DNVN - On September 26, 2024, coffee prices recorded mixed increases and decreases with an amplitude of 100 - 200 VND/kg, fluctuating between 120,000 - 120,800 VND/kg. Meanwhile, pepper prices decreased by 1,000 - 3,000 VND/kg compared to the previous day, trading around 149,000 - 150,000 VND/kg.
Coffee prices fluctuate
At the end of the trading session on September 26, 2024, the price of Robusta coffee on the London floor reached 4,787 - 5,446 USD/ton. Specifically, the delivery term for November 2024 increased by 134 USD to 5,446 USD/ton; the delivery term for January 2025 increased by 117 USD to 5,152 USD/ton; the delivery term for March 2025 increased by 90 USD to 4,936 USD/ton and the delivery term for May 2025 increased by 78 USD to 4,787 USD/ton.
On the New York floor, the price of Arabica coffee on the morning of September 26, 2024 also increased by 0.65 - 1.30 cents/lb. The December 2024 delivery period increased by 0.49% to 269.10 cents/lb; the March 2025 delivery period increased by 0.38% to 266.85 cents/lb; the May 2025 delivery period increased by 0.30% to 264.15 cents/lb; and the July 2025 delivery period increased by 0.25%, closing at 260.90 cents/lb.
The price of Brazilian Arabica coffee in the session of September 26, 2024 also recorded a slight increase. Specifically, the December 2024 term increased by 0.08% to 319.30 USD/ton; the March 2025 term increased by 0.03% to 319.65 USD/ton; the May 2025 term increased by 0.32% to 325.15 USD/ton; and the July 2025 term increased by 0.27% to 320.90 USD/ton.
In the domestic market, coffee prices updated at 5:00 a.m. on September 26, 2024 recorded mixed increases and decreases of 100 - 200 VND/kg, ranging from 120,000 - 120,800 VND/kg. Currently, the average purchase price in the Central Highlands is 120,500 VND/kg, with the highest price of 120,800 VND/kg in Dak Nong, Dak Lak, Kon Tum and Gia Lai.
In Gia Lai (Chu Prong), coffee prices remained stable at VND120,700/kg compared to yesterday; Pleiku and La Grai remained at VND120,600/kg. Kon Tum recorded an increase of VND100/kg to VND120,800/kg. In Dak Nong, prices also increased by VND100/kg to VND120,800/kg.
The price of green coffee beans in Lam Dong, including Bao Loc, Di Linh, and Lam Ha districts, decreased by VND200/kg, down to VND120,000/kg compared to the previous session.
In Dak Lak, Cu M'gar district reported an increase of 100 VND/kg, reaching 120,800 VND/kg, while Ea H'leo and Buon Ho town were at 120,700 VND/kg.
Mr. Vo Dinh Danh, Director of Dak Mil Agricultural and Forestry Cooperative, said that coffee prices have increased sharply since the 2023-2024 crop year, making it difficult to purchase fresh coffee that meets 4C and organic standards to produce specialty coffee. The cooperative needs fresh coffee with a ripe fruit rate of 80-100%, but last season it only reached 60-70% because farmers picked early for fear of theft, affecting the purchase of quality raw materials.
Mr. Danh is concerned that the situation of picking unripe coffee beans may continue, making it difficult for the cooperative to purchase 100 tons of clean coffee beans. Picking unripe coffee beans not only reduces the output of clean coffee but also affects the reputation of Vietnamese coffee in the long term. Mr. Danh and the cooperative are working with the government to encourage farmers to pick only ripe coffee and protect their coffee plantations to ensure quality.
Pepper prices fell sharply
On September 26, 2024, pepper prices in key regions decreased by 1,000 - 3,000 VND/kg compared to yesterday, trading around 149,000 - 150,000 VND/kg. Dak Lak and Dak Nong reported the highest price of 150,000 VND/kg.
Specifically, in Dak Lak, pepper prices decreased by VND3,000 to VND150,000/kg. In Gia Lai (Chu Se), prices decreased by VND3,000, trading at VND149,000/kg. Dak Nong also decreased by VND2,000, reaching VND150,000/kg.
The Southeast region also recorded a decrease in pepper prices from 1,000 to 2,000 VND/kg. Binh Phuoc traded at 149,000 VND/kg, down 1,000 VND compared to yesterday. Ba Ria - Vung Tau decreased by 2,000 VND, to 149,000 VND/kg.
In summary, domestic pepper prices decreased by 1,000 - 3,000 VND/kg in key localities, with the highest price reaching 150,000 VND/kg.
According to the International Pepper Community (IPC), at the end of the most recent trading session, the price of Indonesian Lampung black pepper reached 6,963 USD/ton, up 0.62%. The price of Muntok white pepper increased 0.61%, reaching 9,458 USD/ton.
Brazilian ASTA 570 black pepper prices fell 2.22% to $6,750/ton, while Malaysian ASTA black pepper remained at $8,800/ton and ASTA white pepper at $11,200/ton.
Vietnam black pepper prices remained stable with 500 g/l at $6,800/ton and 550 g/l at $7,100/ton. Vietnam white pepper prices stood at $10,150/ton.
The Import-Export Department (Ministry of Industry and Trade) forecasts that world pepper prices will continue to remain high in the short term due to limited supply. Meanwhile, Brazil and Indonesia are in the harvest season, but demand is not increasing strongly, causing prices to only increase slightly.
In the long term, pepper export prices will continue to be supported by the expected decrease in Vietnam's 2025 crop output. Vietnam's 2025 pepper crop will be harvested in February and last until March and April, 1-2 months later than previous years due to prolonged drought, making pepper supply more difficult.
In addition, the Import-Export Department forecasts that the Vietnamese pepper industry will benefit from high export prices. According to the Vietnam Pepper and Spice Association (VPSA), pepper is almost gone among the people, remaining only at agents and business warehouses.
Stocks from the 2023 crop plus 2024 imports are estimated at around 40,000 - 45,000 tonnes, suggesting that export volumes will be lower than in previous years, at least until March 2025 when the new crop is harvested.
Data from the General Department of Customs shows that in the first 8 months of the year, Vietnam's pepper exports reached 182.93 thousand tons, worth 877.98 million USD, down 2.7% in volume, but up 42.8% in value over the same period in 2023 thanks to high pepper prices.
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Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-26-9-2024-gia-ho-tieu-sut-manh-ca-phe-tang-giam-trai-chieu/20240926082448627
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