By page tinkaynguyen.com, pepper prices This week it plummeted in most of the locality. Provinces of Dak Lak, Dak Nong, Ba Ria – Vung Tau and Binh Phuoc both decreased by 1,500 VND / kg to about 55,000 – 56,500 VND / kg. With the same reduction of 2,500 VND / kg, the two provinces of Dong Nai and Gia Lai respectively recorded 53,000 VND / kg and 53,500 VND / kg.
Coffee price fluctuations in the past week. Unit: VND / kg. Collection: Thao Vy
The pepper export market is currently showing a quite positive outlook. Indian black pepper was purchased stably with an average price of USD 4,814 / million tons.
Similar to the domestic market, Indonesian black and white pepper were reported to increase 8% and 3% from the previous week, recording USD 2,852 / million tons and USD 4,799 / million tons respectively.
Unlike last week, black and white pepper of Vietnam this week increased 1% to the threshold of 2,855 – 2,936 USD / million tons and 4,425 USD / million tons respectively.
Meanwhile, China’s white pepper saw a deficit of 1% from last week and is currently trading at an average of 5,313 USD / million tons.
Malaysia’s pepper prices alone have remained stable in the international market over the past 7 days, according to the report International Pepper Community.
Update coffee prices
Coffee price During the past week, the adjustment decreased in some scattered localities. Provinces of Lam Dong, Gia Lai, Dak Nong and Kon Tum all decreased by 100 VND / kg to about 32,400 – 32,700 VND / kg. Particularly, Dak Lak and Ho Chi Minh City do not appear new changes, purchasing at the prices of 32,800 VND / kg and 34,500 VND / kg, respectively.
Coffee price fluctuations in the past week. Unit: VND / kg. Collection: Thao Vy
Over the past five years, coffee acreage in India has increased by more than 25,000 hectares from 4.34 million hectares to 4.59 trillion hectares, according to Money Control.
The current favorable weather conditions actively support coffee growing in the states. This makes Indian coffee producers expect a huge supply in the near future.
In particular, the state of Karnataka is one of the largest coffee producing regions in India with production accounting for nearly 70%.
With the current good conditions, Karnataka is estimated to harvest about 2.42 million tons of coffee this season, up from 2.03 thousand tons in the previous season.
According to VietnamBiz
