World coffee and pepper market on March 21 where Brazil's coffee exports in the first 2 months of the year fell sharply

Published Mar 21, 2023

Tridge summary

The article reports on the recent trends in both domestic and international coffee and pepper markets. It highlights a surge in Vietnam's coffee prices, with robusta and arabica varieties experiencing increases, despite a slight dip in global futures prices. The article also notes a decrease in the price of black pepper on the global market, but an increase in Vietnam's domestic market. Despite the global financial market's challenges, the pepper market remains resilient. Vietnam is projected to export at least 70,000 tons of pepper in the first three months of 2023, and the state bank has updated the cross-rate of the Vietnamese dong against the Indian rupee for export and import tax calculations.

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 simultaneously increased by 400 VND/kg. Lam Dong has the lowest price; Dak Lak closed the highest level; Gia Lai is priced at 46,700 VND/kg and Dak Nong at 46,600 VND/kg. On the world market, the price of robusta for May contract in May 2023 on the London floor added 23 USD, or 1.11%, to 2,087 USD/ton. Arabica for the same term on the New York Stock Exchange rose 1.9 cents, or 1.08%, to close at 178.5 US cents/lb. For week 11, the price of robusta decreased by 3.55% and the price of arabica decreased by 0.67%. Last week, prices fluctuated quite strongly, but the global financial crisis has quickly stabilized, risk aversion has eased. 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 Coffee ...

Source: Vinanet