Agricultural product prices on November 14, 2024: Coffee continues to increase, pepper prices remain stable

DNVN - On November 14, 2024, domestic coffee prices recorded an increase of 300-600 VND/kg, fluctuating between 110,100 and 110,400 VND/kg. Meanwhile, pepper prices remained stable in major regions, fluctuating between 138,000 and 139,000 VND/kg.

Robusta coffee prices tend to increase slightly

Closing the trading session on November 14, 2024 at 5:00 a.m., the price of Robusta coffee on the London floor was recorded at 4,405 - 4,632 USD/ton. For specific delivery terms, the price for January 2025 delivery reached 4,632 USD/ton, up 95 USD; the price for March 2025 delivery reached 4,552 USD/ton, up 91 USD; the price for May 2025 delivery was at 4,486 USD/ton, up 92 USD and the price for July 2025 delivery reached 4,405 USD/ton, up 88 USD.

Arabica coffee prices on the New York floor on the morning of November 14, 2024 tended to increase, in which the increase ranged from 266.85 to 271.65 cents/lb. Specifically, the December 2024 delivery period increased to 271.65 cents/lb (3.07%); the March 2025 delivery period was at 271.20 cents/lb (3.08%); the May 2025 delivery period was at 269.90 cents/lb (3.23%) and the July 2025 delivery period was at 266.85 cents/lb (3.27%).

Brazilian Arabica coffee prices also increased on the morning of November 14, 2024, with the December 2024 term recorded at 328.70 USD/ton (up 6.41%); the March 2025 term reached 338.75 USD/ton (up 0.82%); the May 2025 term reached 332.85 USD/ton (3.48%) and the July 2025 term was 328.70 USD/ton (6.41%).

Updated at 5:00 a.m. on November 14, 2024, domestic coffee prices increased by 300-600 VND/kg, ranging from 110,100 - 110,400 VND/kg. Currently, the average purchase price in the Central Highlands is 110,300 VND/kg, with Dak Nong having the highest price of 110,400 VND/kg.

In Gia Lai, the coffee purchase price in Chu Prong reached 110,300 VND/kg, an increase of 600 VND; Pleiku and La Grai were both at 110,200 VND/kg. In Kon Tum , the price was 110,300 VND/kg, an increase of 600 VND; while in Dak Nong, it reached 110,400 VND/kg, an increase of 500 VND/kg.

The price of green coffee beans in Lam Dong in Bao Loc, Di Linh, and Lam Ha districts is at 110,100 VND/kg, an increase of 300 VND.

Meanwhile, coffee prices in Dak Lak on November 14, 2024 were recorded at VND 110,300/kg in Cu M'gar, up VND 600; Ea H'leo and Buon Ho remained at VND 110,200/kg.

For the 2023-2024 coffee season, prices and production have improved significantly after many difficult years due to crop failures and low prices. However, Gia Lai coffee growers are still concerned about coffee theft.

Nguyen Duc Tan, Chairman of the Ia Krai Commune People’s Committee, said the commune has established 15 security teams with 48 members to patrol. The authorities also require agricultural businesses not to buy unripe coffee or coffee from unknown sources, especially from underage children. Suspicious cases must be reported immediately to the police.

Thefts are not only happening in Ia Grai but also in Duc Co, Dak Doa districts and Pleiku city. Many coffee gardens have had their fruits stolen and trees destroyed by thieves, forcing farmers to install cameras and set up tents to guard them all night.

Faced with this situation, Gia Lai Provincial Police recommend that farmers proactively protect their property by installing lighting, security cameras and alarm bells.

Pepper prices remain stable

On November 14, 2024, pepper prices in the Southeast remained unchanged, ranging from 138,000 - 139,000 VND/kg; Dak Nong, Dak Lak, and Binh Phuoc provinces maintained the highest prices.

Pepper prices in Dak Lak remained at 139,000 VND/kg, while Chu Se (Gia Lai) recorded an increase of 500 VND, up to 138,500 VND/kg. Dak Nong remained at 139,000 VND/kg, unchanged from yesterday.

Pepper prices in the Southeast region on November 14, 2024 were stable compared to the previous day. Specifically, in Binh Phuoc, pepper remained at 139,000 VND/kg; Ba Ria - Vung Tau remained unchanged, remaining at 138,000 VND/kg.

In general, domestic pepper prices remained unchanged in key areas today. The highest price reached VND139,000/kg and the lowest was VND138,000/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 6,514 USD/ton, down 0.06%; the price of Muntok white pepper reached 9,116 USD/ton, down 0.07%.

The price of ASTA 570 black pepper from Brazil was traded at USD 6,000/ton, down 5.00%, while the price of ASTA black pepper from Malaysia remained at USD 8,500/ton; the price of ASTA white pepper from Malaysia reached USD 11,000/ton.

The price of Vietnamese black pepper also decreased sharply, 500 g/l at 6,200 USD/ton, down 4.84%; 550 g/l at 6,500 USD/ton, down 4.62%; white pepper price at 9,400 USD/ton, down 1.06%.

The impact of the prolonged heat wave in early 2024 has affected pepper productivity, and output in 2025 is expected to continue to decline. Pepper prices in 2025 are forecast to be higher than in 2024, possibly reaching a maximum of VND160,000/kg.

The Import-Export Department (Ministry of Industry and Trade) forecasts that pepper exports will face difficulties at the end of this year due to limited supply and low demand from China. It is expected that in early 2025, the situation will be more positive with a forecast of strong demand from this market.

Experts forecast a positive outlook for pepper consumption at the end of the year thanks to demand from China and the festive season. However, next year’s pepper harvest may be delayed by a month, affecting supply.

According to experts, domestic pepper prices are likely to remain below VND150,000/kg due to rising gold and USD prices and the upcoming coffee harvest. Vietnam’s pepper export prices remain stable at high levels due to scarce supply.

Lan Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-14-11-2024-ca-phe-tiep-da-tang-ho-tieu-giu-gia-on-dinh/20241114082831624