Coffee and pepper prices increased sharply again on September 10.

(GLO)- On September 10, the domestic coffee and pepper markets became active again when the prices of both commodities increased sharply. Of which, coffee increased by 2,300-2,500 VND/kg, and pepper increased by 1,000 VND/kg compared to yesterday.

According to experts, the upward trend in coffee prices is likely to continue in the coming time. Photo: Internet

Specifically, in Gia Lai province, coffee is traded at 115,300 VND/kg (up 2,500 VND/kg).

With the same increase of 2,300 VND/kg, coffee prices in Lam Dong and Dak Lak provinces increased to 115,600 VND/kg and 115,500 VND/kg, respectively.

According to experts, this upward trend is likely to continue in the coming time. However, the increase is not expected to be too dramatic, because September and October are the off-season periods.

This is the time when the amount of coffee left in warehouse is not much, while the new crop of coffee has not been harvested yet, leading to lower supply to the market than normal.

Meanwhile, pepper prices today in key growing areas increased sharply again by 1,000 VND/kg, pushing domestic pepper prices to 150,000-153,000 VND/kg.

The highest purchase price is recorded in Dak Lak and Lam Dong provinces at 153,000 VND/kg. In Ho Chi Minh City and Dong Nai province, the price is 152,000 VND/kg. In Gia Lai, pepper is currently at the lowest level at 150,000 VND/kg.

On September 10, the highest purchase price was recorded in the two provinces of Dak Lak and Lam Dong at 153,000 VND/kg. Photo: Internet

Domestic pepper prices increased due to a sharp decrease in supply, while export demand from businesses remained very large.

Source: https://baogialai.com.vn/gia-ca-phe-va-ho-tieu-tang-manh-tro-lai-trong-ngay-10-9-post566208.html