Gas price rebounds after 2 decreases; Rice export price increases sharply by 25 USD/ton
(Baonghean.vn) - Gas prices rebounded after 2 decreases; Export rice prices increased sharply by 25 USD/ton; Pepper prices continued to grow after 2 adjustment sessions... are information about the market situation today.
Gas prices increase after 2 decreases
Domestic retail gas prices have been adjusted up since today following world gas prices. Accordingly, gas prices have increased by VND26,000-26,500 per 12kg cylinder. This is the first increase after two consecutive decreases.
Accordingly, compared to July, each 12kg gas cylinder delivered to consumers will increase by a common rate of 26,000-26,500 VND.
Specifically, Pacific Petroleum Trading Joint Stock Company said that from August 1, the company's gas price increased by VND26,000/12kg cylinder and VND108,000/50kg cylinder. Accordingly, the maximum retail price to consumers of this brand is VND411,000/12kg cylinder and VND1,711,000/50kg cylinder.
Similarly, Vietnam LPG Trading JSC Southern Branch also said that from August 1, the gas price of this brand increased by VND26,000/12kg cylinder and VND97,515/45kg cylinder.
Meanwhile, Saigon Petroleum Company Limited (Saigon Petro) announced an increase of VND26,500/12kg cylinder from August 1. Thus, the retail gas price to consumers of this brand is VND373,500/12kg cylinder.
According to gas companies, the reason for the upward trend in domestic gas prices is due to the increase in world gas prices. The average world gas price in August 2023 closed the contract at 465 USD/ton, an increase of 77.5 USD/ton compared to July. Therefore, domestic gas businesses also adjusted the increase accordingly.
Currently, domestic gas supply can only proactively meet about 60% of consumption. Therefore, domestic gas retail prices are controlled and influenced by world gas prices.
Since the beginning of the year, domestic gas prices have decreased 4 times (in January, March, April, June and July) with a total decrease of 158,000 VND/12kg cylinder. Since the beginning of the year, domestic gas prices have increased 3 times (in February, May and August) with a total increase of 91,000 VND/12kg cylinder.
Export rice price increased sharply by 25 USD/ton
Today's rice price, August 2, 2023, in the Mekong Delta region, increased for both paddy and rice. Accordingly, at An Giang warehouse today, the price of OM 5451 rice increased by 200 VND/kg to 6,800 - 7,000 VND/kg.
For other varieties, rice prices are stable and high. Accordingly, IR 504 is at 6,600 - 6,800 VND/kg; Nang Hoa 9 is up to 6,800 - 7,000 VND/kg; OM 18 rice is 6,900 - 7,100 VND/kg; IR504 rice is being purchased by traders at 6,700 - 6,900 VND/kg; Dai Thom 8 rice is at 6,900 - 7,100 VND/kg; Nhat rice is also stable at 7,800 - 8,000 VND/kg; Nang Nhen rice (dry) is at 13,000 VND/kg.
Regarding rice, the price of raw rice and finished rice products continued to increase. Accordingly, IR 504 raw rice was at 11,150 - 11,250 VND/kg, an increase of 400 VND/kg. Finished rice was at 12,800 - 13,000 VND/kg, an increase of 400 - 500 VND/kg.
Regarding by-products, the price of by-products remained stable. Specifically, the price of IR 504 sheet remained at 10,400 - 10,500 VND/kg, an increase of 100 VND/kg; the price of dry bran was at 7,600 VND/kg.
In the rice export market, Vietnam's export rice prices continued to increase sharply by 20 USD/ton. Specifically, 5% broken rice was traded at 588 USD/ton, up 25 USD/ton; 25% broken rice was at 568 USD/ton, up 20 USD/ton.
Following the same trend as Vietnamese rice, Thai rice prices increased by 20 USD/ton for 5% broken rice and 11 USD/ton for 25% broken rice. Currently, the price of 5% broken rice in Thailand is at 623 USD/ton.
Although prices are high, it is noted that it is currently very difficult to purchase rice. The reason is that most of the rice has been purchased by traders since the beginning of the season. Meanwhile, businesses have to collect goods to pay for previously signed orders at low prices. Some others do not have orders but perhaps do not want to sell because the price increases 2-3 times a day. This causes the price of rice to continuously increase.
Domestic coffee prices rise again
On August 2, 2023, domestic coffee prices in the Central Highlands provinces suddenly increased again, fluctuating from 500 - 600 VND/kg, the highest price was 66,900 VND/kg.
Specifically, 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 a price of 66,100 - 66,200 VND/kg.
Coffee prices in Gia Lai and Kon Tum provinces fluctuated at VND66,600/kg. In Dak Nong province, coffee was purchased at the highest price of VND66,900/kg.
On the world exchange, the price of Robusta coffee on the London (UK) exchange in the most recent trading session fluctuated from 2,359 - 2,635 USD/ton depending on the delivery period.
Compared to the most recent trading session, world coffee prices on both exchanges reversed and increased again, with an increase of about 20 - 30 USD/ton for Robusta coffee and an increase of 1 - 3 cents/lb for Arabica coffee.
According to the General Statistics Office of Vietnam, in the first 7 months of 2023, Vietnam's coffee export volume is estimated at 80,000 tons (about 1.33 million bags), down 32.1% compared to the previous month and down 6% compared to the same period last year. This has caused consumer markets to return to concerns about supply shortages, while the world's demand for Robusta coffee is increasing.
Pepper prices continue to grow after 2 sessions of adjustment
Pepper prices today, August 2, 2023, in the domestic market continue to increase. Accordingly, pepper prices in the Central Highlands provinces are purchased by traders around 68,500 - 69,500 VND/kg.
Specifically, Chu Se pepper price (Gia Lai) is being purchased by traders at 68,500 VND/kg, an increase of 500 VND/kg. Dak Lak pepper price today and pepper price in Dak Nong are at 69,500 VND/kg, an increase of 500 VND/kg.
In the Southeast region, pepper prices today also increased by 500 VND/kg. Currently, pepper prices in this region are being purchased around 70,500 - 72,000 VND/kg.
Accordingly, in Dong Nai, pepper price is at 70,500 VND/kg, up 500 VND/kg. Pepper price in Binh Phuoc is at 71,000 VND/kg, up 500 VND/kg. Pepper price in Ba Ria - Vung Tau is still the highest and today is purchased by traders at 72,000 VND/kg, up 500 VND/kg.
Thus, today's pepper price in the domestic market continues to increase. This is the second consecutive increase this week. After 2 adjustment sessions, the domestic pepper price has increased by 1,500 VND/kg.
