Agricultural product prices in Vietnam on May 9, 2023: Coffee stabilized, pepper increased by 1,000 VND/kg

Published 2023년 5월 9일

Tridge summary

On May 9, 2023, Vietnam saw a rise in the prices of coffee and pepper due to concerns over new crop production and potential supply issues. Coffee prices ranged from 53,200 to 53,900 VND/kg, influenced by both local heat conditions and global market trends. Meanwhile, pepper prices in the country increased by 1,000 VND/kg, reaching 72,000 to 75,000 VND/kg, driven by weather-related risks and expectations of decreased production from other pepper-producing countries. The global pepper market is projected to see a slight decrease in production in 2023, leading to increased market prices and active export activities in Vietnam, despite the slowdown in import demand from the US and EU.

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

Original content

Agricultural product prices on May 9: The highest coffee reached 53,900 VND/kg Specifically, in Di Linh district (Lam Dong) the price of coffee is purchased at 53,300 VND/kg. In Bao Loc (Lam Dong), Lam Ha (Lam Dong) coffee prices are at 53,200 VND/kg. In Cu M'gar district (Dak Lak) the price of coffee today is at 53,900 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho (Dak Lak) coffee prices today are purchased at 53,800 VND/kg. In Pleiku (Gia Lai), La Grai (Gia Lai), the price of coffee today is at 53,800 VND/kg. And in Chu Prong district (Gia Lai) is purchased at a lower price of 53,700 VND/kg. In Gia Nghia and Dak R'lap (Dak Nong), coffee prices reached 53,900 VND/kg and 53,800 VND/kg, respectively. In Kon Tum province, the price of coffee today is purchased at 53,900 VND/kg. Thus, the price of coffee today is fluctuating in the range of 53,200 - 53,900 VND/kg. On the world market, the price of Robusta coffee in London delivered in July 2023 was at $2,471/ton, for September ...

Source: Vinanet