The market is bustling, summer-autumn rice prices remain high; Musang King durian prices drop by more than half

* Market is bustling, summer-autumn rice prices remain high

Rice prices today (June 3) in the Mekong Delta remain stable. The summer-autumn rice market is stable, rice prices fluctuate slightly in some areas.

Accordingly, in An Giang, OM 18 rice is purchased by traders at 6,800 VND/kg; OM 5451 rice is priced at 6,300 - 6,500 VND/kg. IR 50404 rice is priced at 6,200 - 6,400 VND/kg. Nang Hoa 9 rice is purchased by traders at 6,600 - 6,800 VND/kg. Dai Thom 8 rice is priced at 6,800 - 7,000 VND/kg. Nhat rice is priced at 7,800 - 8,000 VND/kg. Nang Nhen rice (dry) is priced at 13,000 VND/kg.

According to traders, today the amount of raw rice imported is low. Summer-autumn rice transactions are stable, rice prices fluctuate slightly in some areas.

Similarly, the price of glutinous rice is stable. Accordingly, AG glutinous rice (fresh) is priced at VND6,200/kg. AG glutinous rice (dried) is priced at VND8,200 - 8,400/kg. Long An glutinous rice (dried) is priced at VND8,600 - 8,800/kg.

Regarding rice, raw rice prices tend to remain stable while finished rice prices are adjusted down by VND50/kg. Specifically, the price of IR 504 summer-autumn raw rice fluctuates around VND9,450 - 9,650/kg; IR 504 finished rice is VND10,800 - 10,900/kg, down VND500/kg.

For by-products, the price of broken rice remains stable at 9,400 - 9,500 VND/kg; dry bran 7,400 - 7,550 VND/kg.

In the export market, the export price of 5% broken rice from Vietnam is being offered at 498 USD/ton; 25% broken rice is at 483 USD/ton. At this price, Vietnamese rice is currently 5-18 USD/ton higher than the same type of rice from Thailand.

* Musang King durian price drops by more than half

In mid-March, durian, considered "the best in the world" (the unpeeled type), grown in Vietnam, cost 700,000 VND per kilogram, but now it's only 300,000 VND.

On the Musang King durian trading forum, shop owners compete to sell this fruit at prices advertised as "unprecedentedly cheap": 200,000-300,000 VND/kg (whole fruit), and durian pulp costs 700,000-750,000 VND.

Two years ago, Musang King had to be ordered for a whole week to sell. This year, when the crop is in full swing, the supply in the Western provinces is abundant. Currently, the selling price of Musang King at the farm fluctuates between 130,000-150,000 VND/kg.

Musang King durian at the garden in Can Tho.

A durian dealer in Can Tho said that compared to mid-March, durian prices have decreased by about 50-70%, depending on the type, mainly due to abundant supply.

Durian varieties in the West are in full harvest, including Musang King. In addition, China has reduced its purchases, causing a flood of goods to the markets, pushing the price of all types of durian to a low level, making it difficult for Musang King to compete. Currently, Musang King is only equal to the price of grade A organic Ri6 durian sold on the market.

Musang King originated from Malaysia, has been tested and produced fruit by people in the Central Highlands and Mekong Delta for three years now. They are being sold in many fruit stores in Ho Chi Minh City, Can Tho, and Hanoi. Compared to previous years, this year Musang King output has increased 3-5 times.

This fruit is oval, not too big, weighing 2-4 kg. The skin is dark green and has very large thorns. This variety is characterized by a groove between the stem and the body of the fruit. The bottom of the fruit clearly shows 5 large and thick segments.

* Mixed increase and decrease, SJC gold reaches 67.05 million VND

Gold price today (June 3), domestic gold price increased, with JSC gold price currently at 67.05 million VND/tael (selling). Meanwhile, world gold price turned to decrease, currently at 1948 USD.

At the time of survey at 5:00 a.m. on June 3, on the trading floor of Saigon Jewelry Company SJC, SJC gold was 66.45 million VND/tael for buying and 67.05 million VND/tael for selling.

JSC gold price is currently at 67.05 million VND/tael.

At Phu Quy Jewelry Company, at the time of survey, the listed price of SJC gold was at 66.45 - 67.05 million VND/tael (buy - sell).

DOJI listed the price of 9999 gold at 66.40 million VND/tael for buying and 67.00 million VND/tael for selling.

Vietinbank Gold price is listed at 66.45 million VND/tael for buying and 67.07 million VND/tael for selling.

The price of SJC gold at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 66.47 - 67.03 million VND/tael (buy - sell). The price of 24K Rong Thang Long gold of Bao Tin Minh Chau is listed at 55.58 - 56.48 million VND/tael in two directions.

* USD surges again

USD exchange rate today (June 3), USD exchange rate in the world and in the country increased simultaneously.

The State Bank of Vietnam announced the central exchange rate with the US Dollar at 23,722 VND.

Yesterday's USD exchange rate developments showed that the Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stopped at 104.041 points with an increase of 0.46% at the close of the session on June 2.

Exchange rate fluctuations are affecting import-export businesses. Photo: Viet Phuong

The US dollar bounced back at the close of the session, after the May non-farm payrolls report showed a strong increase in jobs, while traders weighed the possibility that the US Federal Reserve could skip a rate hike in June.

The report showed public and private payrolls rose by 339,000 in May, far exceeding the median forecast of 190,000 from economists polled by Reuters. That was a jump from April's gain of 253,000. However, the unemployment rate rose to 3.7%.

Earlier on Thursday, the dollar index fell 0.62%, its worst day in nearly a month, after Fed officials signaled that the central bank could abandon a rate hike this month. Cryptocurrency markets are pricing in a 29% chance of the dollar rising in June, down from nearly 70% at the start of the week.