Coffee and pepper market in Vietnam on March 28 with stable pepper prices in the context of abundant supply

Published 2023년 3월 28일

Tridge summary

The article reports on the fluctuation of coffee and pepper prices in the domestic and international markets. In Vietnam, coffee prices have risen, with Robusta reaching a record high of 48,700 VND/kg, influenced by a predicted global deficit of Robusta coffee bags due to excessive rain damage in Indonesia. Conversely, arabica coffee prices have seen a decrease. Pepper prices in Vietnam remain stable, despite challenges such as low selling prices, a shortage of workers, and high rents for growers. Internationally, the price of Lampung black pepper has increased by 2.18%, driven by strong demand from China. However, Vietnamese pepper prices have remained stable due to China's high inventories. The State Bank of Vietnam has updated the cross-rate of Vietnam Dong to Indian Rupees for export and import tax calculation, which may impact the export and import activities of these agricultural commodities.

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Original content

Coffee In the domestic market, the price of coffee continued to increase by 200 VND/kg. Lam Dong has the lowest price; Dak Lak and Gia Lai closed at the highest level; Dak Nong at 48,700 VND/kg. On the world market, the price of coffee on the two exchanges had opposite movements. Robusta futures in May 2023 on the London floor added $25, or 1.14%, to $2,214 per ton. The price of arabica for delivery of the same term on the New York Stock Exchange fell 2.35 cents, or 1.31%, to close at 176.9 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 - Coffee trader Volcafe forecasts that the global Robusta coffee market in the 2023/24 season will have a record deficit of 5.6 million bags. ...

Source: Vinanet