Durian exports increase dramatically; Rice prices continue to increase by 50 VND/kg

Durian exports increase dramatically

Trucks carrying durians are piling up at the border gate to be exported to China. Thanks to that, durian export turnover has increased dramatically by 573.1%, of which the Chinese market accounts for 84.5%.

According to information from the Ministry of Agriculture and Rural Development, in May 2023 alone, fruit and vegetable exports helped our country earn 600 million USD, an increase of 53.3% compared to April 2023 and a sudden increase of 137.7% compared to May 2022.

Durian is mainly exported to the Chinese market, accounting for 84.3% of the total export value of this fruit.

By the end of May 2023, the export value of fruits and vegetables is estimated at 1.97 billion USD, up 39% over the same period last year. Notably, while many agricultural export products have decreased sharply, the fruit and vegetable industry continues to record strong export growth, second only to rice.

According to the Import-Export Department (Ministry of Industry and Trade), most types of exported fruits and vegetables recorded good growth rates in the first 4 months of 2023.

Leading in export value is fruit, reaching 920.7 million USD, up 15.7% over the same period in 2022.

In the structure of main export fruit categories, only dragon fruit and banana recorded negative growth in the first 4 months of 2023. In contrast, other main export fruits recorded double-digit growth rates. In particular, the export value of durian reached 190.5 million USD, a sharp increase of 573.1% over the same period in 2022.

Durian is mainly exported to the Chinese market, accounting for 84.3% of the total export value of this fruit. Notably, the quantity of durian exported to China increased after the two countries signed an official export protocol.

At the end of May, the number of vehicles carrying goods to Huu Nghi international border gate increased dramatically because Vietnamese durian exports were in harvest season. However, this item can only be exported through the international border gate, causing congestion to recur. The Department of Industry and Trade of Lang Son province had to send an official dispatch to localities, businesses and traders doing business in exporting and importing goods through the province about the congestion of goods waiting to be exported through Huu Nghi international border gate and made recommendations.

Fruit and vegetable industry experts believe that durian export turnover in May will increase more strongly than in April 2023 and the same period last year. Because the West has just entered the main durian harvest season and the Central Highlands is also about to peak. Durian output is estimated to reach 650,000 tons in the second and third quarters of 2023.

In particular, Vietnamese durian has just received more good news when the Chinese Customs approved 47 more growing area codes and 18 packing facilities that meet export requirements. Accordingly, our country has 293 growing areas and 115 packing facilities of Vietnamese durian that have been granted official export codes by China to this market.

Rice prices continue to increase by 50 VND/kg

Rice prices today, June 6, in the Mekong Delta region have not fluctuated compared to yesterday.

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.

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.

Rice price increased by 50 VND/kg today.

Regarding rice, the price of raw rice increased by VND50/kg, while the price of finished rice tended to remain unchanged. Specifically, the price of raw rice IR 504 Summer-Autumn fluctuated around VND9,500 - 9,700/kg, an increase of VND50/kg; the price of finished rice IR 504 was VND10,800 - 10,900/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.

According to traders, today the amount of raw rice imported is small, the quality of rice is better. Summer-Autumn rice transactions are stable, rice prices fluctuate slightly in some areas. At the beginning of the week, sticky rice prices decreased slightly in some areas due to weak demand.

In the export market, the export price of 5% broken rice from Vietnam is being offered at 498 USD/ton. Meanwhile, the price of 25% broken rice decreased by 5 USD/ton to 478 USD/ton; Jasmine rice is 578 USD/ton. At this price, Vietnamese rice is currently 5-13 USD/ton higher than the same type of rice from Thailand.

Domestic coffee prices are above 61,000 VND/kg.

Coffee prices today, June 6, in the domestic market are stable compared to yesterday, currently fluctuating from 60,700 - 61,300 VND/kg, still maintaining a high level.

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 60,600 - 60,700 VND/kg.

