Gasoline prices will be applied at new levels this afternoon (July 11); Domestic coffee prices remain high

Gasoline price today July 11: Domestic price likely to increase, world price to decrease

Today's gasoline prices (July 11) on the world market continued to decline since the beginning of the week. Meanwhile, domestic gasoline prices are expected to increase slightly in the adjustment period this afternoon. In the domestic market, the selling prices of gasoline and oil this afternoon (July 11) will be applied according to the new price.

According to leaders of some petroleum enterprises, due to the recent upward trend in world crude oil prices, domestic retail gasoline prices at this afternoon's adjustment period are likely to increase slightly.

If the management agency does not influence the Petroleum Price Stabilization Fund, gasoline prices may increase by 100-200 VND/liter. Oil prices may increase by 200-300 VND/liter. In case the Ministry of Industry and Trade and the Ministry of Finance jointly draw from the Petroleum Price Stabilization Fund, retail gasoline prices may increase more sharply.

In the world market, gasoline prices today (July 11) continued to decline from the first trading session of the week (July 10).

On July 10, world oil prices broke the upward trend of last week, despite many supporting factors. According to data from Oilprice, at 9:24 a.m. on July 10 (Vietnam time), Brent crude oil was trading at $78.29/barrel, down $0.18, or 0.23%, from the previous session. WTI crude oil was at $73.61/barrel, down $0.25, or 0.34%, from the previous session.

Oil prices turned down as investors were cautious ahead of new economic data from the US and China this week, analysts said.

Domestic coffee prices remain high

Domestic coffee prices today, July 11, in the Central Highlands provinces continue to remain high, approaching the 67,000 VND/kg mark. Currently, coffee prices fluctuate at 66,300 - 66,800 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 66,200 - 66,300 VND/kg.

In Dak Nong province, the highest coffee purchase price is 66,800 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, the price is also 66,700 VND/kg.

Summer-Autumn rice price increased by 100 VND/kg

Rice prices today, July 11, in the domestic market fluctuated in different directions among rice varieties. The rice market was stable.

Accordingly, at An Giang warehouse, the price of IR 504 rice and sticky rice has been adjusted up. Specifically, An Giang sticky rice (fresh) is being purchased by traders at 5,800 - 6,000 VND/kg, an increase of 100 VND/kg. IR 504 rice has also been adjusted up 100 VND/kg to 6,500 - 6,700 VND/kg.

For the remaining rice varieties, prices remained stable. Accordingly, OM 5451 rice fluctuated at 6,400 - 6,600 VND/kg; OM 18 rice was priced at 6,600 - 6,800 VND/kg; Nang Hoa 9 was priced at 6,600 - 6,800 VND/kg; Nhat rice was also stable at 7,800 - 8,000 VND/kg; Nang Nhen rice (dry) was priced at 13,000 VND/kg.

For sticky rice, Long An sticky rice (fresh) fluctuates between 6,300 - 6,400 VND/kg; dry sticky rice is at 7,400 - 7,600 VND/kg; Long An sticky rice (dry) is priced at 7,700 - 7,900 VND/kg.

Regarding rice, the price of raw rice and finished rice products has been adjusted down. Specifically, the price of IR 504 raw rice is being purchased at 10,100 VND/kg, down 50 VND/kg; the price of finished rice is at 11,500 - 11,550 VND/kg, down 50 VND/kg.

According to traders, today the amount of rice imported is more than last week, the price of raw rice has decreased slightly, warehouses are buying evenly. The price of white rice is stable, the price of sticky rice has increased slightly, the supply is low. In general, the rice market transactions at the beginning of the week are slow.

Forecasting the rice export situation, Mr. Do Ha Nam, Vice President of the Vietnam Food Association, said that currently, the world's rice supply is scarce while the demand from all markets is very high. It is estimated that customer demand for Vietnamese rice will increase by at least 1 million tons in 2023, compared to the average of previous years. Therefore, the market situation from now until the end of the year is still very positive.

Bac Giang lychee is officially exported to Thailand

The Mall Group has just introduced a batch of lychees to Thai consumers at 7 of the group's shopping centers.

At Gourmet Market - the leading supermarket specializing in selling food, foodstuffs and household goods in Thailand of The Mall Group, the first batch of fresh Bac Giang lychees has been sold at this supermarket.

Each box of lychee weighs 1kg and costs 299 Baht, equivalent to more than 200,000 VND. The lychee boxes are also labeled with QR codes to help customers easily trace the origin and source using mobile devices.

"Vietnamese lychees taste better than those from Thailand and China. The lychees have beautiful colors, small seeds, juicy flesh, and are very fragrant and sweet. This is the first time we have sold Vietnamese lychees at 7 Mall Group stores in Bangkok and will expand to all branches next year. Also next year, in addition to lychees, we will import Vietnamese mangoes into Thailand," said the CEO of Ekthai Company.

The Vietnam Trade Office in Thailand said that although this is not the first time Vietnamese lychees have appeared in the Thai market, this is the first time Vietnamese lychees have appeared simultaneously in the country's 7 largest shopping mall systems. This shows that Vietnamese lychees have a lot of potential in the Thai market.

Mr. Nguyen Thanh Huy - Representative of the Vietnam Trade Office in Thailand said: "In addition to market-related issues, the trade office in Thailand also focuses on seasonal factors - a factor known as the key to success in promoting the export of agricultural products. When at the beginning of July, the lychee output of Thailand as well as China imported into Thailand decreased, it was a great opportunity to bring Vietnamese lychee into the Thai market."

Thailand spends more than $1 billion a year importing fresh fruit and $600 million on vegetables. Currently, the country only allows the import of four types of fruit from Vietnam: dragon fruit, mango, longan and lychee.