Pork prices increase sharply; Export rice prices increase by 5 USD/ton

Pig prices increase sharply, livestock businesses gradually make profits

In the past 2 months, the price of live pigs in our country has increased sharply again. Data from the Vietnam Commodity Exchange (MXV) shows that the price of live pigs in the North has recorded the best increase of 21% since mid-April. This is followed by the South with an increase of 18.18% and the Central Highlands with an increase of 17.3%. In the early part of June, the price of live pigs has generally fluctuated close to the threshold of 60,000 VND/kg. This is considered the price range where businesses and small-scale farmers begin to make a profit.

The price of live pigs in the North is fluctuating between 59,000 - 62,000 VND/kg with the best prices recorded in Thai Binh, Hung Yen and Vinh Phuc. In the Central Highlands, live pigs are being bought and sold between 56,000 - 59,000 VND/kg, with the common price range in many provinces being 57,000 - 58,000. In the South, live pigs are being traded between 56,000 - 60,000 VND/kg. Ben Tre and Long An are the two localities recording the highest prices.

According to data from the General Statistics Office of Vietnam, the total number of pigs in our country as of the end of May increased by about 2.6% compared to the same period last year. However, many large enterprises said that the actual estimated number is much lower due to disease and low prices, forcing many farmers to "hang up their pigsty".

“Compared to livestock enterprises, small-scale farmers will have more difficulty in restocking due to limited capital. Although pig prices have improved in the second quarter, demand for livestock will take a long time to recover,” said Pham Quang Anh, Director of the Vietnam Commodity Information Center. In addition to the shortage of supply, expectations of improved meat prices on the world market also support the price of pigs in our country.

In China, a spike in African swine fever cases earlier this year prompted the country to ramp up slaughtering in the first quarter. In a recent report, Rabobank predicted that China’s pork production would fall sharply in the second quarter, pushing pork prices back up. China’s pork consumption is also expected to increase slightly year-on-year as consumer demand recovers from the Covid-19 pandemic.

Export rice price increased by 5 USD/ton

Rice prices today, June 21, in the Mekong Delta increased by 200 VND/kg for sticky rice. In the export market, Vietnamese rice prices increased by 5 USD/ton.

Accordingly, at An Giang warehouse, rice prices remained stable. Specifically, OM 18 rice was purchased by traders at 6,800 VND/kg; OM 5451 rice was 6,300 - 6,500 VND/kg. IR 50404 rice was purchased at 6,200 - 6,400 VND/kg. Nang Hoa 9 rice was purchased by traders at 6,600 - 6,800 VND/kg. Dai Thom 8 rice was 6,800 - 7,000 VND/kg. Nhat rice was 7,800 - 8,000 VND/kg. Nang Nhen rice (dried) was 13,000 VND/kg; AG sticky rice (fresh) was 6,200 VND/kg; Long An sticky rice (dried) costs around 7,900 - 8,100 VND/kg.

Regarding rice, the price of raw rice and finished products remained stable. Accordingly, the price of raw rice fluctuated around 9,800 - 9,850 VND/kg; finished rice was at 11,100 - 11,250 VND/kg. Regarding by-products, the price of broken rice remained stable at 9,500 - 9,600 VND/kg. Meanwhile, the price of dried bran remained stable around 7,500 - 7,700 VND/kg.

At the retail market, rice prices remain stable, with regular rice at 11,500 - 12,500 VND/kg; Jasmine fragrant rice at 15,000 - 16,000 VND/kg; Soc regular rice at 15,000 VND/kg; Sticky rice at 16,000 - 18,000 VND/kg; Common white rice at 14,500 VND/kg; Nang Hoa at 18,500 VND/kg; Soc Thai at 18,000 VND/kg; Taiwanese fragrant rice at 20,000 VND/kg; Japanese rice at 22,000 VND/kg; Bran at 7,600 - 8,000 VND/kg; Long grain Thai fragrant rice remains at 18,000 - 19,000 VND/kg and Huong Lai at 19,000 VND/kg.

In the rice export market, the export price of rice continued to increase by 5 USD/ton. Accordingly, the price of 5% broken rice from Vietnam is being offered at 503 USD/ton, up 5 USD/ton; 25% broken rice is at 483 USD/ton, up 5 USD/ton; Jasmine rice is 578 USD/ton.

Similarly, Thai rice also adjusted by 1 - 3 USD/ton to 498 USD/ton for 5% broken rice and 471 USD/ton for 25% broken rice.

Meanwhile, the same type of rice from Pakistan decreased by 10 USD/ton to 478 USD/ton and 448 USD/ton.

According to businesses, rice exports have continuously benefited in the first months of the year thanks to increased demand for food reserves in countries. Forecasting the market situation in the second half of the year, many businesses said that markets that are considered difficult such as Europe, South Korea, Australia and some newly opened markets in the Middle East are creating opportunities for Vietnamese businesses to increase exports as consumers are very fond of high-quality Vietnamese rice. In 2023, the Ministry of Industry and Trade also forecasts that Vietnam's rice exports will reach about 7 million tons, worth nearly 4 billion USD.

Pepper price today June 21: Positive signal from Chinese market

Pepper prices today, June 21, in the domestic market continue to move sideways. Currently, domestic pepper prices fluctuate around 70,500 - 73,000 VND/kg.

Specifically, the price of pepper in Chu Se (Gia Lai) on June 21 is being purchased by traders at 70,500 VND/kg. In Dak Lak and Dak Nong provinces, pepper prices remain around 71,500 VND/kg.

Similarly, in the Southeast region, pepper prices today also did not fluctuate. In Ba Ria Vung Tau, pepper prices are being purchased by traders at 73,000 VND/kg. In Binh Phuoc, pepper prices are at 72,500 VND/kg; Dong Nai 71,500 VND/kg.

In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper in Indonesia as stable at 3,748 USD/ton; the price of Muntok white pepper in this country remained at 6,189 USD/ton.

The price of Malaysia's Kuching ASTA black pepper remained stable at $4,900/ton; while the country's ASTA white pepper remained at $7,300/ton.

For the Brazilian market, the price of black pepper ASTA 570 is at 2,950 USD/ton.

In Vietnam, the export price of black pepper of 500 and 550 g/l is at 3,500 and 3,600 USD/ton, respectively. The export price of white pepper is at 5,000 USD/ton.

According to preliminary statistics from the Vietnam Pepper Association (VPA), from June 1 to June 18, Vietnam exported 11,305 tons of pepper with a total turnover of 41.1 million USD. Of which, the export volume of black pepper reached 9,778 tons and white pepper reached 1,527 tons. China continued to be Vietnam's main pepper export market in the first half of June with 2,657 tons.

According to businesses, the good news is that the export volume in May 2023 may be higher than the previous month, and the Chinese market is still buying strongly. In the first 6 months of the year, Vietnam has exported more than 131 thousand tons of pepper.