Vietnam: Coffee and peppercorn market on 2/3/2023

Published 2023년 3월 2일

Tridge summary

The article reports on the current market trends and prices for coffee and pepper. It highlights an increase in Vietnam's coffee prices, reaching near 48,000 dong/kg, with varying prices across regions, and a slight decrease in black pepper prices, attributed to a new harvest with lower yields and a drop in demand from the EU and US. The global coffee market is experiencing mixed trends, with Robusta coffee prices rising in London, while Arabica prices are down in New York, influenced by tight spot markets and export restrictions. The article also mentions the efforts towards sustainable pepper production in Brazil, which is expected to increase its production in 2023, despite challenges such as weak demand and disrupted supply chains in the international pepper market post-COVID-19.

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 600 dong, approaching the mark of 48,000 dong/kg. Lam Dong has the lowest price at 47,400 VND/kg; Dak Lak has the highest level at 47,900 VND/kg; Gia Lai, Dak Nong settled at 47,800 VND/kg. On the world market, the price of Robusta for May contract in May 2023 on the London floor increased sharply by 37 USD, equivalent to 1.73% to 2,177 USD/ton. New York futures arabica futures minus 2.75 cents, or 1.48%, to 183.55 US cents/lb, after touching a 1.5-week low at 180.25 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: - Coffee prices on the two futures exchanges have mixed movements. Arabica coffee is ...

Source: Vinanet