Agricultural product prices on January 19, 2025: Coffee increased slightly, pepper was stable

DNVN - On January 19, 2025, agricultural product prices in Vietnam recorded a slight increase in green coffee, with an increase ranging from 300 to 500 VND/kg compared to the previous week. In addition, pepper prices were stable, with no significant changes compared to previous trading sessions.

Coffee recorded a slight increase

On the morning of January 19, 2025, the price of Robusta coffee on the London floor reversed and increased again, with the trading prices of all terms increasing sharply. Specifically, the price of coffee for delivery in March 2025 was 5,006 USD/ton, May 2025 was 4,962 USD/ton, July 2025 was 4,881 USD/ton, and September 2025 was 4,790 USD/ton.

Similarly, Arabica coffee prices in New York also tend to increase, with prices recorded at the March 2025 term at 328.35 cents/lb, May 2025 at 324.60 cents/lb, July 2025 at 318.25 cents/lb, and September 2025 at 309.45 cents/lb.

For Brazilian Arabica coffee, prices also fluctuate depending on the term. The price of coffee for delivery in March 2025 is 406.00 USD/ton, in May 2025 is 400.00 USD/ton, in July 2025 is 396.60 USD/ton and in September 2025 is 380.00 USD/ton.

Domestically, the Central Highlands coffee market witnessed a sharp drop in prices at the beginning of the week, but recovered and increased at the end of the week, closely following the international market trend.

According to the summary, the price of green coffee beans in domestic provinces increased slightly from 300 to 500 VND/kg last week, reaching a trading level of 118,300 to 119,500 VND/kg.

Specifically, Dak Nong province recorded an increase of VND500/kg, with the current coffee price being VND119,500/kg. In Dak Lak and Gia Lai, coffee prices also increased from VND300 to VND500/kg, reaching VND119,300/kg.

In Lam Dong province alone, coffee prices remained unchanged at 118,300 VND/kg.

The domestic coffee market was supported by weather factors, with lower-than-average rainfall in Brazil leading to concerns about coffee supply. Meanwhile, coffee trading in Vietnam was quite active as the harvest season was about to end and farmers boosted sales ahead of the Lunar New Year.

Pepper prices are stable

The domestic pepper market has not changed significantly, remaining stable, with purchase prices ranging from 145,000 to 146,000 VND/kg. The current average price is 145,500 VND/kg.

Specifically, pepper prices in Gia Lai and Binh Phuoc remained stable at VND145,000/kg. In Ba Ria - Vung Tau and Dak Nong provinces, pepper prices remained at VND146,000/kg. After a slight increase, pepper prices in Dak Lak stabilized at VND145,500/kg.

In the international market, pepper prices continue to remain stable at high levels. Lampung black pepper (Indonesia) is currently listed at USD 7,113/ton, while Muntok white pepper is priced at USD 9,193/ton. The Malaysian market also remains stable, with ASTA black pepper prices at USD 9,000/ton and ASTA white pepper at USD 11,600/ton. Similarly, pepper prices in Brazil remain high, with black pepper prices here reaching USD 6,350/ton.

In Vietnam, pepper export prices recorded a slight decrease but remained at a fairly high level. Specifically, black pepper export prices were at 6,350 USD/ton (500 g/l) and 6,650 USD/ton (550 g/l); white pepper export prices were sold at 9,550 USD/ton.

According to a report from VPSA, domestic pepper prices in the last three months of 2024 did not fluctuate much, remaining at an average of VND140,000 - 150,000/kg. Compared to the beginning of the year, black pepper prices increased by 75.6%, while white pepper increased by 68.8%. Pepper export prices also recorded increases of 30.7% for black pepper and 28.6% for white pepper, respectively.

Although China reduced pepper imports from Vietnam by 82.4% in 2024, but increased imports from Indonesia by 76.8%, the amount of imports from Indonesia is still not enough to meet China's consumption demand. Pepper inventories in China are currently low, and expectations of a price reduction have not materialized as pepper prices have remained stable over the past three months. The market predicts that China may wait until Vietnam's main harvest, after the Lunar New Year, to start buying pepper again.

Lan Le (t/h)

Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-19-1-2025-ca-phe-tang-nhe-ho-tieu-on-dinh/20250119091222944