On August 6, pepper prices fell sharply to the bottom, coffee prices decreased slightly.
On August 6, pepper prices dropped sharply by 6,000 VND/kg, down to the lowest level of 140,000 VND. Coffee prices also dropped slightly, leaving the 123,000 VND/kg mark.
Coffee price today 8/6/2024
The Vietnamese coffee market witnessed a slight downward adjustment with a decrease of VND 500/kg compared to yesterday, according to the update at 4:30 a.m. on August 6, 2024.
The average coffee price is currently fluctuating around VND122,500/kg in the provinces of the Central Highlands, with the highest price recorded in Dak Nong at VND122,600/kg.
In Dak Lak, coffee prices on August 6 decreased by 500 VND/kg compared to yesterday, with specific prices in Cu M'gar at 122,500 VND/kg and in Buon Ho at 122,400 VND/kg.
Dak Nong coffee prices also decreased similarly, at VND122,600/kg in Gia Nghia and VND122,500/kg in Dak R'lap.
Lam Dong also recorded a purchase price of green coffee beans of 122,000 VND/kg in districts such as Di Linh, Lam Ha and Bao Loc.
In Gia Lai and Kon Tum, coffee prices decreased slightly to VND122,500/kg in Chu Prong and VND122,400/kg in Pleiku and La Grai.
In the international market, the price of Robusta coffee in London for delivery in September 2024 decreased sharply by 70 USD/ton, at 4,157 USD/ton, and for delivery in November 2024 decreased by 72 USD/ton, at 4,016 USD/ton.
Arabica coffee prices for September 2024 delivery also fell sharply by 4.45 cents/lb, to 226.05 cents/lb, and for December 2024 delivery by 4.90 cents/lb, to 224.65 cents/lb.
Pepper price today 8/6/2024
Domestic pepper prices today, August 6, are currently fluctuating from 140,000 to 141,000 VND/kg, down 6,000 VND compared to yesterday.
Updated at 4:00 a.m. on August 6, 2024, the average pepper price reached 140,800 VND/kg, with the highest price recorded in Dak Nong, Dak Lak, Dong Nai, Vung Tau and Binh Phuoc at 141,000 VND/kg.
The international market on August 6 recorded stable prices from major exporters, with Indonesia and Brazil maintaining black and white pepper prices respectively.
Vietnam's black and white pepper prices in the international market remain stable, with the price for 500 gr/l black pepper at 6,000 USD/ton and white pepper at 8,800 USD/ton.
Vietnamese pepper is facing strict import inspections in the EU, with inspection rates of up to 50%, and is at risk of import restrictions if the situation does not improve.
