Agricultural product prices today, August 4: Coffee and pepper prices both increased slightly, rubber prices increased sharply
Agricultural product prices today, August 4, domestic coffee increased slightly; pepper prices increased sharply; rubber prices increased simultaneously on both trading floors.
Domestic coffee prices today August 4
Dak Lak coffee price update on August 4 remained stable, reaching 123,000 VND/kg.
Dak Nong coffee price increased by 100 VND/kg, reaching 123,100 VND/kg, the highest level in the country.
Lam Dong coffee price is at 122,600 VND/kg. Gia Lai and Kon Tum are both at 123,000 VND/kg.
Coffee prices on both exchanges rose at the end of the week after a series of consecutive declines. The USD fell sharply, hitting a four-month low, helping Arabica recover, and Robusta on the London exchange also rose slightly.
Pepper price today August 4
Pepper price today, August 4, is around 146,000 - 148,000 VND/kg, a slight increase of 500 to 1,000 VND in key areas compared to yesterday.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 147,500 | +500 |
| Gia Lai | 146,000 | - |
| Dak Nong | 147,000 | +1,000 |
| Ba Ria - Vung Tau | 148,000 | +1,000 |
| Binh Phuoc | 147,000 | +1,000 |
| Dong Nai | 148,000 | +1,000 |
There were no new fluctuations in world pepper prices today. The market continued to fluctuate in opposite directions throughout the week, with India continuing to increase and Indonesia remaining stable.
Rubber price today August 4
Rubber prices today, July 4, on the two world exchanges, Tokyo and Shanghai, both increased slightly.
At the Tokyo Commodity Exchange (TOCOM), the price of rubber futures for August 2024 delivery increased by 0.31% to 325 yen/kg at the time of survey at 6:00 a.m. on July 4 (Vietnam time).
On the Shanghai Futures Exchange (SHFE), the price of RSS3 rubber for September 2024 delivery increased by 0.07% to 14,355 yuan/ton.
Vietnam's Ministry of Industry and Trade said that rubber exports will face difficulties due to reduced demand in China, Vietnam's main import market.
However, Vietnam still witnessed growth in rubber exports to major markets such as India, South Korea, Türkiye, and Taiwan, with impressive growth in the first months of the year.
