Coffee and pepper market in Vietnam on March 29: Coffee prices simultaneously dropped in both the country and the world

Published Mar 29, 2023

Tridge summary

The article reports a decrease in the price of coffee and pepper in both the domestic and international markets. In Vietnam, the price of robusta coffee dropped to 48,200 VND/kg and arabica to 173.75 US cents/lb, due to the anticipation of a new harvest. The domestic pepper market saw stable prices, with the lowest at 63,500 VND/kg and the highest at 66,000 VND/kg. Internationally, Lampung black pepper and Muntok white pepper prices increased by 0.58% and 0.57% respectively. The article also mentions that local traders are shifting to pepper business due to an increase in the amount of pepper sold by farmers. However, the target of a billion-dollar pepper industry this year is deemed difficult due to expected lower output and farmers' tendency to hoard goods.

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Original content

Coffee In the domestic market, the price of coffee decreased by 500 VND/kg. Lam Dong has the lowest price, losing the mark of 48,000 VND/kg; Dak Lak and Gia Lai closed at the highest level; Dak Nong has a price of 48,200 VND/kg. In the world market, the price of coffee on two exchanges dropped sharply. Robusta price for May 2023 on the London floor decreased by 29 USD, or 1.31%, to 2,185 USD/ton. The price of arabica for delivery of the same term on the New York Stock Exchange fell another 3.15 cents, or 1.78%, to close at 173.75 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 - The market remains confined within the recent trading price range. Dealers say robusta prices are up ...

Source: Vinanet