Agroforestry commodities’ price, August 29: Pepper decreases but coffee increases during the week

Forestry and agricultural commodity prices today, August 29, keep unchanged in the world pepper, rubber and coffee market compared to yesterday after the closing session.

Coffee prices

In the world market, coffee prices today, August 29, keep high in two large exchanges.

After the latest session, the Robusta coffee futures price in ICE Futures Europe (London) exchange for September 2021 contracts is up by US$ 25 per ton at US$ 2,012 per ton and up by US$ 24 per ton at US$ 2,018 per ton for November 2021 contracts.

Likewise, the Arabica coffee futures price in ICE Futures US (New York) for September 2021 contracts is up by Cent 3.85 per pound at Cent 189.5 per pound and up by Cent 4.2 per pound at Cent 192.2 per pound for December 2021 contracts.

As a result, The Robusta price increased by US$ 136 per tonne, at the highest level since the beginning of September 2017. Likewise, the Arabica prices rose Cent 10.7 per pound, which is the highest during the last month.

In the domestic market, coffee prices today, August 29, keep stable compared to yesterday. In comparison to last weekend, coffee prices increased sharply by VND 1,700-2,000 in most key provinces and reached the highest of VND 40,100 per kilogram.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province is VND 39,100 per kilogram.

In Dak Lak province, coffee prices are VND 40,000-40,100 per kilogram.

In Dak Nong, Gia Lai and Kon Tum provinces, coffee is purchased at VND 39,900-40,000 per kilogram.

Pepper prices

According to the Vietnam Pepper Association, the US and the EU are two of Vietnam's three largest consumption markets. Still, recently, there have been increases sharply in freight rates for shipping to these markets, about US$ 1,500-2,000 for a container, leading to many difficulties in pepper export in the upcoming time.

In the world market, pepper prices today, August 29, at Kochi exchange (India), keep unchanged compared to the latest session, at INR 41,300 per quintal.

The cross rate of Vietnam Dong to Indian Rupee (INR) from August 26 to September 1, 2021, applied by the State Bank for export and import tax calculation, is VND 312.08/INR.

In the domestic market, pepper prices continue to decrease in most provinces compared to yesterday but decreased by VND 500-1,000 compared to last weekend.

Specifically, the pepper price in Dak Lak and Dak Nong provinces is at VND 76,000 per kilogram, decreasing by VND 500.

In Dong Nai province, the pepper price is VND 74,500 per kilogram, decreasing by VND 500 but keeps at VND 75,000 in Gia Lai province.

The pepper price in Ba Ria-Vung Tau province keeps at the highest of VND 78,500, after a VND 500.

The pepper price in Binh Phuoc province keeps at VND 77,000 per kilogram, decreasing by VND 500.

Rubber prices

According to statistics of the General Department of Vietnam Customs, in the first 15 days of August 2021, Vietnam's rubber exports reached 87,340 tonnes, worth US$ 143.1 million, down 12.3% in volume and 13.2% in value compared to the last 15 days of July 2021.

In the world market, rubber prices went to the bottom in exchanges in the last month.

In Tokyo Commodity Exchange (TOCOM), the futures rubber price for August 2021 contracts is JPY 203.1 per kilogram, down by JPY 9.4 at JPY 194.0 per kilogram for September 2021 contracts, and down by JPY 8.2 at JPY 199.0 per kilogram for October 2021 contracts.

In Shanghai Commodity Futures Exchange (SHFE), the futures rubber price for August 2021 contracts is CNY 13,250 per ton, down by CNY 30 at CNY 12,920 per ton for September 2021 contracts, and down by CNY 40 at CNY 12,955 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 320-327 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

In An Giang province, rice prices today, August 29, move sideways in most types compared to yesterday.

Specifically, the sticky paddy price is VND 4,300-4,400 per kilogram.

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

The fresh OM 18 paddy price is VND 5,550-5,800 VND per kilogram.

The fresh IR 50404 paddy price is VND 4,700-5,000 VND per kilogram.

The fresh OM 9582 paddy price is VND 4,800-4,900 per kilogram.

The fresh OM 6976 paddy price is VND 5,000-5,200 per kilogram.

The fresh Japanese paddy price is VND 7,500-7,600 per kilogram.

The fresh 8 fragrant paddy is VND 5,500-5,800 per kilogram.

In summary, domestic forestry and agricultural commodity prices today, August 29, move sideways compared to yesterday, excluding pepper prices decrease by VND 500. Compared to last weekend, coffee prices increased by VND 1,700-2,000 per kilogram, while pepper prices decreased by VND 500-1,000.