Vietnam coffee prices edge higher, pepper retreats on August 31

Follow Gia Lai Newspaper on Google News

(GLO) – Coffee prices in Vietnam rose slightly on Sunday, while pepper prices reversed course and fell, though both commodities remain near multi-year highs.

Coffee in key producing regions gained 100 VND (0.004 USD) per kilogram, trading between 122,100 VND (4.80 USD) and 122,600 VND (4.82 USD).

Lâm Đồng province posted the highest rate at 122,600 VND (4.82 USD), while Gia Lai recorded the lowest at 122,100 VND (4.80 USD). In Đắk Lắk, prices stood at 122,400 VND (4.81 USD).

Analysts said short-term coffee prices may face sharp fluctuations following the release of a September report by Brazil’s agricultural agency Conab, expected to assess climate-related risks to the country’s 2026–2027 crop.

11.jpg
On August 31, pepper prices reversed course, dropping by 500–1,000 VND per kilogram compared to yesterday. Source: Internet

In the longer term, the outlook remains upward as European buyers are likely to increase purchases ahead of the European Union’s deforestation ban taking effect later this year, even as Vietnam enters its new harvest season next month.

Meanwhile, pepper prices fell by 500-1,000 VND (0.02-0.04 USD) per kilogram compared to Saturday.

In Gia Lai, pepper dropped to 151,000 VND (5.93 USD), while Đắk Lắk and Lâm Đồng saw declines to 152,000 VND (5.97 USD).

In the Southeast, prices in Ho Chi Minh City and Đồng Nai also fell to 151,000 VND (5.93 USD).

Despite Sunday’s downturn, pepper has gained strongly in recent weeks. Domestic prices rose by 6,000-7,000 VND (0.24-0.28 USD) per kilogram this week, after climbing 3,000-4,000 VND (0.12-0.16 USD) last week.

Overall, pepper has surged by 10,000 VND (0.39 USD) per kilogram in the final two weeks of August.

You may be interested

Carbon Credits – A “Lever” for Green Economic Development

Carbon credits seen as key driver for green economy in Gia Lai

(GLO) – In response to CT Group’s proposal to pilot carbon credit projects in Gia Lai, Gia Lai Broadcasting and Newspaper’s reporter interviewed Mr. Nguyễn Văn Hoan, Deputy Director of the Department of Agriculture and Environment, about opportunities and challenges in developing this market.

The government has approved a plan to upgrade Vietnam's stock market, which includes a range of key initiatives. Photo: Quang Dinh/Tuoi Tre Online

Government approves plan to upgrade stock market

(GLO) – Việt Nam has launched a comprehensive financial market reform plan designed to elevate the country’s international investment standing, targeting secondary emerging market status under FTSE Russell by 2025 and aiming for MSCI emerging market designation by 2030.

Coffee is a key crop in Gia Lai province. Photo: V.T

Gia Lai builds strategic economic pillars to drive growth

(GLO) – Gia Lai Province, a strategic hub in Vietnam’s Central Highlands linking the South Central coast with the East-West trade corridor, is prioritizing agriculture, industry, renewable energy, and tourism as its core economic pillars for sustainable development.

null