World coffee and pepper market on March 17; the supply of coffee from Brazil and Indonesia is shrinking

Published Mar 17, 2023

Tridge summary

The article reports on the dynamic of coffee and pepper prices in the domestic and international markets. It highlights Vietnam's position as the largest coffee producer and exporter worldwide, expecting to grow its market share due to reduced production in other major countries like Brazil and Indonesia because of adverse weather conditions. The demand for coffee beans is projected to surge in the upcoming year. Concurrently, the price of black pepper and white pepper in various countries and Vietnam is provided, alongside a decrease in pepper production in Ba Ria - Vung Tau province due to area reduction and crop losses. The Vietnam Pepper Association is strategizing to expand into diverse export markets to mitigate risks.

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

Original content

Coffee In the domestic market, the price of coffee reversed to increase by 500 VND/kg. Lam Dong has the lowest price; Dak Lak closed the highest level; Gia Lai is priced at 47,100 VND/kg and Dak Nong at 47,000 VND/kg. On the world market, the price of robusta for May contract in May 2023 on the London Stock Exchange ended its decline, rebounding to $35, or 1.69%, to $2,104 per ton. The price of arabica for delivery on the New York Stock Exchange rose 7.45 cents, or 4.32%, to 180.05 US cents/lb. Price of Robusta coffee in London Unit: USD/Ton | Trading unit: lot = 10 tons Coffee maker's forum Price of Arabica coffee in New York Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~ 0.45Kg | Trading unit: lot Coffee maker's forum Price of Brazilian Arabica coffee at BMF Unit: USD Cent/lb | Trading unit: lot Coffee maker's forum Highlights: - Vietnam will continue to be the world's largest coffee producer and exporter in the period of 2023-2033. Supply from other major ...

Source: Vinanet