Pepper prices plummet, cash flows shift to coffee; Pork prices increase widely, highest in Nghe An

Pepper prices plummet, cash flows to coffee

Pepper prices today (July 5) in the domestic market stagnated and moved sideways after a downward adjustment session. Currently, pepper prices fluctuate around 66,500 - 69,500 VND.

Accordingly, in the Central Highlands region, pepper prices are purchased by traders around 66,500 - 67,500 VND/kg. Specifically, Chu Se pepper price (Gia Lai) is purchased by traders at 66,500 VND/kg. In Dak Lak, pepper prices continue to maintain at 67,500 VND/kg. In Dak Nong, pepper prices today are also unchanged and maintained at 67,500 VND/kg.

In the Southeast region, pepper prices today remain stable compared to yesterday. Currently, pepper prices in this region are being purchased around the mark of 68,000 - 69,500 VND/kg.

In Dong Nai, pepper price is at 68,000 VND/kg. In Binh Phuoc, pepper price is at 68,500 VND/kg. In Ba Ria Vung Tau, the price is still the highest and today it is purchased by traders at 69,500 VND/kg.

According to a survey, the domestic pepper market had a strong price increase from 63,000 - 66,000 VND/kg in the last week of April to a peak of 73,000 - 76,000 VND/kg on May 19. After that, pepper prices were adjusted down to 71,000 - 74,000 VND/kg as of June 15. In the last days of June, black pepper prices in the domestic market decreased sharply due to reduced demand from China.

The Vietnam Pepper and Spice Association (VPSA) said that pepper exports to China increased dramatically in March and April and this was one of the main reasons for the increase in domestic pepper prices.

Domestic coffee prices increased sharply

Coffee prices in the domestic market today increased by 700 VND/kg, fluctuating at 64,900 - 65,500 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 64,800 - 64,900 VND/kg.

Coffee prices in Gia Lai and Kon Tum provinces stood at 65,100 VND/kg.

Coffee prices in Dak Lak province today, in Cu M'gar district, coffee prices are currently at 65,200 VND/kg. In Ea H'leo district, Buon Ho town, the price is also 65,300 VND/kg.

In Dak Nong province, coffee was purchased at the highest price of 65,500 VND/kg.

Regarding world coffee prices, coffee prices on the two exchanges continued to maintain an upward trend, recovering due to the continuous decline of the USD index; stocks reversed to increase.

Regarding the domestic market, according to the General Statistics Office, it is estimated that Vietnam's coffee exports in June reached 150,000 tons, worth 392 million USD, up 9.1% in volume and 24.3% in value over the same period in 2022. Thereby, the total amount of coffee exported in the first half of 2023 is estimated at 1.02 million tons, worth 2.40 billion USD, down 2.2% in volume, but up 3% in value.

Summer-autumn rice prices remain high, businesses increase purchasing

Rice prices today, July 5, 2023, in the domestic market remained unchanged after an upward adjustment session. The market was active.

Rice prices today, July 5, 2023, in the Mekong Delta region stagnated and remained unchanged after an upward adjustment session. Accordingly, in An Giang, OM 5451 rice prices are at 6,400 - 6,600 VND/kg; OM 18 rice prices are 6,600 - 6,800 VND/kg, IR 50404 rice prices are in the range of 6,300 - 6,600 VND/kg; Dai Thom 8 rice prices are 6,900 - 7,000 VND/kg; Nang Hoa 9 prices are 6,600 - 6,800 VND/kg; Nhat rice is also stable at 7,800 - 8,000 VND/kg; Nang Nhen rice (dry) is at 13,000 VND/kg.

According to traders, today the amount of rice imported is low, the price of rice is high. Enterprises and traders increase the purchase of summer-autumn rice. The price of glutinous rice tends to increase slightly.

Similarly, for rice, the price of raw rice and finished products remains stable. Specifically, the price of IR 504 raw rice is being purchased at 10,000 - 10,050 VND/kg. Finished rice remains at 11,400 VND/kg.

For by-products, it also remained at 9,600 - 9,700 VND/kg for IR 504 broken rice and 7,600 - 7,700 VND/kg for dry bran.

In the export market, export rice prices remained stable at 508 USD/ton for 5% broken rice; 25% broken rice at 488 USD/ton and Jasmine rice was stable at 578 USD/ton.

A representative of the Vietnam Food Association said that in the first months of the year, Vietnam has increased the export of fragrant rice and quality rice to niche markets, so the value is very high. Rice exports in the first 6 months are estimated to increase by 22.2% in volume but up to 34.7% in value compared to the same period last year.

Vietnam's rice export prices in early July continued to remain at 508 USD/ton for 5% broken rice and 488 USD/ton for 25% broken rice. This is the highest among rice exporting countries. High-quality organic rice exported to the European market also has a very good price, which can reach 1,500 - 1,800 USD/ton.

PricePig prices increased widely, highest in Nghe An and Thanh Hoa.

Pig prices today increased slightly in the North and South, recording the highest price of 67,000 VND/kg.

In the Northern region, the price of live pigs today increased by 1,000 VND/kg and fluctuated between 64,000 - 67,000 VND/kg. Specifically, after increasing one price, today's live pigs in Thai Binh adjusted to 67,000 VND/kg - the highest in the region. This is also the highest price in the country.

Except for Bac Giang, the price of live pigs today remained stable and stood at 64,000 VND/kg. In the remaining localities in the region, after increasing the price, the price of live pigs today in these localities was recorded at 64,000 VND/kg.

In the Central Highlands region, the price of live pigs today is stable and fluctuates between 59,000 - 63,000 VND/kg. Currently, Dak Lak province maintains the purchase of live pigs at 59,000 VND/kg, the lowest in the region.

On the other hand, 63,000 VND/kg is the highest transaction price in the region, recorded in Thanh Hoa and Nghe An provinces. The remaining localities maintain purchasing live pigs at prices ranging from 60,000 - 62,000 VND/kg.

In the Southern region, the price of live pigs today increased slightly and fluctuated between 59,000 - 61,000 VND/kg. Soc Trang province adjusted the price of live pigs up by 1,000 VND/kg to 59,000 VND/kg. This price was also recorded in An Giang, Vinh Long, Kien Giang, Hau Giang, Ca Mau, Tien Giang, Tra Vinh, Ben Tre.