World USD exchange rate increases sharply; Durian price in the Central Highlands region reaches record high

VCB USD price slightly decreased, world USD exchange rate increased strongly

Today, September 6, the USD/VND exchange rate, the black market USD price, and the VCB USD price decreased slightly. Meanwhile, the world USD exchange rate increased sharply to a 6-month high.

The central USD/VND exchange rate announced by the State Bank is 23,959 VND/USD, down 18 VND compared to the listed rate on September 5.

Currently, the USD exchange rate that commercial banks are allowed to trade is from 23,400 - 25,106 VND/USD. The selling exchange rate is also adjusted by the State Bank of Vietnam to the buying and selling range of 23,400 - 25,106 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of downward adjustments at banks. Specifically, Vietcombank reduced the buying price by 75 VND to 23,900 VND and the selling price to 24,240 VND. The buying and selling prices of USD are currently in the range of 23,400 - 25,300 VND/USD.

Gold price increased at the beginning of the week

Today, the price of 9999 gold, SJC, 24K, PNJ, DOJI increased in the first session of the week. Meanwhile, world gold fell to the lowest level of the past week.

At the time of survey at 5:30 a.m. today (September 6), the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 67.65 million VND/tael for buying and 68.40 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, the price of Mi Hong gold at the time of survey listed the price of SJC gold at 67.80 - 68.10 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 67.77 - 68.33 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 67.77 - 68.53 million VND/tael (buy - sell).

Domestic coffee prices continue to remain stable

At 5:30 a.m. (September 6), domestic coffee prices continued to remain stable, at a fairly high level, averaging 66,300 VND/kg, the highest in Dak Nong province at 66,700 VND/kg.

Specifically, coffee prices in Gia Lai and Kon Tum provinces stood at VND66,100/kg. In Dak Nong province, coffee was purchased at the highest price of VND66,700/kg.

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 65,800 VND/kg.

In Cu M'gar district, Dak Lak province, coffee price is currently at 66,500 VND/kg. In Ea H'leo district, Buon Ho town, it is purchased at the same price of 66,400 VND/kg.

Coffee prices on the world market at 9:00 p.m. on September 5 (Vietnam time) all decreased; compared to the most recent trading session, the price of Robusta coffee in London fluctuated at 2,269 - 2,481 USD/ton. Specifically, the price of Robusta coffee futures contracts for delivery in November 2023 on the London floor turned down by 1.73%, equivalent to 43 USD/ton, trading at 2,440 USD/ton.

Meanwhile, at the same time, the price of Arabica coffee on the New York floor for delivery in December 2023 was 149.80 US cents/lb, down 1.38% or 2.1 US cents/lb compared to the end of the previous session.

Durian prices in the Central Highlands region hit record high

According to records in the Southwest, Southeast, and Central Highlands regions, beautiful Ri6 durian is currently priced at about 55,000 - 59,000 VND/kg; Ri6 durian in buckets is priced at about 45,000 - 52,000 VND/kg.

The price of beautiful Thai durian decreased by 5,000 VND/kg and dropped to 80,000 - 85,000 VND/kg. At the same time, the price of Thai durian bought in bulk also decreased by 5,000 VND/kg, currently being purchased by traders at 70,000 - 78,000 VND/kg. This is also the price of Thai durian (two beautiful types, selected and bought in bulk) recorded in the Southeast and Central Highlands provinces.

Meanwhile, in Dak Lak, durian harvest season has begun. Durian traders and brokers spread out to all gardens to close deals at high prices. According to gardeners, Ri6 products have increased to 60,000 - 62,000 VND/kg at times, while Thai products cost 90,000 VND/kg.

In Dak Nong, some areas have entered the end of the harvest season but prices are still increasing. Currently, the price of Thai durian has "jumped" to 90,000 - 100,000 VND/kg depending on the type.

Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, informed that the price of durian in the Central Highlands region has increased to a record high. The reason is that, currently, only our country still has durian to harvest, other countries such as Thailand and Malaysia have finished their durian season. This is the advantage of Vietnamese durian when officially exporting to the Chinese market. Other countries only have a certain durian season in the year, while in Vietnam, the durian season is spread out, allowing harvests throughout the year.

According to the General Department of Customs, in the first 8 months of 2023, durian exports earned nearly 1.3 billion USD, leading the export turnover of fruits and vegetables, with the potential to bring in 1.6 - 1.7 billion USD this year. If by 2024, Vietnamese durian has more growing area codes granted by Chinese authorities, the potential for durian exports to reach 2 - 2.5 billion USD.