Vietnam: Coffee and pepper market today, March 1, 2023

The article reports on the current market trends and prices for coffee and pepper in both Vietnam and global markets. In Vietnam, coffee prices have slightly increased, with robusta and arabica priced at 2,140 USD/ton and 186.3 USD cents/lb respectively. Meanwhile, robusta coffee exports are expected to decrease by 13.1% in the first two months of 2023. On the other hand, pepper exports have seen a significant increase of 26.13% in volume and 9.52% in value compared to the same period last year, with Vietnam maintaining a 42% market share in the global pepper market.

Furthermore, the article discusses the effects of weather conditions and agreements on coffee and pepper production. It mentions a potential expansion of coffee growing areas due to the Mecosur agreement, which has led to an increase in robusta coffee futures prices. Additionally, it highlights the impact of drought and recent rainfall on Brazil's coffee and pepper production, with Rabobank revising its forecast for Brazil's 2023/24 arabica production to 42.3 million bags from 45.4 million bags.

Moreover, the article provides details on the pricing of coffee and pepper, including in Vietnam, Indonesia, Brazil, Malaysia, and the United States. It also notes the fluctuation in average export prices of pepper and the cross-rate of the Vietnam Dong to Indian Rupees for export and import tax calculation.