Coffee prices fluctuated while pepper prices increased slightly

Published 2020년 6월 1일

Tridge summary

Coffee prices in Kon Tum saw a slight decrease, while pepper prices varied in the Highlands. World coffee prices fell, but Wayanad farmers in India are overcoming the fragmented export market by shipping the first consignment to The Bay Area. In India, there's an increase in local demand for spices, particularly pepper, due to ayurvedic methods for COVID-19 treatment. Meanwhile, rubber prices are fluctuating due to concerns over demand from large buyers because of the pandemic, and India is considering imposing anti-dumping duties on imported rubber.

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

Original content

Coffee prices today fluctuated slightly in Kon Tum. While pepper prices increased slightly again in a local Highlands. According to tintaynguyen.com, the price of raw coffee recorded the only change in Kon Tum, down slightly VND 300 / kg to VND 30,900. In other localities, prices did not change compared to the previous week, fluctuating in the range of VND 30,600 - 31,300 / kg. The price of coffee delivered at the port of Ho Chi Minh City also unchanged at 32,600 VND / kg. On the world market, the price of coffee delivered on both New York and London exchanges fell last weekend. In particular, the price of robusta coffee delivered in London on the floor of London decreased 0.68% to $ 1,169 / ton, while the price of arabica coffee delivered in New York in July decreased by 2.83% to 96.3 US cents / pound. In India, the survival strategy of Wayanad coffee farmers is to overcome fragments of the export market because the COVID-19 epidemic has met initial success, with the first ...

Source: Vietnambiz