Agroforestry commodities’ price, August 18: Rice suddenly drops

Forestry and agricultural commodity prices today, August 18, decrease in the world coffee market, move sideways in the world pepper market, and increase in the world rubber market.

Coffee prices

In the world market, coffee prices today, August 18, turn to decrease in two large exchanges.

After the latest session, the Robusta coffee futures price in ICE Futures Europe (London) exchange for September 2021 contracts is down by US$ 9 per ton at US$ 1,839 per ton and up by US$ 8 per ton at US$ 1,845 per ton for November 2021 contracts.

Likewise, the Arabica coffee futures price in ICE Futures US (New York) for September 2021 contracts is down by Cent 4.25 per pound at Cent 178.95 per pound and down by Cent 4.25 per pound at Cent 182.0 per pound for December 2021 contracts.

Coffee prices in two exchanges have dropped due to concerns that global coffee consumption would decrease because of the Covid-19 epidemic.

Conversely, in the domestic market, coffee prices today, August 18, go up by VND 100-400 in most key provinces compared to yesterday morning, in the range of VND 36,900-38,100 per kilogram.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province is VND 36,900 per kilogram, a VND 100 increase.

In Dak Lak province, coffee prices are VND 37,900-38,100 per kilogram, a VND 400 increase.

In Dak Nong, Gia Lai and Kon Tum provinces, coffee is purchased at VND 37,700-37,800 per kilogram, a VND 200 increase.

Pepper prices

In the world market, pepper prices today, August 18, at Kochi exchange (India), keep unchanged compared to the latest session, at INR 41,300 per quintal.

In the domestic market, pepper prices increase in key provinces, ranging from VND 76,500-79,500 per kilogram.

Specifically, the pepper price in Dak Lak and Dak Nong provinces is at VND 77,500, a VND 500 increase.

In Dong Nai province, the pepper price is VND 76,500 per kilogram, a VND 500 increase.

The pepper price in Gia Lai province is VND 76,500 per kilogram, a VND 500 increase.

After a VND 1,000 increase, the pepper price in Ba Ria-Vung Tau province keeps at the highest of VND 79,500, followed by the price at Binh Phuoc at VND 78,500 per kilogram.

According to the Import-Export Department, Ministry of Industry and Trade, in the first 6 months of 2021, Vietnam's black pepper exports to main markets decreased, such as China, India, Egypt, Germany, and Russia.

In contrast, the amount of black pepper exported to other markets increased, such as the US, the United Arab Emirates (UAE), France, Ireland, and Pakistan.

The average export price of black pepper in the first half of 2021 reached US$ 3,090 per tonne, up 55.7% over the same period in 2020.

Rubber prices

In the world market, rubber prices change oppositely in exchanges compared to the latest session.

In Tokyo Commodity Exchange (TOCOM), the futures rubber price for August 2021 contracts is up by JPY 2.5 at JPY 214.0 per kilogram, up by JPY 1.3 at JPY 215.6 per kilogram for September 2021 contracts, and up by JPY 1.2 at JPY 219.6 per kilogram for October 2021 contracts.

In Shanghai Commodity Futures Exchange (SHFE), the futures rubber price for August 2021 contracts is CNY 13,430 per ton, but up by CNY 70 at CNY 13,730 per ton for September 2021 contracts, and up by CNY 75 at CNY 13,825 per ton for October 2021 contracts.

In the domestic, rubber prices are stable compared to yesterday.

Fresh rubber latex prices in Binh Phuoc province range from VND 310-315 per TSC-DRC.

Phu Rieng Rubber One Member Limited Liability Company, Binh Phuoc province, publishes the fresh rubber latex price at VND 325 per TSC-DRC.

In Dak Lak province, the rubber latex price is VND 16,000-18,000 per kilogram, depending on the type.

Rice prices

According to the Ministry of Agriculture and Rural Development, as of August 12, in the Mekong Delta provinces, the total harvested area of rice was 780,000 hectares with a yield of 5.8 tonnes per hectare and an output of 4,524 million tonnes.

Difficulties in transporting rice due to social distancing according to Directive 16 are the main reason for the recent decline in rice prices.

In An Giang province, rice prices today, August 18, suddenly go down by VND 200 per kilogram in most types compared to yesterday.

Specifically, the sticky paddy price is VND 4,200-4,300 per kilogram.

The OM 5451 paddy price is VND 5,100-5,300 per kilogram, a VND 200 decrease.

The fresh OM 18 paddy price is VND 5,800-5,900 VND per kilogram, a VND 200 decrease.

The fresh IR 50404 paddy price is VND 4,600-4,800 VND per kilogram, a VND 200 decrease.

The fresh OM 9582 paddy price is VND 4,800-5,200 per kilogram, a VND 200 decrease.

The fresh OM 6976 paddy price is VND 5,100-5,300 per kilogram, unchanged compared to yesterday.

The fresh Japanese paddy price is VND 7,500-7,600 per kilogram, unchanged compared to yesterday.

The fresh 8 fragrant paddy is VND 5,700-5,800 per kilogram, a VND 200-300 decrease.

In summary, forestry and agricultural commodity prices today, August 18, increase in the domestic coffee, pepper and rice market, and move sideways in the domestic rubber market.