Smartphones are heavily discounted; Expensive Chinese 'Peaches' still 'attract' customers

Expensive Chinese 'Peaches' Still Attract Customers

At this time, not only grapes, apples, melons... but also Chinese peaches are flooding the Vietnamese market. Accordingly, smooth-skinned peaches with yellow and green hearts cost from 7,000-12,000 VND/kg depending on the type, hairy peaches cost 20,000 VND/kg; crow's beak peaches and honey peaches cost from 30,000-55,000 VND/kg.

However, in addition to cheap peaches, there are also Chinese peaches on the market that are extremely expensive. This type of peach is advertised as VIP, has a pink-red skin, is crispy and sweet, and weighs from 350-400 grams/fruit.

"Peaches" are packed in boxes of 9, weighing more than 3kg, and sold for 500,000-600,000 VND/box. In total, the price of "peaches" ranges from 165,000-200,000 VND/kg, equivalent to 55,000 VND to nearly 70,000 VND per fruit. This price is considered extremely expensive compared to other Chinese fruits. Although expensive, customers who want to eat "peaches" still have to "queue". See more

Smartphones are heavily discounted

The second quarter is considered the lowest season of the year for the mobile market. Therefore, retail systems find every way to boost sales and attract users. According to Nhip Song Thi Truong, the trick applied by many dealers is "price war".

Smartphones from mid-range to high-end are all heavily discounted. For example, the Samsung Galaxy S20 FE model is discounted by VND8.5 million, down to VND7 million. Both high-end smartphones Galaxy S23 and Galaxy Z Flip4 have discounts of over VND10 million, down to VND13.1 million and VND13 million, respectively.

The iPhone 14 Pro Max also dropped from its listed price of 34 million VND for the 128 GB version to 26.4 million VND, a decrease of 7.6 million VND. On this occasion, the OPPO Reno 7 Pro was also reduced by 7.8 million VND, to 11.2 million VND.

Domestic coffee prices remain stable

Coffee prices today, July 4, 2023, in the domestic market are stable, currently fluctuating at 64,200 - 64,800 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 64,100 - 64,200 VND/kg.

Coffee prices in Dak Lak province today increased slightly by 100 VND/kg, in Cu M'gar district, coffee prices are currently at 64,500 VND/kg. In Ea H'leo district, Buon Ho town, coffee is purchased at the same price of 64,600 VND/kg.

In Dak Nong province, coffee was purchased at the highest price of 64,800 VND/kg, a slight increase of 100 VND/kg compared to yesterday.

Compared to last week, coffee prices at this time have decreased by 1,400 - 1,500 VND/kg, depending on the locality. In June 2023, domestic coffee prices averaged nearly 64,700 VND/ton, an increase of nearly 8,300 VND/kg compared to May.

According to the General Statistics Office, Vietnam's coffee exports in June are estimated to have reached 150,000 tons, worth 392 million USD, up 9.1% in volume and 24.3% in value over the same period in 2022. This brings the total coffee export volume in the first half of 2023 to an estimated 1.02 million tons, worth 2.40 billion USD, down 2.2% in volume but up 3% in value.

According to experts, the sluggish spot market has negatively impacted world coffee prices while selling pressure from the new crop currently being harvested in Brazil has caused buyers to switch to distant delivery months because these terms have a significant price difference compared to spot prices.

Rice price increased by 100 - 200 VND/kg; transactions were bustling

Today's rice price on July 4, 2023 in the domestic market increased by 100 - 200 VND/kg. The Summer-Autumn rice market is trading actively, prices are high.

Specifically, at An Giang warehouse, the price of OM 5451 rice is at 6,400 - 6,600 VND/kg, an increase of 100 VND/kg; OM 18 rice is at 6,600 - 6,800 VND/kg, an increase of 200 VND/kg. For the remaining varieties, prices remain stable.

Currently, farmers are offering to sell a lot, traders are buying at higher prices; the market is bustling. Many types of beautiful rice in Hong Ngu and Tan Hong areas (Dong Thap), traders are willing to buy at 6,800 - 6,900 VND/kg.

Similarly, for rice, the price of raw rice has increased by VND50/kg, while the price of finished rice remains stable. Specifically, the price of IR 504 raw rice is being purchased at VND10,000 - 10,050/kg, an increase of VND50/kg. The price of finished rice remains at VND11,400/kg.

For by-products, prices also remained at VND9,600 - 9,700/kg for IR 504 broken rice and VND7,600 - 7,700/kg for dry bran. Meanwhile, at retail markets, rice prices were not adjusted. Specifically, glutinous rice remained stable at VND14,000 - 16,000/kg. Regular rice was priced at VND11,000 - 12,000/kg.

In the export market, export rice prices remained stable at 508 USD/ton for 5% broken rice; 25% broken rice at 488 USD/ton and Jasmine rice was stable at 578 USD/ton.

According to businesses, in June 2023, domestic rice prices adjusted up slightly at the end of the month. Rice prices remained high.

It is forecasted that in the last months of the year and into 2024, the demand for rice consumption and import in many countries will continue to increase. To take advantage of the opportunity to increase exports to this market, businesses need to continue to closely follow market developments related to rice trade, and actively coordinate with relevant government agencies, ministries, branches and associations to promptly remove difficulties and obstacles arising in trading activities and participate in activities to promote rice exports.