Summer-autumn rice prices continue to fluctuate sharply; coffee and pepper prices continue to rise.

Summer-autumn rice prices continue to fluctuate sharply.

Today, August 4th, rice prices in the Mekong Delta region have increased by 100-200 VND/kg for various rice varieties. For glutinous rice, fresh An Giang glutinous rice is priced at 6,300-6,600 VND/kg; dried Long An glutinous rice is priced at 7,700-7,900 VND/kg.

At this price level, rice prices in the area have increased by 100-300 VND/kg compared to last week, by 400-700 VND/kg compared to last month, and by 400-1,600 VND/kg compared to the same period in 2022.

Regarding rice, the prices of both raw and finished rice have also been adjusted upwards. Accordingly, IR 504 raw rice is priced at 11,300 - 11,400 VND/kg, an increase of 150 VND/kg. Finished rice is priced at 13,200 - 13,300 VND/kg, an increase of 200 VND/kg.

For by-products, the price of dry bran increased by 50 VND/kg.

According to traders, the supply of rice is low today. Prices of all types of rice are trending upwards. The summer-autumn rice market continues to fluctuate sharply. Prices of all rice varieties are trending higher, increasing by about 100-200 VND/kg compared to yesterday.

On the rice export market, the price of Vietnamese rice continued to increase by $5/ton. Specifically, 5% broken rice traded at $598/ton, up $5/ton; 25% broken rice at $578/ton, up $5/ton. Jasmine fragrant rice reached $733/ton, up $45/ton compared to August 1st and $110/ton compared to July 20th.

Domestic coffee prices continue to rise; highest purchase prices recorded in Dak Nong.

Domestic coffee prices on August 4th in the Central Highlands provinces continued to rise, fluctuating between 66,900 and 67,900 VND/kg. Specifically, coffee prices in Dak Nong province were the highest, commonly reaching 67,900 VND/kg. Prices in Dak Lak province were generally 67,700 VND/kg; bulk coffee beans in Gia Lai and Kon Tum provinces averaged 67,400 VND/kg; and in Lam Dong province, the common purchase price was 66,900 VND/kg.

Compared to the beginning of the week (July 31), domestic coffee prices continued to rise, averaging 1,500 - 1,600 VND/kg, with the highest price reaching 67,900 VND/kg.

According to experts, the continued rise in world coffee prices is due to the favorable financial situation in the United States, with investors believing that the US bond market will remain highly liquid and use the USD as a benchmark currency. Simultaneously, the decline in stocks has caused investors to shift their investment strategies. Furthermore, due to the impact of drought, Brazil's coffee exports have decreased significantly (more than 16% year-on-year), also pushing prices up. This has led to renewed concerns about supply shortages in consumer markets, while global demand for Robusta coffee continues to increase.

Pepper prices today, August 4th: Continuing the upward trend.

Today, August 4th, pepper prices in the domestic market continued to adjust upwards by 500-1,000 VND/kg in key producing regions. Accordingly, pepper prices in the Central Highlands provinces are being purchased by traders at around 70,000-71,500 VND/kg.

In the Southeast region, pepper prices also increased by 500-1,000 VND/kg today. Currently, pepper prices in this area are being purchased at around 71,500-73,000 VND/kg.

Accordingly, in Dong Nai, the price of pepper is 71,500 VND/kg, an increase of 500 VND/kg. In Binh Phuoc, the price is 72,500 VND/kg, an increase of 1,000 VND/kg. Ba Ria Vung Tau pepper remains the most expensive, with traders purchasing it today at 73,000 VND/kg, also an increase of 500 VND/kg.

Thus, today's pepper prices in the domestic market adjusted upwards by 1,000 VND/kg in the Central Highlands and 500-1,000 VND/kg in the Southeast region. This is the fourth consecutive upward adjustment this week. After the adjustment, domestic pepper prices have increased by 2,500-3,000 VND/kg compared to the end of last week. These are positive signals for the market at the beginning of August 2023.

Gold prices today, August 4th: SJC gold remains stable as global prices fall sharply.

The buying and selling price of SJC gold today remains at 66.60 - 67.20 million VND/ounce, while the world gold price continues to fall by 3 USD/ounce to 1,932 USD/ounce.

At the close of trading on August 3rd, the domestic gold market saw Saigon Jewelry Company (VBĐQ Sài Gòn) list the buying price of gold at 66.60 million VND/ounce and the selling price at 67.20 million VND/ounce, unchanged from the opening prices of the morning session. The difference between the selling and buying price of gold remains high at 600,000 VND/ounce.

DOJI Group listed the buying and selling prices of gold at 66.55 - 67.30 million VND/ounce. Compared to the beginning of the morning session, the buying and selling prices of gold at DOJI remained unchanged. The difference between the buying and selling price of gold at DOJI is currently maintained at 750,000 VND/ounce.

World gold prices continued to decline, with the spot price on the Kitco exchange falling to just $1,932/oz, down $3/oz compared to the close of trading on August 2nd. Converting the world gold price using the Vietcombank exchange rate of 1 USD = 23,920 VND, the world gold price is equivalent to 55.67 million VND/ounce, which is 11.53 million VND/ounce lower than the SJC gold selling price at the end of August 3rd.