The decline has not ended, steel prices have lost value for 15 consecutive times; Rice and coffee prices remain high
(Baonghean.vn) - Rice prices increased sharply by 200 - 300 VND/kg, high demand; Domestic coffee prices remained high; The downward trend has not stopped, steel prices have lost value 15 times in a row... are information about the market situation today.
Riceincreased sharply by 200 - 300 VND/kg, high demand
Rice prices today, July 25, 2023, in the domestic market continued to increase sharply from 200 - 300 VND/kg. The rice market is bustling.
Accordingly, at An Giang warehouse, the price of OM 5451 and OM 18 rice continued to increase by 100 - 300 VND/kg. Specifically, OM 5451 rice is currently being purchased by traders in the field at 6,700 - 6,800 VND/kg, an increase of 100 VND/kg; OM 18 rice is 6,900 - 7,100 VND/kg, an increase of 300 VND/kg.
IR504 rice is being purchased by traders at 6,700 - 6,900 VND/kg; Dai Thom 8 rice is at 6,900 - 7,100 VND/kg; Nang Hoa 9 is priced at 6,600 - 6,800 VND/kg; Nhat rice is also stable at 7,800 - 8,000 VND/kg; Nang Nhen rice (dry) is at 13,000 VND/kg.
Regarding rice, the price of raw rice and finished products has been adjusted up by 100-200 VND/kg. Accordingly, IR 504 raw rice is at 10,400-10,500 VND/kg, up 200 VND/kg. Finished rice is at 11,900-12,000 VND/kg, up 200 VND/kg.
According to traders, the amount of rice imported is less than yesterday, so the price of rice remains high. The price of rice continues to increase. Rice near the harvest date is in high demand from traders, and the price is high. At the beginning of the week, the price of summer-autumn rice continues to increase, with high demand.
In the export market, export rice prices stagnated after an upward adjustment session. Specifically, 5% broken rice was traded at 533 USD/ton; 25% broken rice was at 513 USD/ton.
According to businesses, Vietnamese rice benefits in price when India bans rice exports, but not much because Vietnam's rice supply is limited.
Domestic coffee prices remain high
Domestic coffee prices on July 25, 2023, in the Central Highlands provinces continued to remain high, currently fluctuating from 66,200 - 66,900 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. The price of coffee in Gia Lai and Kon Tum provinces is at 66,500 VND/kg.
Today's coffee price in Dak Lak province, in Cu M'gar district is currently at 66,600 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 66,700 VND/kg.
Regarding world coffee prices, coffee prices on both exchanges recorded "green".
At the end of the weekend trading session, the price of Robusta coffee on the London floor for September delivery stood at 2,616 USD/ton and for November delivery stood at 2,442 USD/ton. Trading volume remained above average.
Arabica coffee futures on the New York Mercantile Exchange for September delivery were at 164.10 cents/lb and for December delivery at 163.75 cents/lb. Trading volume remained above average.
In the short term, world coffee prices are forecast to continue to fall due to new crop sales pressure from the world’s largest producer and exporter. However, the rate of decline will slow down due to concerns about supply shortages and forecasts that Vietnam’s coffee output in the harvest at the end of this year will decrease by about 10%.
Pepper price decreased by 500 VND/kg in key areas
Pepper prices today, July 25, 2023, in the domestic market turned down 500 VND/kg in key regions. Accordingly, pepper prices in the Central Highlands provinces were purchased by traders around 66,500 - 67,500 VND/kg.
Specifically, Chu Se pepper price (Gia Lai) is being purchased by traders at 66,500 VND/kg, down 500 VND/kg. Dak Lak pepper price today and pepper price in Dak Nong decreased 500 VND/kg to 67,500 VND/kg.
In the Southeast region, pepper prices also decreased today. Currently, pepper prices in this region are being purchased around 68,000 - 69,500 VND/kg.
Accordingly, in Dong Nai, pepper price is at 68,000 VND/kg, down 500 VND/kg. Binh Phuoc pepper price is at 68,500 VND/kg, down 500 VND/kg. Ba Ria - Vung Tau pepper price is still the highest and today is purchased by traders at 69,500 VND/kg, down 500 VND/kg.
Thus, pepper prices today turned down after many flat sessions last week. The domestic pepper market is quiet. Many businesses said that the market slowed down because speculators tend to switch to coffee and purchasing power from major markets such as the EU, the US and China decreased.
It is forecasted that pepper exports will continue to face many difficulties due to the slow recovery of major markets, and the amount of inventory from last year is also the reason why importers reduce their purchases of pepper from Vietnam. With the current mentality of waiting for orders from the market, the Vietnam Pepper Association recommends that businesses need to consider and be alert, carefully assessing their financial capacity when signing large-volume, long-distance contracts at low prices.
The decline has not ended, steel prices have lost 15 consecutive times.
Domestic construction steel prices continued to be adjusted down for the 15th consecutive time, bringing the selling price to 13-14 million VND/ton.
The downward trend of domestic construction steel prices has not stopped. Some domestic steel enterprises have just announced price reductions of 100,000-300,000 VND/ton for D10 CB300 rebar and CB240 coil steel products.
According to data from Steel Online, compared to the adjustment on July 15, in this price reduction, Viet My Steel, Viet Sing Steel and Southern Steel are the 3 enterprises with the biggest reduction.
Accordingly, Viet My Steel in the North reduced the price of CB240 rolled steel by 300,000 VND/ton and the price of D10 CB300 rebar by 200,000 VND/ton, to 13.5 million VND/ton and 13.6 million VND/ton, respectively.
Viet Sing Steel in the North reduced the price of CB240 rolled steel by VND200,000/ton to VND13.6 million/ton; and reduced the price of D10 CB300 ribbed steel by VND110,000/ton, bringing the selling price to VND13.8 million/ton.
Meanwhile, Southern Steel adjusted down 150,000 VND/ton for D10 CB300 rebar, to 14.62 million VND/ton; CB240 rolled steel products remained at 14.41 million VND/ton.
Meanwhile, the remaining steel brands all reduced by 100,000 VND/ton for D10 CB300 rebar steel.
Gasoline price today July 25: Continues to increase
Oil prices on the world market continued to rise today, July 25. Brent oil prices reached 82 USD/barrel, while WTI oil prices increased to over 78 USD/barrel.
In the domestic market, the selling prices of gasoline and oil today are applied according to the prices at the management session on the afternoon of July 21 of the Ministry of Finance - Industry and Trade.
Specifically, the price of RON 95-III gasoline increased by VND1,300/liter, to VND22,790/liter; the price of E5 RON 92-II gasoline increased by VND1,220/liter, the selling price is VND21,630/liter.
Diesel price increased by 890 VND/liter, to 19,500 VND/liter. Kerosene price increased by 860 VND/liter, to 19,180 VND/liter.
In the world market, gasoline prices continued to rise today (July 25). Brent oil price reached 82 USD/barrel, while WTI oil price increased to over 78 USD/barrel.
According to data from Oilprice, at 9:39 a.m. on July 24 (Vietnam time), Brent crude oil was trading at $80.72 per barrel, down $0.35, or 0.43%, from the previous session. WTI crude oil was at $76.75 per barrel, down $0.32, or 0.42%, from the previous session.
At 9:17 p.m. on July 24 (Vietnam time), Brent oil price reached 82.12 USD/barrel, up 1.05 USD, equivalent to 1.3% compared to the previous session. WTI oil price was at 78.26 USD/barrel, up 1.19 USD, equivalent to 1.54% compared to the previous session.