Agricultural product prices in Vietnam on May 29, 2022; coffee increased by 1,000 VND/kg, pepper dropped sharply

Published 2022년 5월 29일

Tridge summary

As of May 29, 2022, in Vietnam, coffee prices are fluctuating between 41,300 VND/kg and 42,000 VND/kg, with a slight increase of 1,000 VND/kg last week. Meanwhile, robusta and arabica coffee prices in the world market are $2,097/ton and 229.45 US cents/lb. respectively for July 2022 delivery. Russia's coffee consumption, primarily robusta and instant coffee, is estimated to be around 6 million bags per year, but sanctions have impacted demand. In 2021, Russia imported a record 243,295 tons of coffee, mostly from Vietnam.

Pepper prices in Vietnam range from 70,000 VND/kg to 73,000 VND/kg, with a significant drop last week. The Vietnam Pepper Association stated that the recovery in domestic pepper prices in early May 2022, due to China's customs clearance, was short-lived because speculators sold out and demand in the foreign market was low. The future trend of pepper prices will depend on the purchasing demand in the Chinese market.

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

Original content

Agricultural product prices on May 29: The highest coffee price is 42,000 VND/kg Specifically, in Di Linh district (Lam Dong) the price of coffee is purchased at 41,400 VND/kg. In Bao Loc (Lam Dong), Lam Ha (Lam Dong) coffee prices are at 41,300 VND/kg. In Cu M'gar district (Dak Lak), the price of coffee today is 42,000 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho (Dak Lak) coffee prices today are purchased at 41,900 VND/kg. In Pleiku (Gia Lai), La Grai (Gia Lai), the price of coffee today is at 41,900 VND/kg. And in Chu Prong district (Gia Lai) is purchased at a lower price of 41,800 VND/kg. In Gia Nghia and Dak R'lap (Dak Nong), coffee prices were purchased at 41,900 VND/kg and 41,800 VND/kg respectively. In Kon Tum province, the price of coffee today is purchased at 41,900 VND/kg. Thus, the price of coffee today is fluctuating in the range of 41,300 - 42,000 VND/kg. Last week, the domestic coffee price increased by 1,000 VND/kg. On the world market, the price of online ...

Source: tieudung