August 12: Coffee price increased slightly by 100-200 VND/kg, pepper price remained unchanged

(GLO)- Domestic coffee prices on August 12 increased slightly by 100-200 VND/kg compared to yesterday. Meanwhile, the pepper market remained stable and continued to move sideways.

Currently, the average coffee purchase price in key areas is 104,000 VND/kg. Specifically, in Gia Lai , coffee is priced at 103,800 VND/kg (an increase of 200 VND/kg).

Coffee prices increased slightly by 100-200 VND/kg, pepper prices remained unchanged on August 12.
Illustration: Internet

With the same increase, coffee prices in Dak Lak province rose to VND104,000/kg. In Lam Dong province, after increasing by VND100/kg, coffee was purchased by traders at VND103,600/kg.

According to experts, the recovery of coffee prices in August was due to many factors, including: the imbalance between supply and demand; the recent decrease in Brazil's coffee exports; changes in international trade policy, especially the US's imposition of high tariffs on imported goods from Brazil.

As for pepper, the price continues to be stable in the market and unchanged compared to yesterday. Currently, the average pepper purchase price in key areas is 140,800 VND/kg.

Accordingly, in Gia Lai, Dong Nai and Ho Chi Minh City, pepper is being purchased by traders at the same price of 140,000 VND/kg. Meanwhile, in Lam Dong and Dak Lak provinces, pepper prices continue to hold the highest position in the country, at 142,000 VND/kg.

Domestic pepper prices have been trending sideways and remaining high due to limited supply, while demand from major markets such as China, the US and Europe is recovering. Some farmers are actively holding onto their stocks waiting for higher prices, further reducing the amount of pepper on the market and creating further pressure on prices in the short term.

Source: https://baogialai.com.vn/ngay-12-8-gia-ca-phe-tang-nhe-100-200-dongkg-ho-tieu-van-di-ngang-post563378.html