Vietnamese coffee and pepper market today 03/3/2023

Published 2023년 3월 3일

Tridge summary

The article reports on the current market trends and prices for coffee and pepper in Vietnam and globally. It highlights the increase in robusta coffee prices due to slow domestic sales, while arabica prices have weakened from strong selling pressure. The price of Lampung black pepper and Kuching white pepper have also seen a decrease. In Vietnam, farmers are advised to time their harvest for higher quality peppers to meet export standards. Indonesia's pepper production is expected to decrease due to consecutive droughts and low prices, driving farmers to switch to alternative crops. The State Bank of Vietnam has set the cross rate of Vietnam Dong to Indian Rupees for export and import tax calculation.

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 increased by 200 VND, bringing the highest price to 48,300 VND/kg. Lam Dong has the lowest price at 47,900 VND/kg; Gia Lai, Dak Nong settled at 48,200 VND/kg. On the world market, the price of robusta for May 2023 on the London floor added 3 USD, or 0.14%, up at 2,180 USD/ton. The price of arabica for delivery of the same term on the New York Stock Exchange was still mixed with a decrease of 1.35 cents, or 0.74%, to 182.2 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's slow sales caused robusta prices to continue to increase, while arabica weakened due to strong selling pressure from leading ...

Source: Vinanet