There are still many empty seats but airfares on September 2nd are still sky high; Gasoline prices are on the rise
(Baonghean.vn) - Market information today: There are still many empty seats, airfares on September 2 are still sky-high; 7 consecutive weeks of increase, gasoline prices are on the rise; Pepper prices have turned to decrease by 500 - 1,000 VND/kg...
There are still many empty seats, but airfares for September 2nd are still sky-high.
Airline ticket prices for the September 2, 2023 holiday (4 consecutive days) have been doubled compared to normal days, even though it is forecasted that the number of passengers will hardly increase dramatically.
On the occasion of National Day this year, the highest airfares belong to routes with few flights and few airlines, such as Hanoi - Tuy Hoa (Phu Yen). For this route, the round-trip fare of Vietnam Airlines, Vietjet, Bamboo Airways is approximately 6 million VND; Ho Chi Minh City - Dong Hoi (Quang Binh) is approximately 5 million VND... Meanwhile, Pacific Airlines, Vietravel Airlines have cheaper prices from 300 - 500 thousand VND/ticket.
A representative of Vietnam Airlines Group (including Vietnam Airlines, Pacific Airlines and VASCO) said that the flight schedule for this year's National Day is calculated from August 31 to September 5, with airlines providing the market with nearly 400,000 seats on domestic flights, an increase of 15% compared to normal days and the same period last year.
For international flights this time, Vietnam Airlines Group plans to open for sale more than 155,000 seats, double the same period last year.
The Director of the Civil Aviation Authority said that the authority has just issued an official dispatch instructing airlines to report plans to increase flights on the occasion of National Day, September 2. As of August 13, information reported by airlines shows that the number of passengers booking air tickets for the upcoming holiday is not much. Currently, the number of empty tickets of airlines is still very large. Airlines also have no plans to increase flights. If the number of passengers is large, airlines propose to increase flights, the authority will regulate to ensure meeting the travel needs of people during the September 2 holiday.
7 consecutive weeks of increase, gasoline prices still on the rise
Oil prices today, August 14, on the world market tend to increase after 7 consecutive weeks of increase in the context of decreasing supply and increasing demand. Both standard oil products increased about 0.5% last week.
In the domestic market, the selling prices of gasoline and oil today are applied according to the prices at the management session on the afternoon of August 11 of the Ministry of Finance - Industry and Trade. Accordingly, gasoline and oil prices are adjusted up. Specifically, the price of E5 gasoline increased to 22,820 VND/liter. The price of RON95 gasoline is 23,990 VND/liter. The price of diesel oil increased to 22,420 VND/liter. The price of kerosene increased to 21,880 VND/liter.
In the world market, gasoline prices today, August 14, tend to continue to increase after 7 consecutive weeks of increase.
In the 5 trading sessions of the week, oil prices increased 3 sessions and decreased 2 sessions. The upward trend of world oil prices last week was strongly supported by tight supply and high demand.
Closing last week, Brent crude oil price increased to 86.81 USD/barrel, while WTI light sweet oil price advanced to 83.19 USD/barrel.
Notably, last week, Brent oil price at times increased above 87 USD/barrel, WTI oil price reached 84 USD/barrel.
Will domestic coffee prices continue to fall this week?
Domestic coffee prices, on August 14, 2023, in the Central Highlands provinces remained stable compared to the previous trading session. Although prices decreased in 4 consecutive sessions, domestic coffee prices this weekend remained high, reaching 67,500 VND/kg in Dak Nong, an increase of 300 - 500 VND/kg compared to the previous trading session (August 7, 2023).
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 66,600 VND/kg.
Today's coffee price in Dak Lak province in Cu M'gar district is currently at 67,200 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 67,300 VND/kg (an increase of 500 VND/kg compared to last week).
World coffee prices, on the world exchange, Robusta coffee prices on the London exchange (UK) in the most recent trading session continued to decrease slightly in long-term terms, a decrease of about 1%, ranging from 2,419 - 2,681 USD/ton depending on the delivery term.
According to experts, although coffee prices have decreased for 4 consecutive sessions in the past week, the decrease is not significant (over 1%) and the price is still high compared to the previous trading session. The reason is that coffee exports are gradually being boosted in Brazil, thereby continuing to put pressure on price movements. According to the assessment, coffee prices in the new week tend to stabilize, moving sideways, because dry and hot weather has negatively affected the crops of coffee exporting countries. This has caused consumer markets to return to concerns about supply shortages, while the world's demand for Robusta coffee is increasing.
Pepper prices turned down by 500 - 1,000 VND/kg
Pepper price today, August 14, 2023 in the domestic market adjusted down from 500 - 1,000 VND/kg.
Accordingly, pepper prices in the Central Highlands region fluctuate around 70,500 - 71,500 VND/kg.
In the Southeast region, pepper prices today also decreased by 500 - 1,000 VND/kg. Specifically, in Ba Ria Vung Tau, pepper prices today decreased the most with a decrease of 1,000 VND/kg. After adjustment, pepper prices in Ba Ria Vung Tau are at 73,000 VND/kg. Pepper prices in Dong Nai are at 72,000 VND/kg, down 500 VND/kg. Pepper prices in Binh Phuoc are at 72,500 VND/kg, down 500 VND/kg.
Thus, pepper prices in the domestic market today plummeted after many sideways sessions last week. The market is quiet. Many businesses believe that the current market situation is uncertain although the long-term price trend may increase due to reduced global production.
In the world market, at the end of the trading session on August 11, the International Pepper Community (IPC) updated the price of Lampung black pepper (Indonesia) at 4,129 USD/ton. The price of Muntok white pepper was 6,809 USD/ton. In the remaining countries, the price remained stable.
Vietnam's black pepper price is trading at 3,500 USD/ton for 500 g/l, 3,600 USD/ton for 550 g/l; white pepper price is at 5,100 USD/ton.
