Chinese market 'buys' strongly, dragon fruit price reaches 42,000 VND/kg
(Baonghean.vn) - The Chinese market is "buying" goods strongly, dragon fruit price has reached 42,000 VND/kg; the price of hybrid lychee at the beginning of the season fluctuates between 50,000 - 60,000 VND/kg... are notable market information on May 16.
Chinese market "buys" strongly, dragon fruit price reaches 42,000 VND/kg
During the transitional season, while the Chinese market is in high demand, the price of dragon fruit at gardens is very high, 42,000 VND/kg.
For white-fleshed dragon fruit, the current price is over 20,000 VND/kg. With the current price, dragon fruit growers earn large profits. Because currently, the cost of growing dragon fruit under lights will be around 15,000 VND/kg, and if grown in the right season, the price will be around 10,000 VND/kg.
The current selling price is also on par with the price near the Lunar New Year 2023. Along with Long An, currently, gardeners in Tien Giang province sell red-fleshed dragon fruit (type 1) for nearly 40,000 VND/kg, type 2 and type 3 for 30,000 - 33,000 VND/kg. This is the highest price in the past few years.
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| China "buys heavily", dragon fruit price reaches 42,000 VND/kg. |
At this price, each kilogram of dragon fruit brings in a profit of 15,000 - 20,000 VND. Tien Giang province has nearly 10,000 hectares of commercial dragon fruit. However, only 10 - 15% of the orchards have fruit for harvest. According to gardeners, about 1 month later, dragon fruit will enter the peak harvest season.
According to gardeners, the reason why dragon fruit prices are high is because China is "buying" the goods heavily, while in Vietnam, dragon fruit is in the transitional season and the supply is low.
Regarding the forecast of dragon fruit price in the coming time, it is unlikely to increase further because dragon fruit is currently preparing to enter the main season.
Currently, Vietnamese dragon fruit has been exported to more than 15 countries and territories. In addition to traditional markets such as China, Thailand, Malaysia, Vietnamese dragon fruit has also penetrated demanding markets such as the US, Japan, Korea, New Zealand, and Australia. Previously, Vietnamese dragon fruit held a monopoly in the international market, accounting for 80-90% of transactions.
However, data from the Import-Export Department (Ministry of Industry and Trade) shows that in the first two months of 2023, dragon fruit exports reached nearly 106 million USD, down 26.9% over the same period in 2022. The reason is that there are currently many countries participating in dragon fruit production, making the market increasingly competitive.
The price of early season hybrid lychee fluctuates between 50,000 - 60,000 VND/kg.
Although it is not yet the main season, in many places, early season lychees are sold at an average price of about 50,000 - 60,000 VND/kg.
In Hai Duong, with 3,265 hectares of lychee, this year Thanh Ha district is estimated to reach about 40,000 tons (early lychee 25,000 tons, main crop lychee 15,000 tons), equivalent to last year's lychee crop. In 2023, the whole district has 45 lychee production areas that have been granted 168 export codes, 45 export growing areas for China, 40 export growing area codes for Australia, 36 export growing area codes for Japan, 39 export growing area codes for the United States, and 8 export growing area codes for Thailand. In addition to high-end export markets, Thanh Ha lychee is being promoted for consumption in all regions of the country.
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The price of early season hybrid lychee fluctuates between 50,000 - 60,000 VND/kg. |
According to the Department of Industry and Trade of Bac Giang province, in 2023, the whole province will have 29,700 hectares of lychee; of which, the harvested area is estimated to yield over 180,000 tons, with the expected harvest time from May 20 to July 30. Up to this point, 201 Chinese traders have registered to enter Vietnam and come to Bac Giang to participate in monitoring the raw material area, signing contracts to purchase and consume lychee in this locality.
A few days before, some Facebook account holders advertised Thanh Ha lychees for sale. However, according to the local leader, Thanh Ha currently has no lychees. Lychees being sold on social networks may be from Dak Lak, Quang Ninh or some other localities that usually ripen first, looking very similar to Thanh Ha eggplant lychees. Thanh Ha white eggplant lychees are the earliest to ripen but the outer surface of the skin has not yet turned red, it is expected to be harvested sporadically around May 19, when ripe it has a fragrant, sweet taste, when peeled it does not wet the hands, the flesh is thick.
