Agroforestry commodities’ price, August 31: Rice moves sideways, coffee goes up to VND 40,200 per kilogram

Forestry and agricultural commodity prices today, August 31, increase in the world coffee market, keep unchanged in the world pepper market, and change oppositely in the world rubber market.

Coffee prices

In the world market, coffee prices today, August 31, increase in two large exchanges.

After the latest session, the Robusta coffee futures price in ICE Futures Europe (London) exchange for November 2021 contracts is up by US$ 24 per ton at US$ 2,018 per ton and up by US$ 26 per ton at US$ 1,983 per ton for January 2022 contracts.

Likewise, the Arabica coffee futures price in ICE Futures US (New York) for December 2021 contracts is up by Cent 6.85 per pound at Cent 199.05 per pound and up by Cent 6.85 per pound at Cent 201.6 per pound for March 2022 contracts.

Coffee prices on both futures exchanges continued their gains throughout the week on concerns that a drought in the Brazilian hedge will drag down next year's crop output. While the damage caused by winter frosts has not been quantized, it is estimated to decrease by 6 to 10 million bags.

In the domestic market, coffee prices today, August 31, reach VND 40,200 per kilogram, increasing by VND 100.

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 40,000-40,200 per kilogram, increasing by VND 100.

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

Pepper prices

In the world market, pepper prices today, August 31, 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 have no change in most provinces compared to yesterday.

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

In Dong Nai province, the pepper price is VND 74,500 per kilogram and VND 75,000 in Gia Lai province.

The pepper price in Ba Ria-Vung Tau province keeps at the highest of VND 78,000.

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

Rubber prices

Rubber prices on the Asian floor dropped sharply due to the impact of the Covid-19 epidemic. Although the transportation situation has not shown any improvement, the shortage of empty containers will continue.

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, up by JPY 1 at JPY 194.0 per kilogram for September 2021 contracts, and down by JPY 0.7 at JPY 198.3 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 50 at CNY 12,900 per ton for September 2021 contracts, and down by CNY 45 at CNY 12,950 per ton for October 2021 contracts.

In addition, high freight rates are forecasted to last until 2022, affecting rubber imports and exports of countries.

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 the context of the complicated development of the Covid-19 epidemic, provinces in the Mekong Delta have created conditions to ensure disease prevention and the harvest of the summer-autumn rice crop.

Mr. Huynh Quang Duc, Deputy Director of the Department of Agriculture and Rural Development of Ben Tre province, said that in the summer-autumn rice crop, the province sowed 10,300 hectares, concentrated in Giong Tom and Ba Tri districts.   

In An Giang province, rice prices today, August 31, simultaneously 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 31, move sideways in the rice, rubber and pepper market, increase slightly in the coffee market.