DNVN - On October 28, 2024, domestic coffee prices remained stable, ranging from 109,400 to 110,000 VND/kg. Meanwhile, pepper prices decreased by 2,000 VND/kg compared to yesterday, trading at around 142,000-143,500 VND/kg.
Coffee prices remain unchanged
The trading session ended with the price of Robusta coffee on the London floor on October 28, 2024, at 5:00 a.m. recording an increase from 4,256 to 4,430 USD/ton. Specifically, the delivery period for November 2024 was 4,430 USD/ton (up 62 USD/ton); the delivery period for January 2025 was 4,411 USD/ton (up 74 USD/ton); the delivery period for March 2025 was 4,323 USD/ton (up 57 USD/ton) and the delivery period for May 2025 was 4,256 USD/ton (up 52 USD/ton).
Arabica coffee prices in New York on the morning of October 28, 2024 recorded an increase from 243.60 to 248.40 cents/lb. Notably, the December 2024 delivery period was 248.40 cents/lb (up 1.20%); the March 2025 delivery period was at 247.50 cents/lb (up 1.25%); the May 2025 period reached 246.15 cents/lb (up 1.30%) and the July 2025 period closed at 243.60 cents/lb (up 1.39%).
The price of Brazilian Arabica coffee on the morning of October 28, 2024 recorded fluctuations, increasing and decreasing alternately. Specifically, the December 2024 delivery period was 300.10 USD/ton (down 0.22%); the March 2025 delivery period was 300.00 USD/ton (down 0.37%); the May 2025 delivery period was 301.40 USD/ton (up 1.40%) and the July 2025 delivery period was 297.95 USD/ton (up 1.52%).
Domestic coffee prices updated at 5:00 a.m. on October 28, 2024 remained stable between VND109,400 and VND110,000/kg. Currently, the average purchase price in the Central Highlands is VND109,700/kg, with the highest price recorded in Dak Nong at VND110,000/kg.
Coffee prices in Gia Lai (Chu Prong) remained unchanged at VND109,800/kg compared to yesterday; in Pleiku and La Grai, prices remained unchanged at VND109,700/kg. In Kon Tum, coffee prices were stable at VND109,800/kg compared to the previous day; in Dak Nong, coffee was purchased at the highest price of VND110,000/kg.
The price of green coffee beans in Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, remained stable at VND109,400/kg, unchanged from the previous day.
On October 28, 2024, in Dak Lak, coffee in Cu M'gar was purchased at about 109,800 VND/kg, remaining the same as the general trend; while in Ea H'leo district and Buon Ho town, the price was at 109,700 VND/kg.
At the end of last week, domestic coffee prices fell sharply with an average decrease of 1,800 VND/kg.
By the end of September, Vietnam had imported about 139,000 tons of coffee, reaching a turnover of nearly 527 million USD, up 36% in volume and 76% in value compared to the same period last year. This reflects the limited domestic supply, causing businesses to increase imports of raw coffee.
Vietnam’s coffee imports increased towards the end of the season. In September alone, the country imported 14,400 tons of coffee, worth nearly $65 million, up 54% in volume and 132% in value over the same period last year.
Despite purchasing coffee at an average price lower than the export price, Vietnamese businesses still prioritize importing cheap raw materials to serve the production of instant coffee and processed coffee. The main supplies come from countries such as Laos, Indonesia, Brazil, Colombia, Ethiopia and Peru.
Domestic coffee prices are currently fluctuating between VND109,400 and VND110,000 per kilogram and may fall further in the coming days due to abundant global supply. The shortage of domestic supply has forced Vietnam to increase imports to meet production needs.
Pepper prices continue to fall
Domestic pepper prices on October 28, 2024 in the Southeast region decreased by another 2,000 VND/kg compared to yesterday, currently trading around 142,000-143,500 VND/kg, with the highest price recorded in Dak Nong and Dak Lak at 143,500 VND/kg.
Accordingly, the pepper price in Dak Lak was purchased at 143,500 VND/kg, down 2,000 VND/kg compared to yesterday. The pepper price in Chu Se (Gia Lai) also decreased 2,000 VND/kg, down to 142,000 VND/kg. In Dak Nong, the pepper price today was recorded at 143,500 VND/kg, down 2,000 VND/kg compared to yesterday.
The Southeast region today witnessed fluctuations in pepper prices compared to the previous day. In Binh Phuoc, pepper prices today are at 142,000 VND/kg, down 2,000 VND/kg; in Ba Ria - Vung Tau, pepper prices are at 143,000 VND/kg, down 2,000 VND/kg.
Thus, domestic pepper prices in key areas today continued to decline, with the highest price at 143,500 VND/kg, fluctuating between 142,000-143,500 VND/kg.
According to the International Pepper Community (IPC), the price of Indonesian Lampung black pepper, ending the latest trading session, was listed at 6,724 USD/ton, stable compared to yesterday; the price of Muntok white pepper was 9,205 USD/ton, unchanged from the previous one.
The price of Brazilian ASTA 570 black pepper stood at $6,400 per tonne. The price of Malaysian ASTA black pepper was $8,500 per tonne, while the country’s ASTA white pepper reached $11,000 per tonne.
Vietnam's black pepper price is currently trading at 6,500 USD/ton for 500 g/l; 550 g/l is priced at 6,800 USD/ton; white pepper is at 9,500 USD/ton.
Pepper prices continued to fall this week due to the shift of cash flow to coffee. Coffee is at the beginning of the season and prices have doubled compared to last year, requiring large capital from traders and agents. Some people chose to sell off their pepper inventory to consolidate goods, while demand has not improved, causing pepper prices to fall.
Market experts predict that the downward trend in pepper prices will continue this week. However, the rain and flood circulation after storm Tra Mi may affect pepper gardens, raising concerns about the impact on next year's crop output.
Thanh Nien newspaper reported that in Gia Lai, many farmers have begun to consider replanting pepper trees as prices tend to increase again. However, with memories of previous difficulties, they are currently only planting sparingly or replanting on old pepper poles interspersed in coffee gardens.
Mr. Hoang Phuoc Binh, Permanent Vice President of Chu Se Pepper Association, said that the increase in pepper price is an opportunity to redevelop this valuable crop in the coming time.
Lan Le (t/h)
Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-28-10-2024-ho-tieu-giam-manh-ca-phe-giu-muc-on-dinh/20241028094904614
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