Agricultural product prices today, August 13: Pepper and coffee both decreased sharply

Coffee price today August 13th domestic decreased, world increased

At the end of the trading session, the price of Robusta coffee on the London floor on August 13, 2024 at 5:00 a.m. increased to 4,085 - 4,574 USD/ton. Specifically, the delivery period for September 2024 is 4,574 USD/ton (up 248 USD/ton); the delivery period for November 2024 is 4,401 USD/ton (up 239 USD/ton); the delivery period for January 2025 is 4,237 USD/ton (up 218 USD/ton) and the delivery period for March 2025 is 4,085 USD/ton (up 197 USD/ton).

Arabica coffee prices on the New York floor on the morning of August 13, 2024 increased from 235.90 - 245.60 cents/lb. Specifically, the September 2024 delivery period is 245.60 cents/lb (up 4.93%); the December 2024 delivery period is 242.65 cents/lb (up 5.39%); the March 2025 delivery period is 238.70 cents/lb (up 5.25%) and the May 2025 delivery period is 235.90 cents/lb, (up 5.01%).

The price of Brazilian Arabica coffee fluctuated sharply on the morning of August 13, 2024. Specifically, the delivery period for September 2024 was 302.50 USD/ton (up 4.06%); the delivery period for December 2024 was 297.10 USD/ton (up 4.78%); the delivery period for March 2025 was 276.95 USD/ton (down 3.90%) and the delivery period for May 2025 was 273.00 USD/ton (down 3.62%).

Domestic coffee prices, updated at 5:00 a.m. on August 13, 2024, slightly decreased compared to yesterday, ranging from 117,800 - 118,500 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 118,400 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 118,500 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 118,300 VND, in Pleiku and La Grai the same price is 118,200 VND/kg; in Kon Tum province, coffee is purchased at 118,300 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 118,500 VND/kg.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 117,800 VND/kg.

Coffee price today, August 13, in Dak Lak province was purchased at about 118,500 VND/kg; in Cu M'gar district, coffee was purchased at about 118,500 VND/kg, and in Ea H'leo district, Buon Ho town, it was purchased at the same price of 118,400 VND/kg.

Pepper price today August 13 decreased sharply

Pepper price today, August 13, 2024, in the Southeast region decreased sharply by 4,000 - 5,000 VND/kg in some localities compared to yesterday, trading around 137,000 - 138,000 VND/kg, the highest purchase price in Dak Lak province is 138,000 VND/kg.

Specifically, Dak Lak pepper price was purchased at 138,000 VND/kg, down 4,000 VND compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 137,000 VND/kg, down 5,000 VND compared to yesterday. Dak Nong pepper price today was recorded at 137,500 VND/kg, down 4,500 VND/kg compared to yesterday.

In the Southeast region, pepper prices today decreased sharply compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 137,000 VND/kg, down 4,500 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 137,000 VND/kg, down 4,000 VND/kg compared to yesterday.

Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 7,320 USD/ton, and the price of Muntok white pepper at 8,970 USD/ton.

The price of Brazilian ASTA 570 black pepper remained stable at USD 6,100/ton, down 4.92%. The price of Malaysian ASTA black pepper remained stable at USD 8,500/ton; the price of this country's ASTA white pepper reached USD 10,400/ton.

Vietnam's black pepper price remains at a high level of 5,8000 USD/ton for 500 g/l; 550 g/l at 6,200 USD/ton; white pepper price at 8,500 USD/ton...

Vietnam Pepper and Spice Association concluded that the average domestic pepper price in July 2024 reached 150,000 VND/kg, an increase of 82.9% compared to January and an increase of +120.6% compared to the same period in 2023. On average, the price of black pepper in the first 7 months of 2024 increased by 66.5% compared to 2023.

Meanwhile, the export price of black pepper in June 2024 reached 5,067 USD/ton, up 31.6% compared to January, reaching 3,851 USD/ton. The average export price of black pepper in the first 6 months increased by 17.1% compared to the same period last year. Shortage of supply due to reduced harvest output in Vietnam and Brazil was the main reason for the increase in pepper prices in the second quarter of 2024.