Cooling yellow lemons at 30,000 VND/fruit 'sold out'; Domestic coffee prices decrease

Cooling yellow lemon 30,000 VND/fruit "sold out"

Hanoi is experiencing scorching hot days, lemon is a cooling fruit that many people are looking to buy. The price of yellow lemons has skyrocketed to 20,000-30,000 VND/fruit but they are still "sold out".

An online seller in Yen Hoa (Cau Giay, Hanoi) said that the hot weather has made all customers want to get lemons early. However, today the supply of lemons is insufficient, she does not have enough to deliver to customers. More than a dozen people who ordered late yesterday afternoon have no goods today. Yellow lemons, also known as western lemons, have large oval-shaped fruits. This is a foreign lemon variety grown a lot in Da Lat (Lam Dong) and is quite expensive. Currently, it is sold for 130,000 VND/kg of yellow lemons, 1kg has 5-6 fruits. That is, each fruit costs between 21,000-26,000 VND.

Yellow lemons are sold a lot on the "online market".

Although the price is nearly 3 times more expensive than lemons, yellow lemons are still ordered by many people. Because they can be used as a refreshing and detox drink, as well as to decorate dishes, create a sour taste, etc. Compared to last year, the price of yellow lemons this year has increased by about 10,000-20,000 VND/kg but is not enough to sell to customers.

Paper lemons in the market are only 45,000-55,000 VND/kg, while yellow lemons are quite expensive, up to 120,000-140,000 VND/kg. In March this year, the price of yellow lemons fluctuated from 80,000-100,000 VND/kg.

This type of lemon is available almost all year round, but in the summer it often becomes expensive because of the high demand for drinks or cooling dishes. Yellow lemons are very fragrant, seedless, can be mixed into drinks, thinly sliced ​​into salads.

In the market, yellow lemons are sold in abundance on the “online market”. The common price of lemons is 120,000-130,000 VND/kg. However, there are also places that sell them for 150,000 VND/kg (5 fruits), meaning 1 lemon costs 30,000 VND.

A wholesaler of yellow lemons in Da Lat said that due to the hot weather, wholesalers order large quantities of lemons to sell. These days, the smallest wholesale order is 30-50kg of lemons, while the largest orders are up to hundreds of kilograms. On peak days, they can wholesale 3 tons of lemons, while on average, it fluctuates around 2 tons a day.

Pepper prices continue to decrease slightly in the Central Highlands

In the domestic market, pepper prices today, May 20, continued to decrease slightly, averaging about 500 VND/kg in some provinces in the Central Highlands and remained the same as yesterday in the Southeast region. Currently, domestic pepper prices fluctuate around 74,000 - 76,000 VND/kg.

Specifically, in Ba Ria Vung Tau, pepper price today is purchased by traders at 76,000 VND/kg, the same price as yesterday. In Binh Phuoc, pepper price today remains at 75,500 VND/kg, the same price as yesterday.

In the Central Highlands region, pepper prices today decreased slightly by about 500 VND/kg in some Central Highlands provinces.

In Gia Lai, pepper price today is purchased by traders at 73,000 VND/kg (down 500 VND/kg compared to yesterday). In Dak Lak and Dak Nong provinces, pepper price today is stable at 74,500 VND/kg.

In general, pepper prices are tending to decrease around 500 VND/kg in some Central Highlands provinces.

Forecasts that Vietnam's pepper output this year will decrease by more than 15% have caused exporters to increase inventories while the harvest season is coming to an end.

According to the preliminary report of the General Department of Vietnam Customs, pepper exports in the first 4 months of 2023 reached a total of 102,539 tons of all kinds of pepper, an increase of 24,929 tons, or 32.12% compared to the export volume in the first 4 months of 2022. The average export price of pepper in April 2023 reached 3,157 USD/ton, an increase of 6.01% compared to the average export price in March 2023.

China and traditional markets have begun to import new goods but with low volume, due to concerns about the global economic recession causing the USD to continue to strengthen in the basket of strong currencies, making general commodity prices somewhat more expensive compared to emerging currencies...

The rising pepper prices have encouraged Vietnamese pepper farmers to start fertilizing and restoring their pepper gardens. Meanwhile, Indonesian pepper growers are expected to face an unprecedentedly bleak new crop. This situation has caused the world pepper industry to quickly become more vibrant in the third quarter of this year.

Domestic coffee prices fall

Domestic coffee prices today, May 20, in the Central Highlands provinces decreased by 200-300 VND/kg.

Specifically, the price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province decreased by 300 VND/kg, in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at a price of 57,400 - 57,500 VND/kg.

Coffee prices in Gia Lai and Kon Tum provinces decreased by VND300/kg, standing at VND57,800/kg.

Today's coffee price in Dak Lak province decreased by 300 VND/kg, in Cu M'gar district, the coffee price is currently at 57,700 VND/kg. In Ea H'leo district, Buon Ho town, the price is the same at 57,800 VND/kg.

In Dak Nong province, coffee purchase price decreased slightly by 200 VND/kg, currently purchased at 57,900 VND/kg.

As for world coffee prices, the London and New York exchanges have opposite trends due to quite different speculative trends in the world futures markets right before the harvest season in Brazil has begun.

Specifically, at the end of the most recent trading session, Robusta coffee prices on the London floor continued to decline. The July spot futures fell by $42 to $2,540/ton and the September futures fell by $36 to $2,498/ton. Trading volume was above average. The inverse price structure narrowed the gap.

Gasoline price today May 20: Strong increase

Today, May 20, the world market recorded a strong increase in oil prices thanks to signals showing that the risk of US debt default is gradually decreasing.

Oil prices on the morning of May 20 (Vietnam time) specifically: US WTI crude oil price increased by 0.68 USD, to 73.04 USD/barrel, Brent oil price increased by 2.37 USD, to 77.33 USD/barrel.

Oil prices rebounded from a more than 1% drop the previous day as investors became cautiously optimistic about the waning risk of a U.S. debt default.

Drilling rigs in the Permian Basin production area in Lea County, New Mexico, US. Photo: Reuters

Analysts at National Australia Bank said the possibility of further rate hikes added to concerns about weak demand in the US. However, analysts said prices would rise as they expect Chinese demand to continue to improve through 2023, which would offset the decline in OECD demand.

Domestic retail gasoline prices on the morning of May 20 were applied according to the adjustment session on May 11 by the Ministry of Finance - Ministry of Industry and Trade:

Specifically, the price of RON 95-III gasoline decreased to 21,000 VND, down 1,320 VND/liter, and E5 RON 92 gasoline was 20,130 VND, down 1,300 VND/liter.

Prices of petroleum products also decreased simultaneously. Diesel oil is 17,650 VND/liter, down 600 VND. Kerosene has a new price of 17,970 VND/liter, down 550 VND; fuel oil has a new price of 14,860 VND/kg.

In this adjustment period, the regulatory agency decided to set aside 300 VND/liter for E5 gasoline, RON 95, DO oil, kerosene, and fuel oil. The regulator also decided not to spend the gasoline price stabilization fund, and set aside 500 VND/liter for E5 and RON 95 gasoline, and set aside 300 VND/liter for oil products. Thus, gasoline prices have decreased for the third consecutive time.

Since the beginning of the year, gasoline prices have undergone 14 price adjustments. Of these, 7 have increased, 6 have decreased, and 1 has remained unchanged.