Summer-Autumn rice prices continue to fluctuate strongly; coffee and pepper prices continue to increase

Summer-Autumn rice continues to fluctuate strongly

Today's rice prices on August 4 in the Mekong Delta region increased by 100 - 200 VND/kg for many types of rice. For sticky rice, the price of fresh An Giang sticky rice is at 6,300 - 6,600 VND/kg; Long An sticky rice (dried) is priced at 7,700 - 7,900 VND/kg.

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

Regarding rice, the price of raw rice and finished rice products has also been adjusted up. Accordingly, IR 504 raw rice is at 11,300 - 11,400 VND/kg, up 150 VND/kg. Finished rice is at 13,200 - 13,300 VND/kg, up 200 VND/kg.

For by-products, by-product prices increased by 50 VND/kg for dry bran.

According to traders, today there is little rice supply. Prices of all types of rice tend to increase. The summer-autumn rice market continues to fluctuate strongly. Prices of all types of rice tend to increase by about 100 - 200 VND/kg compared to yesterday.

In the rice export market, Vietnam's rice export price continued to increase by 5 USD/ton. Specifically, 5% broken rice was traded at 598 USD/ton, up 5 USD/ton; 25% broken rice was at 578 USD/ton, up 5 USD/ton. Jasmine fragrant rice alone was at 733 USD/ton, up 45 USD/ton compared to August 1 and up 110 USD/ton compared to July 20.

Domestic coffee prices continue to increase; highest purchase price in Dak Nong

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

Compared to the first trading session of the week (July 31), domestic coffee prices continued to increase, averaging from 1,500 - 1,600 VND/kg, with the highest price at 67,900 VND/kg.

According to experts, the continued increase in world coffee prices is due to the positive financial situation in the United States, investors believe that the US bond market will remain highly liquid and use the USD as a reference currency. At the same time, the decline in stocks has caused investors to change direction. In addition, due to the impact of dry weather, Brazil's coffee exports have decreased significantly (more than 16% compared to the same period), which has also pushed up coffee prices. This has caused consumer markets to return to concerns about supply shortages, while the world's demand for Robusta coffee is increasing.

Pepper price today August 4: Continuing growth momentum

Pepper prices today, August 4, in the domestic market continued to increase by 500 - 1,000 VND/kg in key regions. Accordingly, pepper prices in the Central Highlands provinces were purchased by traders at around 70,000 - 71,500 VND/kg.

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

Accordingly, in Dong Nai, pepper price is at 71,500 VND/kg, up 500 VND/kg. Pepper price in Binh Phuoc is at 72,500 VND/kg, up 1,000 VND/kg. Pepper price in Ba Ria Vung Tau is still the highest and today is purchased by traders at 73,000 VND/kg, up 500 VND/kg.

Thus, today's pepper price in the domestic market increased by 1,000 VND/kg in the Central Highlands and 500 - 1,000 VND/kg in the Southeast. This is the fourth consecutive increase in the week. After the adjustment, the domestic pepper price increased by 2,500 - 3,000 VND/kg compared to the end of last week. Positive signals came to the market at the beginning of August 2023.

Gold price today August 4: SJC gold price remains stable while world price drops sharply

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

At the end of the trading session on August 3, Saigon Jewelry Company listed the gold buying price at VND66.60 million/tael; the selling price was VND67.20 million/tael, equal to the buying and selling prices compared to the opening session of the same morning. The difference in the selling price of gold is still VND600,000/tael higher than the buying price.

DOJI Group listed the buying and selling price of gold at 66.55 - 67.30 million VND/tael. Compared to the beginning of the morning session, the buying and selling price of gold at DOJI continued to move sideways. The difference between the buying and selling price of gold at DOJI is maintained at 750,000 VND/tael.

The world gold price continued to decline when the spot price on Kitco floor was only 1,932 USD/oz, down 3 USD/oz compared to the end of the trading session on August 2. Converting the world gold price according to the foreign exchange rate at Vietcombank: 1 USD = 23,920 VND, the world gold price is equivalent to 55.67 million VND/tael, 11.53 million VND/tael lower than the SJC gold selling price at the end of August 3.