November 2: Coffee prices fall, pepper prices continue to rise

(GLO)- Today (November 2), domestic coffee prices continued to fall by another 1,200-1,300 VND/kg. On the contrary, pepper prices continued to increase by 500-1,000 VND/kg compared to the previous trading session.

On November 2, domestic coffee prices continued to fall by another 1,200-1,300 VND/kg. Photo: Internet

Specifically, in Gia Lai and Dak Lak , coffee prices both decreased by VND1,200/kg, down to VND116,500/kg and VND116,800/kg, respectively. In Lam Dong alone, coffee prices dropped sharply by VND1,300/kg, reaching VND115,500/kg.

Going into the first week of November, the coffee market is expected to trade cautiously. In the short term, prices may fluctuate according to rainfall in Brazil and the progress of the harvest in Vietnam. If the weather is favorable and production increases, prices may continue to face downward pressure.

Pepper prices continue to increase by 500-1,000 VND/kg compared to the trading session on November 1. Photo: Internet

Meanwhile, domestic pepper is trading around 145,500-148,000 VND/kg, after continuing to increase by 500-1,000 VND/kg.

Gia Lai and Ho Chi Minh City are the two localities with the lowest increase of 500 VND/kg, both reaching 145,500 VND/kg. Pepper in Dak Lak and Lam Dong both increased by 1,000 VND/kg, currently priced at 148,000 VND/kg.

In Dong Nai , pepper price remains stable at 146,000 VND/kg.

Source: https://baogialai.com.vn/ngay-2-11-ca-phe-rot-gia-ho-tieu-tiep-da-tang-post571026.html