Agroforestry commodities' price, August 5: Pepper, coffee, rice increase, and rubber fluctuates

Forestry and agricultural commodity prices today, August 5, are oppositely adjusted in the world coffee and rubber market and continue to decrease in the world pepper market.

Coffee prices

In the world market, coffee prices today, August 5, fluctuate oppositely in two large exchanges compared to yesterday.

The Robusta coffee futures price in ICE Futures Europe (London) exchange for September 2021 contracts decreases by US$ 2 per ton at US$ 1,770 per ton and keeps at US$ 1,787 per ton for November 2021 contracts.

In contrast, the Arabica coffee futures price in ICE Futures US (New York) for September 2021 contracts increases by Cent 1.25 per pound at Cent 176.1 per pound and increases by Cent 1.3 per pound at Cent 179.15 per pound for December 2021 contracts.

The Arabica coffee price has continued to increase as Brazil's export coffee output reached 2.36 million bags of coffee beans in July 2021, down 14.83% over the same period last year.

In the domestic market, coffee prices today, August 5, increase slightly by VND 100-200 in some key provinces compared to yesterday morning, in the range of VND 36,100-37,000 per kilogram.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province are the same at VND 36,100 per kilogram.

In Dak Lak province, coffee prices are up to VND 36,900-37,000 per kilogram.

In Dak Nong, Gia Lai and Kon Tum provinces, coffee is purchased at VND 36,800-36,900 per kilogram.

Pepper prices

In the world market, pepper prices today, August 5, at Kochi exchange (India), continue to decrease slightly by INR 33.35 compared to yesterday, at INR 41,366.65 per quintal.

In the domestic market, pepper prices today, August 5, increase by VND 500 to yesterday morning, in the range of VND 72,500-75,500 per kilogram.

Specifically, the pepper price in Dak Lak, Dong Nai and Dak Nong provinces is at VND 73,500, and VND 72,500 per kilogram in Gia Lai province.

The pepper in Ba Ria-Vung Tau province is purchased at the highest of VND 75,000 per kilogram.

In Binh Phuoc province, the pepper price today is traded at VND 74,5000 per kilogram, after an increase by VND 500.

Rubber prices

In the world market, rubber prices are oppositely adjusted in commodity exchanges.

In Tokyo Commodity Exchange (TOCOM), the futures rubber price for August 2021 contracts is down by JPY 1.7 at JPY 210.3 per kilogram, but up by JPY 1.5 at JPY 214.5 per kilogram for September 2021 contracts, and down by JPY 1.3 at JPY 214.7 per kilogram for October 2021 contracts.

In Shanghai Commodity Futures Exchange (SHFE), the futures rubber price for August 2021 contracts is up by CNY 305 at CNY 13,585 per ton, up by CNY 90 at CNY 13,500 per ton for September 2021 contracts, and up by CNY 75 at CNY 13,555 per ton for October 2021 contracts.

The Association of Natural Rubber Producing Countries (ANRPC) forecasts that the Covid-19 pandemic breaking out in Southeast Asia will continue to affect the rubber industry in the short term.

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

Fresh rubber latex prices in Binh Phuoc province range from VND 300-315 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

Rice prices today, August 5, in the Mekong Delta provinces tend to increase slightly in some varieties compared to yesterday. The trading market continued to be quiet, and many businesses stopped buying rice.

In this context, the Ministry of Agriculture and Rural Development has just announced that it will consult the Government to implement a national rice purchasing and storage program to ensure food security, reduce market pressure and help stabilize the country's rice market.

Specifically, the fresh 8 fragrant rice price increases by VND 100, at VND 5,800-6,000 per kilogram.

The Japanese rice price is unchanged compared to yesterday, at VND 7,000-7,100 per kilogram.

The fresh OM 5451 rice price increases by VND 200, at VND 5,100-5,200 per kilogram.

The fresh OM 18 rice price increases by VND 100, at VND 5,700-5,800 VND per kilogram.

The fresh OM 9582 rice price is VND 5,200-5,300 per kilogram, stable compared to yesterday.

The fresh sticky rice price is VND 4,300-4,400 per kilogram.

The fresh OM 6976 rice price increases by VND 200, at VND 5,300-5,400 per kilogram.

In summary, forestry and agricultural commodity prices today, August 5, increase slightly in the domestic pepper, coffee and rice market, stable for the domestic rubber market.