This year, lychee growers have had a hard time due to the erratic weather, causing lychee to fall quite a lot. However, with many years of experience in growing lychee, people have been producing in the right direction, ensuring the processes and instructions of professional agencies, maintaining the lychee yield equivalent to last year's crop.
Continuing to increase, pepper price reaches highest at 77,000 VND/kg
Pepper prices today, May 16, in the domestic market continued to be adjusted up by 500 VND/kg after increasing by 1,000 VND/kg yesterday. Currently, pepper prices in key regions fluctuate around 73,500 - 77,000 VND/kg.
Specifically, in the Central Highlands region, pepper prices today fluctuate around 73,500 - 75,000 VND/kg. In Gia Lai, pepper prices today are purchased by traders at 73,500 VND/kg, an increase of 500 VND/kg. In Dak Lak and Dak Nong provinces, pepper prices today are adjusted up 500 VND/kg to 75,000 VND/kg.
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Pepper prices today in key regions have increased by 500 VND/kg compared to yesterday. |
Similarly, in the Southeast, pepper prices today also increased by 500 VND/kg. Currently, pepper prices in Ba Ria Vung Tau are being purchased by traders at 77,000 VND/kg, an increase of 500 VND/kg. In Dong Nai and Binh Phuoc, pepper prices also stood at 76,500 VND/kg, an increase of 500 VND/kg.
Thus, today's pepper price in key regions has increased by 500 VND/kg compared to yesterday. At the same time, after 2 consecutive days of increase, pepper price has increased by 1,500 VND/kg.
In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper in Indonesia at 3,565 USD/ton and the price of Muntok white pepper at 6,043 USD/ton.
According to a report from the Vietnam Pepper and Spice Association, our country's pepper exports in the first four months of 2023 increased sharply. By the end of April 2023, the whole country exported 103,018 tons of pepper. Of which, black pepper reached 93,982 tons, and white pepper reached 9,036 tons.
In particular, pepper exports to Asia increased by 77%, accounting for 60.2% of the market share. Of which, China continues to be the main export market for Vietnamese pepper. In the first 4 months of 2023, China imported 35,914 tons of pepper, an increase of 1,430.2% over the same period.
Domestic coffee prices exceed 55,000 VND/kg
Domestic coffee prices today, May 16, remain stable, currently fluctuating from 54,900 - 55,300 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 is currently purchased at a price of 54,800 - 54,900 VND/kg.
Coffee prices in Gia Lai and Kon Tum provinces stood at 55,200 VND/kg.
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| In Dak Nong province, coffee is purchased at 55,300 VND/kg. |
Today's coffee price in Dak Lak province in Cu M'gar district is currently at 55,200 VND/kg. In Ea H'leo district, Buon Ho town, the price is 55,300 VND/kg.
In the world coffee trading market, on the London Stock Exchange (UK), Robusta coffee prices in the most recent trading session before the opening on May 14 fluctuated from 2,355 to 2,439 USD/ton. Of which, the price of coffee futures for delivery in July 2023 reached 2,439 USD/ton. The remaining coffee delivery terms were respectively priced at 2,417 USD/ton for coffee delivery in September 2023; 2,382 USD/ton for coffee delivery in November 2023 and 2,355 USD/ton for coffee delivery in January 2024.
On the New York Stock Exchange (USA), the price of Arabica coffee in the most recent trading session fluctuated from 179.25 to 183.35 cents/lb. Specifically, coffee for delivery in July 2023 reached 183.35 cents/lb. For the coffee delivery period in September 2023, the price matched 181.35 cents/lb; coffee for delivery in December 2023 reached 179.3 cents/lb and for the coffee delivery period in March 2024 reached 179.25 cents/lb.
In general, in the first four months of 2023, coffee exports to markets such as Germany, Italy, the United States, Russia, Spain, etc. increased compared to the same period last year, but exports to Japan and Belgium decreased.