Agricultural product prices on March 21, 2023 in Vietnam and world market; coffee increased by 400 VND/kg, pepper remained at a high level

Published 2023년 3월 21일

Tridge summary

On March 21, 2023, Vietnam saw a rise in the prices of key agricultural products, with coffee prices ranging from 46,300 VND/kg to 46,800 VND/kg across various provinces, amidst a slight increase in global Robusta and Arabica coffee prices. The International Coffee Organization forecasts a slight decrease in global coffee production for the 2022-2023 crop year, while global consumption is expected to rise, leading to an oversupply situation. Vietnam, a major coffee producer, is projected to experience a decline in production due to decreasing planting areas.

Pepper prices in Vietnam reached a high of 66,000 VND/kg, making Vietnam the world's leader in pepper production and export. The country's pepper industry has tapped only 40-50% of its potential, indicating room for growth. Meanwhile, Colombia's coffee production experienced a decline after four consecutive months of growth, and weather and political instability negatively affected coffee production and exports in Peru.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agricultural product prices on March 21: Coffee increased by 400 VND/kg Specifically, in Di Linh district (Lam Dong) the price of coffee is purchased at 46,400 VND/kg. In Bao Loc (Lam Dong), Lam Ha (Lam Dong) coffee prices are at 46,300 VND/kg. In Cu M'gar district (Dak Lak), the price of coffee today is at 46,800 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho (Dak Lak), the price of coffee today was purchased at 46,700 VND/kg. In Pleiku (Gia Lai), La Grai (Gia Lai), the price of coffee today is at 46,700 VND/kg. And in Chu Prong district (Gia Lai) is purchased at a lower price of 46,600 VND/kg. In Gia Nghia and Dak R'lap (Dak Nong), coffee prices reached 46,700 VND/kg and 46,600 VND/kg, respectively. In Kon Tum province, today's coffee price is purchased at 46,700 VND/kg. Thus, the price of coffee today is fluctuating in the range of 46,300 - 46,800 VND/kg. On the world market, the price of Robusta coffee in London delivered in May 2023 increased by 23 USD/ton at 2,087 USD/ton, ...

Source: tieudung