lam Dong | 31,400 | +200 | |||
| Gia Lai | 31,700 | +200 | |||
| Dak Nong | 31,700 | +200 | |||
| pepper | 45,500 | 0 | |||
| USD / VND exchange rate | 23,230 | 0 | |||
| Calculation unit: VND / kg | FOB: USD / ton | |||||
On the world market, the price of coffee futures delivered on both exchanges in New York and London simultaneously increased in the previous session. In particular, the price of robusta coffee delivered in July increased by 0.99% to 1,219 USD / ton, arabica coffee price in July also increased by 1.45% to 105.1 US cents / pound.
In the second report of the “Coffe Break” series on coffee and the COVID-19 epidemic, the World Coffee Organization (ICO) concluded that a pandemic led to price fluctuations or made them worse. In the coffee market, as opposed to most other staple foods, coffee prices remain relatively stable.
The report also notes that this volatility is likely to continue because the links in the coffee chain will perceive different effects on supply and demand at different times, while those affected. The hardest part of the supply chain – usually smallholders and workers – will be affected by poverty and hunger.
The downstream value chain (including all activities to distribute products to end customers) has been affected in some parts of the global coffee industry, such as the possibility of delaying coffee transportation. as export containers and ports were subject to change due to anti-COVID-19 restrictions.
However, the report finds factors in upstream areas, or growers, that are even more vulnerable.
According to VietnamBiz
