Coffee prices today 19/9: Continue to reduce 500 VND / kg, average pepper price 48,000 VND / kg

Published 2020년 9월 19일

Tridge summary

Coffee and pepper prices are on a downward trend both locally and internationally due to COVID-19's impact on the quality of produce and supply chains. Coffee prices in Vietnam have dropped by 400-500 VND / kg, with Ho Chi Minh City experiencing the highest purchase price at 33,800 VND / kg. In Kenya, the struggle with low quality supplies has led to a decrease in coffee auction prices. Meanwhile, pepper prices in Vietnam are stable but fluctuating, with Ba Ria - Vung Tau offering the highest purchase price at 50,000 VND / kg. In India, farmers and traders are cautious of potential illegal entry of Indonesian pepper disguised as Sri Lankan produce. Conversely, international natural rubber prices have surged by 25% in the past three months, which tire manufacturers expect will be balanced by crude oil prices.

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

Original content

Coffee price update According to tintaynguyen.com, coffee prices today continue to decrease by 400-500 VND / kg. Coffee purchasing prices are currently ranging from 31,800 to 33,800 VND / kg. In which, Ho Chi Minh City decreased by 400 VND / kg to 33,800 VND / kg still recorded the highest purchasing price in the whole region, while Di Linh (Lam Dong) decreased by 500 VND / kg with the lowest transaction. 31,800 VND / kg. In Lam Dong, Dak Lak, Dak Nong and Kon Tum decreased by 500 VND / kg compared to the previous day, the transaction price ranged from 31,900 to 32,500 VND / kg. In the world market simultaneously decreased, the price of Robusta coffee online in London delivered in November 2020 decreased by 2.24%, down to 1,356 USD / ton. While in New York, arabica coffee prices in December 2020 decreased by 3.81% to 113.5 US cents / pound. In East Africa, Kenyan coffee prices continued to decline during auction due to the market struggling with low quality supplies, according to ...

Source: Vietnambiz