Vietnam black pepper price today 12/07/2018
See how Vietnam Black Pepper Price Today changed today
Vietnam black pepper price today
As noted from the market, pepper prices today in raw material areas are unchanged compared to yesterday, the transaction price is from 52,000-53,000 VND / kg.
Pepper prices in Dak Lak, Gia Lai, Dak Nong and Dong Nai provinces were VND 52,000 / kg; pepper prices in Ba Ria – Vung Tau and Binh Phuoc at 53,000 VND / kg, unchanged compared to yesterday.
July 12th: family lawyer rescues “soc”, family does not look 3
According to statistics of the bank, the total debt of pepper in Gia Lai to this point is over 4,000 billion.
Peppers have fallen sharply, pepper growers in the Central Highlands provinces, including Gia Lai, are not only owed money to employees, fertilizer and disease pills but are facing bank foreclosure. The “black gold” garden is still green, rich, now “things” to the heart, even many families have to accept themselves to cut down the garden because of inability to care, while many Disease infection is “incurable”.
Coffee prices today reversed strongly
From the market, the price of green coffee in the Central Highlands has not reached 36,000 VND / kg and has slipped 700 dong to 35,000 VND / kg at 9am.
Specifically, coffee prices today in Dak Lak reduced to 35,100 VND / kg; In Gia Lai, Dak Nong 35,000 VND / kg, and in Lam Dong reduced to 34,600 VND / kg.
At HCMC port, Robusta coffee price dropped by $ 33 to $ 1,552 per tonne (FOB).
Last night, the global coffee market flooded the red has caused the domestic coffee market plummeted. In particular, Robusta coffee futures for November delivery dropped $ 33 / tonne to $ 1,662 / tonne, down 1.77% from yesterday’s close.
July 12th: the family is in touch with the “soc”, the family does not look 2
Price of coffee, pepper today in some markets. Source: giacaphe
Similarly, prices of arabica coffee on the floor of New York plummeted, with a decline to 2.28%, equivalent to 2.7 cents / lb, to settle at 115.6 cents / lb, delivery deadline December 12th.
At present, the price of coffee beans in raw material areas is close to the price of farmers. Independent analyst Nguyen Quang Binh said that after a sudden drop of the market, the market could recover but the long-term direction is difficult to climb.
The International Coffee Organization (ICO) has lowered the forecast for global coffee production in 2017/18 to 158.56 million bags (from 1 bag = 60 kg) from the previous forecast of 159.66 million bags. According to the ICO, the world market will be 1.36 million shorts, more than the 254,000 shortfall forecasted a month ago.
Robusta output is forecast at 61.40 million bags (down from 62.24 million bags previously forecast), while Arabica will be at 97.16 million bags (compared with 97.43 million bags). World coffee consumption in the 2017/18 season will reach 159.92 million bags.