Agricultural product price list on August 2, domestic pepper prices are falling further and further away from the mark of 150,000 VND/kg, current coffee prices are down slightly by 100 VND/kg due to a lot of positive information keeping coffee prices down.
Coffee price today August 2, 2024
The domestic coffee market today decreased slightly compared to the same time yesterday. Domestic coffee prices have been updated to decrease by 100 VND/kg. The current average price is around 123,400 VND/kg in the Central Highlands provinces, the highest buying price in Dak Nong province is 123,500 VND/kg.
| Market | Average price (VND/kg) |
Compared to yesterday (VND/kg) |
| Dak Lak | 123,400 | -100 |
| Lam Dong | 123,000 | 0 |
| Gia Lai | 123,400 | -100 |
| Kon Tum | 123,400 | -100 |
| Dak Nong | 123,500 | -100 |
The US Federal Reserve (Fed) kept the reference interest rate unchanged in its recent meeting, marking the eighth consecutive time without changing interest rates, with the possibility of adjustment in September. The coffee market refused Many fluctuations were expected in advance of this decision.
Vietnam’s total coffee exports in the first 7 months of 2024 decreased by 14% over the same period last year, reaching 964,000 tons. Although export volume decreased, Vietnam’s coffee export turnover still increased by 31%, reaching 3.54 billion USD, thanks to coffee prices remaining high since the beginning of the year.
Pepper price today August 2, 2024
Domestic pepper price market today, August 2, today’s pepper price is in the range of 147,000 – 148,500 VND/kg, a scattered decrease of 500 to 1,000 VND in some provinces compared to the same time yesterday.
| Province/district (survey area) | Purchasing price (Unit: VND/kg) | Change compared to yesterday (Unit: VND/kg) |
| Daklak | 148.500 | -500 |
| Gia Lai | 147.000 | -1.000 |
| Dak Nong | 148.000 | -1.000 |
| Ba Ria – Vung Tau | 148.000 | -1.000 |
| Binh Phuoc | 148.000 | – |
| Dong Nai | 148.000 | -1.000 |
Although export output in the first 6 months of the year decreased by 6.8% compared to the previous year, increased export prices pushed export turnover up 30.5%, reaching 634 million USD.
Export prices continue to be strong due to the gap between supply and demand, which could help Vietnam’s pepper exports reach over 1 billion USD this year. If exports reach the predicted level, the pepper industry can return to the billion-dollar industry group from 2017.
Source: https://baonghean.vn/gia-nong-san-ngay-2-8-gia-tieu-va-ca-phe-dong-loat-giam-10277472.html