Coffee prices increase slightly, pepper prices drop sharply by 3,000 VND/kg

(GLO)- On October 15, coffee prices in key growing areas increased slightly by 500-700 VND/kg. Meanwhile, pepper prices fell sharply by 3,000 VND/kg, currently at 144,500-147,000 VND/kg.

Specifically, in Gia Lai and Dak Lak provinces, coffee prices increased by 700 VND/kg today, reaching 114,200 VND/kg and 114,500 VND/kg respectively. In Lam Dong, with an increase of 600 VND/kg, coffee reached a trading price of 114,600 VND/kg.

Pepper prices plummeted by 3,000 VND/kg on October 15th. (Image: Internet)

Notably, after several stable sessions, domestic pepper prices recorded a sharp "plunge" today, falling by as much as 3,000 VND/kg.

Accordingly, today's pepper prices in Dak Lak and Lam Dong provinces both decreased by 1,000 VND/kg, currently at 147,000 VND/kg; in Gia Lai province, prices decreased by 1,500 VND/kg, currently at 144,500 VND/kg.

In the Southeast region, pepper prices in Ho Chi Minh City have dropped sharply by 3,000 VND/kg, currently at 146,000 VND/kg; in Dong Nai province, prices have decreased by 2,000 VND/kg, down to 145,000 VND/kg.

This adjustment is occurring amidst a slight increase in domestic supply as some households sell off their produce after prices peaked for the short term. However, many traders believe the downward trend may only be temporary, as export demand remains high.

Source: https://baogialai.com.vn/ca-phe-nhich-tang-ho-tieu-giam-manh-den-3000-dongkg-post569344.html