Domestic gold price increased to 67.35 million VND/tael; Rice price continued to increase by 10 USD/ton
(Baonghean.vn) - Domestic gold increased to 67.35 million VND/tael; Rice price continued to increase by 10 USD/ton; Domestic coffee increased by 200 VND/kg... are information about the market situation today.
Gold price on July 28: Domestic gold increased to 67.35 million VND/tael
Increasing following the world market, SJC gold price is currently at 67.35 million VND/tael, 10.6 million VND/tael higher than the world gold price.
At the end of the trading session, Saigon Jewelry Company listed the gold buying price at 66.75 million VND/tael; the selling price was 67.35 million VND/tael, an increase of 150,000 VND/tael in both buying and selling compared to the opening time of the trading session on the same day. The difference in the selling price of gold is still 600,000 VND/tael higher than the buying price.
At the same time, DOJI Group listed the buying and selling price of gold at 66.55 - 67.25 million VND/tael. Compared to the opening time of the trading session on July 27, the buying and selling price of gold at DOJI has not changed. The difference between the buying and selling price of gold at DOJI is maintained at 700,000 VND/tael.
World gold prices continue to increase. Currently, the spot gold price on Kitco is 1975.8 USD/oz, up 1.5 USD/oz compared to the previous trading session.
Converting world gold prices according to foreign exchange rates at Vietcombank: 1 USD = 23,840 VND, world gold price is equivalent to 56.75 million VND/tael, 10.6 million VND/tael lower than the selling price of SJC gold on the afternoon of July 27, 2023.
Rice price today July 28, 2023: Continue to increase by 10 USD/ton
Today's rice price on July 28, 2023 in the domestic market has slowed down after many hot sessions. In the market, the export price of Vietnamese rice increased by 10 USD/ton.
Accordingly, at An Giang warehouse, OM 5451 rice is being purchased by traders at the field at 6,700 - 6,800 VND/kg; OM 18 rice is 6,900 - 7,100 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 rice products has stabilized and remained stable after many sessions of sharp increases. Accordingly, IR 504 raw rice is at 10,500 - 10,600 VND/kg. Finished rice is at 12,100 - 12,200 VND/kg.
According to traders, the amount of rice arriving today is still small, the price of rice of all kinds has increased slightly. The rice market is bustling, farmers offer high prices, traders find it difficult to buy.
In July, domestic rice prices skyrocketed following news that India had banned the export of non-basmati rice. Summer-autumn rice prices increased compared to June.
In the export market, Vietnam's rice export prices continued to increase by 10 USD/ton. Specifically, 5% broken rice was traded at 558 USD/ton, up 10 USD/ton; 25% broken rice was at 538 USD/ton, up 10 USD/ton. This is the highest offering price that Vietnamese rice enterprises have offered since July 2021.
Along with Vietnamese rice, Thai rice prices increased sharply by 15 - 31 USD/ton. Accordingly, the price of 5% broken Thai rice was at 603 USD/ton, up 15 USD/ton; 25% broken rice was at 531 USD/ton, up 31 USD/ton; 100% broken rice was at 468 USD/ton, up 15 USD/ton.
Domestic coffee increased by 200 VND/kg
Domestic coffee prices on July 28, 2023, in the Central Highlands provinces increased by 200 VND/kg, the highest at 67,300 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, coffee is purchased at a price of 66,500 - 66,600 VND/kg.
Coffee prices in Gia Lai and Kon Tum provinces stood at 67,000 VND/kg.
Today's coffee price in Dak Lak province in Cu M'gar district is currently at 67,000 VND/kg. In Ealeo district, Buon Ho town is purchased at the same price of 67,100 VND/kg. In Dak Nong province, the highest coffee price is 67,300 VND/kg.
Regarding world coffee prices, coffee prices on the two exchanges have opposite trends when Robusta coffee prices on the ICE Europe exchange increased sharply, while Arabica coffee prices on the ICE US exchange decreased slightly.
The global coffee market is facing one of its biggest deficits in recent years.
In Vietnam, the world's number 1 Robusta producer, the General Department of Vietnam Customs recently announced that the country transported 31,607 tons of coffee in the first half of July, only 46% of the amount of coffee exported in the same period last month and 46% lower than the amount transported in the same period last year.
Experts say that if coffee export prices remain high, the Vietnamese coffee industry could surpass the 4 billion USD turnover mark in 2023.
With limited supply and concerns about weather affecting the upcoming crop, the world market continues to increase coffee purchases. This will help domestic coffee prices to increase in the coming time.
Supply down, price upconsumption increases again
Pepper price today, July 28, 2023, in the domestic market increased by 500 VND/kg after many flat sessions. Accordingly, pepper prices in the Central Highlands provinces are purchased by traders around 67,000 - 68,000 VND/kg. Specifically, Chu Se pepper price (Gia Lai) is being purchased by traders at 67,000 VND/kg, an increase of 500 VND/kg. Dak Lak pepper price today and pepper price in Dak Nong increased by 500 VND/kg to 68,000 VND/kg.
In the Southeast region, pepper prices also decreased today. Currently, pepper prices in this region are being purchased from 68,000 - 69,500 VND/kg.
Accordingly, in Dong Nai, pepper price is 68,500 VND/kg, an increase of 500 VND/kg. Pepper price in Binh Phuoc is 69,000 VND/kg, an increase of 500 VND/kg. Pepper price in Ba Ria Vung Tau is still the highest and today is purchased by traders at 70,000 VND/kg, an increase of 500 VND/kg.
Thus, after many sideways sessions, pepper prices today in the domestic market have increased again.
At the end of yesterday's trading session, the International Pepper Community (IPC) listed a decrease in prices for Indonesian pepper. Accordingly, the price of Lampung black pepper (Indonesia) closed at 3,726 USD/ton, down 0.16%; The price of Muntok white pepper was 6,451 USD/ton, down 0.17%. For the remaining countries, pepper prices remained stable.