Pig prices are forecast to continue to increase across the board; Domestic coffee prices to increase to 700 VND/kg
(Baonghean.vn) - Pig prices are forecast to continue to increase across the board; Domestic coffee prices will increase to 700 VND/kg; Australian tangerines will arrive in Vietnam at super cheap prices... are information about the market situation today.
Pig price forecastcontinued to increase across the board
The price of live pigs today fluctuates 1,000 - 2,000 VND/kg. In just the past 3 months, the price of live pigs in the Mekong Delta and many other localities in the country has increased by a total of more than 10,000 VND/kg and is at its highest level since the beginning of the year.
The price of live pigs in the North today decreased slightly. Accordingly, 62,000 VND/kg is the transaction price recorded in the two provinces of Bac Giang and Phu Tho, down 1 price. Hung Yen and Thai Binh continue to be the two provinces with the highest purchase price in the region with 63,000 VND/kg. The purchase price is stable in the remaining provinces and cities.
At the same time of survey, the price of live pigs in the Central and Central Highlands regions increased the highest by 2,000 VND/kg. Specifically, Quang Tri province adjusted the price up 2,000 VND/kg to 62,000 VND/kg. Live pigs in Thua Thien Hue, Quang Nam, Quang Ngai and Khanh Hoa provinces were traded at 59,000 VND/kg, an increase of 1,000 VND/kg. Other localities traded stably.
Some experts believe that pig prices may continue to rise due to many new positive changes in the market. With this price, many farmers can make a profit and no longer suffer heavy capital losses like in the first months of 2023.
Pig prices increased due to a decrease in supply in many localities compared to previous months due to the small number of pigs ready for sale, as well as due to people reducing pig farming, especially small-scale pig farmers.
According to traders and pork businesses, high demand for pork in many places has also created conditions for pig prices to recover. At the same time, many businesses have also reduced imports of frozen pork and increased sales of domestic pork products.
Domestic coffee prices increased to 700 VND/kg
Coffee prices today (June 28) in the domestic market remained high at around 66,500 VND/kg, of which coffee prices in Lam Dong province increased by 700 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 the price of 66,100 - 66,200 VND/kg, an increase of 700 VND/kg.
Coffee prices in Dak Lak province increased by 600 VND/kg today, in Cu M'gar district, coffee prices are currently at 66,400 VND/kg. In Ea H'leo district, Buon Ho town, coffee is purchased at the same price of 66,500 VND/kg.
In Dak Nong province, coffee was purchased at the highest price of 66,700 VND/kg, an increase of 500 VND/kg.
In the first 5 months of 2023, Vietnam's coffee exports reached 866,000 tons, worth over 2 billion USD, down 3.9% in volume and 0.4% in value compared to the same period last year. According to statistics from the General Department of Customs, in May 2023, Vietnam's coffee exports reached 150,000 tons, worth 384.69 million USD, down 8.5% in volume and 3.5% in value compared to April 2023, but up 5.1% in volume and 18.6% in value compared to May 2022.
Rice price increased by 100 VND, export growth was good
Rice prices today (June 28) in the Mekong Delta fluctuated slightly upward for some rice varieties, while rice prices remained stable.
Specifically, at An Giang warehouse, the price increased by 100 VND/kg, including: Fresh IR 50404 rice is currently being purchased by traders at 6,300 - 6,500 VND/kg, an increase of 100 VND/kg; OM 5451 rice price increased by 100 VND/kg, to 6,300 - 6,500 VND/kg.
Other rice varieties that remain unchanged include: Dai Thom 8 at around 6,800 - 7,000 VND/kg; Japanese rice at around 7,800 - 8,000 VND/kg; OM 18 at 6,800 VND/kg; Nang Hoa 9 rice at around 6,600 - 6,800 VND/kg.
In Kien Giang, many high-quality rice varieties with delicious rice quality and meeting export standards are currently being purchased by traders at high prices, with an average price increase of 500-600 VND/kg compared to the previous summer-autumn crop. Specifically, the price of fresh OM18 rice, purchased by traders at the field, is 6,800 VND/kg, OM 5451 rice is 6,400-6,500 VND/kg, Dai Thom 8 rice is from 6,800-7,000 VND/kg, and Nhat rice is from 7,800-8,000 VND/kg...
In the export market, export rice prices remained stable after yesterday's downward adjustment. Accordingly, the price of 5% broken rice from Vietnam is being offered at 503 USD/ton; 25% broken rice is at 483 USD/ton; and Jasmine rice is stable at 578 USD/ton.
According to the Vietnam Food Association, in the first months of this year, Vietnam's rice exports continued to have good growth in many traditional and potential markets.
Currently, Vietnam's rice prices are high compared to other exporting countries. It is forecasted that rice exports from now until the end of 2023 will continue to grow due to the high demand for rice imports from other countries.
Australian tangerines to Vietnam at super cheap prices
Australian tangerines used to be imported to Vietnam at 250,000 VND per kilogram. Now that the season is in full swing and Chinese goods are competing, the price has dropped by half compared to the same period last year.
A survey at traditional markets in Ho Chi Minh City and fruit stores shows that the retail price of Australian tangerines is currently fluctuating between VND90,000 and VND120,000 per kilogram, down by half compared to the same period last year. Many online stores even advertise them for VND50,000 per kilogram and VND139,000 for 3 kilograms - the cheapest price ever.
A representative of Binh Thuan Fruit and Vegetable Company - a unit specializing in importing imported fruits in large quantities, said that this year, this fruit has many different sizes ranging from 80,000-120,000 VND per kg for a box (9 kg). With the types with super cheap prices, customers should be careful because most of them are of poor quality.
According to this company, to distinguish between real and fake Australian tangerines, customers need to buy from reputable establishments with clear labels and declarations of origin. Counterfeit products often do not have additional labels and have strange brands.
Australian tangerines are mostly imported by air or sea, so they do not reach the market. Currently, most of the Australian tangerines in the market are from China. This type comes to the market in large quantities at wholesale prices of 25,000-30,000 VND per kg. This is also the reason why the price of goods imported directly from Australia has dropped sharply.
On the market today, this product has 2 types: sweet and slightly sour. The slightly sour type is due to the tangerines being harvested before the main season. Compared to Vietnamese tangerines, Australian tangerines are juicy, have less fibrous segments, thinner skin and a more distinctive aroma.