Vietnam: Coffee and pepper markets on March 16

Published Mar 16, 2023

Tridge summary

The article reports a decrease in both the domestic and global prices of coffee and pepper. Vietnamese coffee exports for the first five months of the crop year 2022/23 reached 748 thousand tons, with concerns about potential supply shortages if other robusta producing countries reduce production. Meanwhile, global coffee exports for the first four months of the same crop year saw a decrease of 6% compared to the previous year. As for pepper, the price of black pepper in Vietnam increased slightly, while Brazilian black pepper ASTA 570 saw a decrease. China's pepper imports are on the rise, making up 25% of Vietnam's total pepper exports, despite the US remaining the leading market in terms of revenue. The State Bank of Vietnam announced the cross-rate of the Vietnam dong against the Indian rupee for export and import tax calculation.

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Original content

Coffee In the domestic market, the price of coffee simultaneously lost another 200 VND/kg. Lam Dong has the lowest price; Dak Lak closed the highest level; Gia Lai is priced at 46,600 VND/kg and Dak Nong is at 46,500 VND/kg. In the world market, the price of robusta for May 2023 on the London floor had a series of consecutive declines with a decrease of 11 USD, or 0.53%, to 2,069 USD/ton – the lowest level in a month. Arabica for the same term on the New York Stock Exchange fell 2.85 cents, or 1.62%, to 172.6 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 coffee exports in the first 5 months of crop year 2022/23 reached a total of 748 thousand tons ...

Source: Vinanet