Coffee prices today September 13: Turning back to decrease by 200 VND / kg in the past week, pepper prices remained stable

Published 2020년 9월 13일

Tridge summary

Coffee prices in Vietnam have dropped by 200-300 VND / kg in several provinces due to the COVID-19 crisis, causing instability. Fairtrade's supply chain manager, Becky Forecast, emphasizes the difficulties these fluctuations create for planning and covering costs. Meanwhile, pepper prices in the Central Highlands provinces remained stable, with a slight increase reaching 48,000 VND / kg on average. Despite the challenges, pepper exports in August reached 18 thousand tons, valued at $45 million, and the average export price for pepper in the first eight months of 2020 was $2,198 per ton, marking a decrease from the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee prices turned to decrease by 200-300 VND / kg. See also: Coffee prices today 14/9 Last week, coffee prices fell back by 200 VND / kg in Lam Dong, Dak Lak, Gia Lai and dropped by 300 VND. / kg in Kom Tum, Ho Chi Minh City currently prices are ranging from 32,900 - 35,200 VND / kg. In the Central Highlands region, the highest price in Dak Lak is 33,800 VND / kg and the lowest in Lam Dong is 32,900 VND / kg. "The volatility of coffee prices is a big problem and the COVID-19 crisis has exacerbated that," said Becky Forecast, supply chain manager at trade group Fairtrade. Ms. Forecast added that the price changes make it difficult to plan ahead and offset costs, make the way Fairtrade does business, guarantees minimum prices for producers, etc. should be more important than ever. “That assurance is not only important to the farmer but also the long-term sustainability of the coffee. If the farmer does not cover the production cost, there will be little incentive to continue ...
Source: Vietnambiz

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