At the end of the trading session, the price of Robusta coffee on the London floor on September 20, 2024 at 5:00 a.m. was 4,659 - 5,248 tons. Specifically, the delivery period for November 2024 was 5,248 USD/ton, down 86 USD/ton; the delivery period for January 2025 was 4,989 USD/ton, down 81 USD/ton; the delivery period for March 2025 was 4,798 USD/ton, down 73 USD/ton and the delivery period for May 2025 was 4,659 USD/ton, down 74 USD/ton.
Arabica coffee prices on the New York floor on the morning of September 20, 2024, red dominated, with a decrease of 2 - 2.75 cents/lb. Specifically, the December 2024 delivery period was 261.65 cents/lb, down 1.04%; the March 2025 delivery period was 259.70 cents/lb, down 0.99%); the May 2025 delivery period was 257.40 cents/lb (down 0.94%) and the July 2025 delivery period was 254.60, down 0.78%.
The price of Brazilian Arabica coffee decreased on the morning of September 20, 2024. Specifically, the delivery period for December 2024 was 309.60 USD/ton, down 0.31%; the delivery period for March 2025 was 311.80 USD/ton (up 0.21%); the delivery period for May 2025 was 311.25 USD/ton, down 0.29% and the delivery period for July 2025 was 316.25 USD/ton, down 1.02%.
Domestic coffee prices were updated at 5:00 a.m. on September 20, 2024, increasing by 100 - 200 VND/kg, ranging from 123,200 - 123,600 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 123,400 VND/kg, the highest purchase price in Dak Nong, Dak Lak, and Kon Tum provinces is 123,600 VND/kg.
Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 123,500 VND, an increase of 100 VND/kg compared to yesterday, in Pleiku and La Grai the price is 123,400 VND/kg. In Kon Tum province, the price is 123,600 VND/kg, an increase of 200 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at 123,600 VND/kg, an increase of 200 VND/kg compared to yesterday.
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 123,200 VND/kg, an increase of 200 VND/kg compared to yesterday.
Coffee prices today (September 20) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 123,600 VND/kg, an increase of 200 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 123,500 VND/kg.
Storm No. 4 is expected to bring moderate to heavy rain and thunderstorms to the Central Highlands, which could affect the upcoming coffee harvest. The continuous rain and storms are likely to delay the harvest, while coffee prices are at an all-time high.
Market analysts are closely monitoring weather changes in Vietnam, especially from October 2024, with concerns about unusually early coffee ripening.
Rabobank noted that rainfall has been lacking in Arabica coffee growing regions since the start of the dry season, and forecasts that the global coffee market could see a small surplus next year. Factors such as shipping delays, container shortages, and new EU anti-deforestation laws could keep coffee prices high this year.
Pepper prices increased from 500 - 2,000 VND/kg
Pepper prices today in key regions increased by 500 - 2,000 VND/kg compared to yesterday and traded around 148,500 - 151,000 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces was 151,000 VND/kg.
Accordingly, Dak Lak pepper price was purchased at 151,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 148,500 VND/kg, an increase of 500 VND/kg.
In the Southeast region, pepper prices today increased by 1,000 - 2,000 VND/kg compared to yesterday. Specifically, in Binh Phuoc, pepper prices today are at 150,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday. In Ba Ria - Vung Tau, it is at 149,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday.
Illustration photo. (Photo source: Internet)
Thus, domestic pepper prices today increased by 500 - 2,000 VND/kg in key localities. The highest pepper price is at 151,000 VND/kg.
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 7,589 USD/ton, and the price of Muntok white pepper at 9,154 USD/ton.
The price of Brazilian ASTA 570 black pepper is at 7,000 USD/ton. The price of Malaysian ASTA black pepper is at 8,800 USD/ton; the price of this country's ASTA white pepper is at 10,900 USD/ton.
Vietnam black pepper price is traded at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper price at 10,150 USD/ton.
Preliminary statistics from the Vietnam Pepper and Spice Association show that in the first 15 days of September 2024, Vietnam exported 6,917 tons of pepper, with a total export turnover of 42.3 million USD. On the other hand, Vietnam imported 706 tons, with a total import turnover of 3.7 million USD.
Pepper prices are unlikely to increase in the near future due to reduced demand in major markets such as the United States, the European Union and Asia. China continues to import pepper but in insignificant quantities.
According to Mr. Le Duc Huy, General Director of Dak Lak 2/9 Import-Export Company Limited - Simexco, Vietnam still has about 30% of inventory, about 50,000 to 55,000 tons. Traditional markets are not rushing to buy more, waiting for a more stable price.
Despite the somewhat reduced supply, there are no signs of a sharp increase in pepper prices as at the beginning of the year. Despite farmers’ hopes for higher prices, pepper prices are likely to stabilize at current levels in the near future.
Source: https://doanhnghiepvn.vn/kinh-te/gia-nong-san-ngay-20-9-2024-gia-ca-phe-va-ho-tieu-deu-tang/20240920073225371
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