Coffee prices in Gia Lai and Kon Tum provinces stood at 61,000 VND/kg.

In Dak Nong province, coffee is purchased at a high price of 61,300 VND/kg.

Today's coffee price in Dak Lak province in Cu M'gar district is currently at 61,100 VND/kg. In Ea H'leo district, Buon Ho town is purchased at the same price of 61,200 VND/kg.

Regarding world coffee prices, coffee prices on the two exchanges London (UK) and New York (USA) recorded green.

In the first 5 months of 2023, Vietnam's coffee exports are estimated at 882 thousand tons, worth 2.02 billion USD.

The Import-Export Department (Ministry of Industry and Trade) cited data from the General Department of Customs, saying that according to estimates, in May 2023, Vietnam's coffee exports reached 165 thousand tons, worth 396 million USD, up 0.9% in volume, but down 0.7% in value compared to April 2023, compared to May 2022, up 15.7% in volume and up 21.8% in value.

In the first 5 months of 2023, Vietnam's coffee exports are estimated at 882 thousand tons, worth 2.02 billion USD, down 2.2% in volume, but up 0.2% in value over the same period last year.

In May 2023, the average export price of Vietnamese coffee is estimated at 2,399 USD/ton, down 1.6% compared to April 2023, but up 5.3% compared to May 2022.

In the first 5 months of 2023, the average export price of coffee in our country is estimated at 2,295 USD/ton, an increase of 2.4% over the same period last year.

Regarding the structure of types in the first 4 months of 2023, Robusta and Arabica coffee exports decreased, but Excelsa and processed coffee exports increased compared to the same period last year.

Pepper price today June 6: Down 1,000 VND/kg

Pepper prices today, June 6, turned down by 1,000 VND/kg in key regions. Currently, domestic pepper prices fluctuate around 71,000 - 74,000 VND/kg.

Accordingly, in the Central Highlands region, pepper prices today fluctuate around 71,000 - 72,500 VND/kg. Specifically, in Gia Lai, pepper prices today are purchased by traders at 71,000 VND/kg, down 1,000 VND/kg. In Dak Lak and Dak Nong provinces, pepper prices today remain around 72,500 VND/kg, down 1,000 VND/kg.

Similarly, in the Southeast region, pepper prices today also decreased. In Ba Ria Vung Tau, pepper prices today are being purchased by traders at 74,000 VND/kg, down 1,000 VND/kg. In Binh Phuoc, pepper prices today are at 73,500 VND/kg, down 1,000 VND/kg; Dong Nai 72,500 VND/kg.

Pepper price today turned down 1,000 VND/kg.

After a flat session, pepper prices in the domestic market today sharply decreased by 1,000 VND/kg. After a series of hot days, domestic pepper prices have begun to enter a downward cycle. However, according to experts' forecasts, pepper prices this week have not fluctuated much. The market fluctuates in a narrow range as concerns about supply remain high.

In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 3,581 USD/ton; the price of Brazilian black pepper ASTA 570 at 3,350 USD/ton; the price of Kuching black pepper (Malaysia) ASTA remained at 4,900 USD/ton.

Muntok white pepper price is 6,091 USD/ton; Malaysian ASTA white pepper price remains at 7,300 USD/ton.

Vietnam black pepper price is traded at 3,500 USD/ton for 500 g/l, 3,600 USD/ton for 550 g/l; white pepper price is at 5,000 USD/ton.

Since the beginning of the year, domestic pepper prices have tended to increase, but export pepper prices have decreased sharply. According to data from the Ministry of Agriculture and Rural Development, in the first 5 months of the year, Vietnam exported 138,000 tons of pepper, equivalent to 414 million USD, up 38.4% in volume but down 9.9% in value compared to the same period in 2022.

Many pepper exporting enterprises believe that pressure from the rising USD and the Fed's interest rate adjustment has affected pepper import activities of many major markets.