Pepper prices Today, it continues to decrease by VND 1,500 / kg in Dong Nai province to VND 38,000 / kg. For the Central Highlands region, pepper prices fluctuated between VND 38,000 and VND 42,500 / kg. In particular, the price of Ba Ria – Vung Tau pepper is highest at 42,500 VND / kg and the lowest in Dong Nai.
| Province / district (survey area) | Purchase price. Unit: VND / kg |
| DAK LAK | |
| – Ea H’leo | 41,500 |
| GIA LAI | |
| – Chu Se | 39,500 |
| Dak Nong | |
| – Chiayi | 41,500 |
| BA RIA VUNG TAU | |
| – Text | 42,500 |
| BINH PHUOC | |
| – Text | 41,500 |
| DONG NAI | |
| – Text | 38,000 |
Ms. Hoang Thi Lien, representative of the World Pepper Association, said that Vietnam is a country with advantages in pepper production, according to the Ministry of Agriculture and Rural Development.
However, recently, many other countries are “rising” so our market share of this group in the world market is declining. Vietnam needs to have appropriate development, farmers need to produce according to clean criteria to conquer difficult markets like the EU and other countries, according to the Ministry of Agriculture and Rural Development.
Binh Phuoc representative said the province had favorable conditions for agricultural development. Currently, pepper is identified as one of the three main crops of the province after rubber and cashew. This province currently has about 17 thousand hectares of pepper and has exceeded the plan.
“Recently, the 3 main trees are difficult because the price is deep, lasting for many years. Pepper is very difficult in price, spontaneous production, large capital, pests, few workers. Currently, it is linked with a Dutch enterprise with about 2 thousand hectares.
We guide people to change production models to fit the market, build production and consumption links. Farmers have difficulty with short-term bank debt, so farmers are forced to sell pepper at any price to pay the debt. This has led to many households falling into bankruptcy, ”said a representative of Binh Phuoc province.
Update coffee prices
Coffee price Today, in almost all provinces in the Central Highlands region, it has fluctuated between VND 32,400 and VND 33,400 / kg. In particular, the highest coffee price recorded in Dak Lak, the lowest in Lam Dong, according tintaynguyen.com.
Coffee price around HCMC port remained unchanged at VND 34,700 / kg.
| The provincial/ district (survey area) | Purchase priceUnit: VND / kg |
| Lam Dong | |
| – Bao Loc (Robusta) | 32.500 |
| – Di Linh (Robusta) | 32.400 |
| – Lam Ha (Robusta) | 32.400 |
| DAK LAK | |
| – Residential M’gar (Robusta) | 33.600 |
| – Ea H’leo (Robusta) | 33.400 |
| – Buon Ho (Robusta) | 33.400 |
| GIA LAI | |
| – Ia Grai (Robusta) | 33.000 |
| Dak Nong | |
| – Chiayi (Robusta) | 33.100 |
| KON TUM | |
| – Dak Ha (Robusta) | 33.600 |
| HO CHI MINH | |
| – R1 | 34.700 |
Price of robusta coffee delivered in November increased by 0.5% to 1,306 USD / ton. Price of arabica coffee delivered in December was flat at 98.3 UScent / pound.
The production of 49 million bags marked a 20% decrease from 2018, when Brazil reached a production record of 61.66 million bags, according to Nasdaq.
Arabica coffee production also dropped sharply. Conab, Brazil's agricultural statistics agency, said the current production of arabica coffee reached 34.47 million bags, lower than the estimate of nearly 37 million bags estimated in May 2019.
Conab has revised its forecast for robusta production, which is widely used by instant coffee producers, to 14.52 million bags compared to an estimate of 13.93 million bags in May.
The Brazilian government's production forecast is all lower than other companies.
Brazilian consultancy Safras & Mercado estimates the South American nation's 2019 coffee production to be 58.9 million bags, while Comexim broker and exporter predicts output of 58.2 million bags.
Brazil is in a period of crop failures every two years, alternating between years of high and low production.
Some analysts expect production to set another record by 2020 when Brazil enters a bumper crop of production cycle, which could limit any recovery in global coffee prices.
According to VietnamBiz
