Agricultural product prices on August 9: Coffee and pepper prices both increased sharply. Durian prices are at a very positive level.
Agricultural product prices on August 9: Coffee and pepper prices both increased sharply by 2,000 VND/kg. Durian prices are at a very positive level and tend to continue to increase from now until the end of the year.
Coffee price today 8/9/2024
Updated coffee prices today August 9, 2024: Domestic coffee prices were updated at 4:30 a.m. on August 9, 2024 as follows, coffee prices increased sharply from 1,800 to 2,000 VND/kg.
The average price reached VND 122,700/kg in the Central Highlands provinces, with the highest price recorded in Dak Nong and Dak Lak at VND 122,800/kg.
Coffee prices today, August 9, in Dak Lak province increased by 1,800 VND/kg compared to yesterday, in Cu M'gar at 122,800 VND/kg, along with Ea H'leo and Buon Ho both at 122,700 VND/kg.
Dak Nong coffee prices also increased sharply by 2,000 VND/kg, Gia Nghia and Dak R'lap had purchase prices of 122,800 VND/kg and 122,700 VND/kg respectively.
The price of Lam Dong green coffee beans is 122,100 VND/kg.
Gia Lai and Kon Tum both have coffee prices of 122,500 VND/kg.
| Market | Average price (VND/kg) | Change (VND/kg) |
| Dak Lak | 122,800 | +1,800 |
| Lam Dong | 122,100 | +1,800 |
| Gia Lai | 122,600 | +1,800 |
| Kon Tum | 122,600 | +1,800 |
| Dak Nong | 122,800 | +2,000 |
The trading session on August 9, 2024 saw a notable increase in the price of Robusta coffee on the London floor, ranging from 4,049 to 4,526 USD/ton. The September 2024 delivery period saw an increase of 45 USD, reaching 4,526 USD/ton.
Arabica coffee prices in New York fluctuated strongly in the morning of the same day, with prices ranging from 235.55 to 248.85 cents/lb. September 2024 futures increased by 1.04%.
In Brazil, Arabica coffee prices increased sharply, with September 2024 futures up 0.43% and May 2025 up 3.687%.
Arabica coffee prices have rebounded strongly after a month of decline, thanks to forecasts of cold weather in Brazil, boosting roasters' buying demand, according to Bloomberg.
Pepper price today 8/9/2024
Domestic pepper prices today, August 9, are in the range of 137,000 - 138,000 VND/kg, a sharp increase of 1,000 to 2,000 VND/kg in some provinces compared to yesterday.
Accordingly, in Dak Lak, Dak Nong, Gia Lai provinces, pepper price today is purchased at 138,000 VND/kg. A slight increase of 1,000 VND/kg compared to the same time yesterday.
In Ba Ria - Vung Tau and Dong Nai provinces, pepper prices today increased slightly by VND 1,000/kg to VND 137,000.
Binh Phuoc has the same price of 137,000 VND/kg, an increase of 2,000 VND compared to yesterday.
The latest update from the International Pepper Community (IPC) shows that pepper prices in the international market on August 9 were stable from leading exporters.
Rubber price today 8/9/2024
Rubber prices today, August 9, on the two world exchanges, Tokyo and Shanghai, were opposite. At the Tokyo Commodity Exchange (TOCOM), rubber futures for August 2024 delivery decreased by 0.54% to 329.50 yen/kg.
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On the Shanghai Futures Exchange (SHFE), RSS3 rubber futures for September 2024 delivery rose 0.77% to 14,405 yuan/ton.
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On the Singapore Futures Exchange (SGX), the price of RSS3 rubber for September 2024 delivery increased by 2.05% to SGD 169.50/ton.
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In the second quarter of 2024, raw rubber prices nationwide increased following the upward trend of the world market. The main driving force for the increase in domestic rubber prices was mainly due to the shortage of natural rubber supply, especially from Thailand and Indonesia.
However, the price of raw rubber latex has tended to decrease again since the end of the second quarter of 2024 until now due to concerns about slowing demand in the Chinese market, according to the Vietnamese Ministry of Industry and Trade.
Durian price today 8/9/2024
There have been no significant fluctuations in the main durian producing areas in Vietnam. Durian prices are stable today, ranging from 40,000 to 105,000 VND/kg in the Southwest and Southeast regions.
Premium Thai durian is being traded at the highest price, around 103,000 - 105,000 VND/kg.
The price of Ri6 durian, the lowest priced variety, remains stable at 40,000 - 45,000 VND/kg.
In the Central Highlands, durian prices range from 45,000 to 105,000 VND/kg, depending on type and quality.
Thai durian and Ri6 durian continue to have the highest and lowest selling prices in this area, at VND100,000 - 105,000/kg and VND45,000 - 50,000/kg, respectively.
| *(Unit: VND/kg) | |||
| Name of Durian variety | August 7, 2024 | August 8, 2024 | Change |
| SOUTHWEST REGION | |||
| RI6 Beautiful Choice | 57,000 – 63,000 | 57,000 – 63,000 | - |
| RI6 Soviet | 40,000 – 45,000 | 40,000 – 45,000 | - |
| Beautiful Thai Durian | 103,000 – 105,000 | 103,000 – 105,000 | - |
| Thai Durian Buy In Bucket | 83,000 – 86,000 | 83,000 – 86,000 | - |
| SOUTHEAST REGION | |||
| RI6 Beautiful Choice | 57,000 – 63,000 | 57,000 – 63,000 | - |
| RI6 Soviet | 40,000 – 45,000 | 40,000 – 45,000 | - |
| Beautiful Thai Durian | 103,000 – 105,000 | 103,000 – 105,000 | - |
| Thai Durian Buy In Bucket | 83,000 – 86,000 | 83,000 – 86,000 | - |
| CENTRAL HIGHLANDS | |||
| RI6 Beautiful Choice | 60,000 – 62,000 | 60,000 – 62,000 | - |
| RI6 Soviet | 45,000 – 50,000 | 45,000 – 50,000 | - |
| Beautiful Thai Durian | 100,000 – 105,000 | 100,000 – 105,000 | - |
| Thai Durian Buy In Bucket | 80,000 – 83,000 | 80,000 – 83,000 | - |
The Vietnam Fruit and Vegetable Association said that from now until the end of the year, the fruit and vegetable industry will focus on the Northeast Asian market. Thanks to that, along with potential markets such as China, South Korea, and Japan, Vietnam's fruit and vegetable exports can reach the target of 7 billion USD in 2024, according to VOV.
