Airfare prices on September 2nd increased; Gold prices have many opportunities to recover
(Baonghean.vn) - Airfare prices on September 2nd increased; Gold prices have many opportunities to recover; Summer-Autumn rice prices continuously increase; Pepper prices receive positive signals... are information about the market situation today.
Airfare prices increase on September 2nd
More than a month to go until the National Day holiday on September 2nd, but domestic airfares have already been pushed up. In particular, airfares from major cities to tourist destinations are 2-3 times higher than usual.
The high demand for travel during the National Day holiday on September 2 has pushed airfares from major cities to tourist destinations up 2-3 times compared to normal days. For the Hanoi - Phu Quoc route, departing on September 1-2, Vietnam Airlines tickets cost from 3 million VND/way or more. With the same airline, if you depart or return 2-3 days before the holiday, the ticket price is only 1-1.5 million VND/way.
With the same destination, Phu Quoc, but departing from Ho Chi Minh City, Vietnam Airlines' ticket price is from approximately 1.7 million VND or more, while Vietjet's ticket price is from 1.4 million VND/way or more, while on weekdays the ticket price is only from 600 thousand VND/way.
For other flights from Hanoi to tourist destinations such as Da Lat, Hue, Nha Trang, Da Nang... during National Day, the lowest airfare is also from 1.5-2 million VND/way or more, this price is also double that of normal days.
Similar to flights from Ho Chi Minh City to Hue, Da Nang, Nha Trang... airfare during the National Day holiday is also from 1.1 million VND/way or more, while on normal days it is only about 700,000 VND/way.
Gold prices have many opportunities to recover
Domestic gold prices increased slightly in the North and South. World gold prices increased slightly but not significantly.
Today's 9999 gold price is listed by DOJI at 66.55 million VND/tael for buying and 67.25 million VND/tael for selling.
At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 66.70 - 67.05 million VND/tael (buy - sell).
SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 66.65 - 67.23 million VND/tael (buy - sell).
The world spot gold price closed the trading session last weekend (July 28) at 1,959 USD/oz. The August gold futures price was last traded at 1,955 USD/oz.
The gold market has been volatile since the announcement of the latest indexes from the US Department of Commerce, showing that the consumer price index in June increased by only 0.2%, lower than the increase of 0.3% in May. The US inflation index in June also increased by only 4.1%, a sharp decrease compared to the increase of 4.6% in May, in line with economists' expectations. However, the inflation rate is still high, more than double the Federal Reserve's target of 2%. Meanwhile, the overall inflation rate in the past 12 months in the US increased by 3.0%.
Summer-Autumn rice prices continue to increase
Rice prices today, July 31, 2023, in the domestic market are high after many sessions of upward adjustment. It is forecasted that domestic and export rice prices will continue to increase.
Accordingly, at An Giang warehouse, all types of fresh rice have increased by 100-200 VND/kg compared to the previous week. For sticky rice, Long An sticky rice (fresh) is at 6,300 - 6,600 VND/kg; An Giang sticky rice (fresh) is 6,000 - 6,300 VND/kg; Long An sticky rice (dried) is priced at 7,700 - 7,900 VND/kg.
Regarding rice, the price of raw rice and finished rice products remained stable. Accordingly, IR 504 raw rice was at 10,700 - 10,850 VND/kg. Finished rice was at 12,400 - 12,500 VND/kg.
According to traders, the amount of rice arriving today is still low, the price of all types of rice has increased slightly. The summer-autumn rice market is bustling, the price continues to increase. The demand for rice consumption from businesses is high.
At this time, people in the provinces and cities of the Mekong Delta are harvesting the end of the 2023 summer-autumn rice crop. People are very excited because the rice crop is good and the price is good. Compared to the same period last year, the price of rice has increased by 1,000 VND/kg, making many households happy to recover from the summer-autumn crop of last year.
In the export market, Vietnamese rice export prices remained stable. Specifically, 5% broken rice was traded at 558 USD/ton; 25% broken rice was at 538 USD/ton. This is the highest price since 2011.
Both the UAE and Russia recently announced they would stop selling rice abroad, just a week after a similar ban by India. The ban could put pressure on global prices amid fears that El Nino will destroy crops. Prices for other major grains have also spiked due to Russia-Ukraine tensions. India is also restricting exports of wheat and sugar.
Many businesses believe that Vietnam's rice exports will benefit in terms of price as countries continuously impose bans on rice exports.
Pepper prices receive positive signals
Pepper prices today, July 31, 2023, in the domestic market remained stable after an upward adjustment session. Accordingly, pepper prices in the Central Highlands provinces were purchased by traders around 67,000 - 68,000 VND/kg.
In the Southeast region, pepper prices today also did not fluctuate. Currently, pepper prices in this region are being purchased around the mark of 69,000 - 70,500 VND/kg.
Accordingly, in Dong Nai, pepper price is at 69,000 VND/kg. Pepper price in Binh Phuoc is at 69,500 VND/kg. Pepper price in Ba Ria Vung Tau is still the highest and today is purchased by traders at 70,500 VND/kg.
Thus, today's pepper price in the domestic market remained stable after an upward adjustment session. The domestic pepper market traded stably. Last week, domestic pepper prices increased by 500 VND/kg in the Southeast region.
