Agroforestry commodities’ price, August 8: Coffee decreases but pepper increases in the domestic market

Forestry and agricultural commodity prices today, August 8, are oppositely adjusted in the world rubber market, increase in the world pepper and move sideways in the world coffee market.

Coffee prices

In the world market, coffee prices today, August 8, move sideways in two large exchanges compared to yesterday.

After the latest session, the Robusta coffee futures price in ICE Futures Europe (London) exchange for September 2021 contracts decreases by US$ 21 per ton at US$ 1,743 per ton and decreases by US$ 28 per ton at US$ 1,754 per ton for November 2021 contracts.

Likewise, the Arabica coffee futures price in ICE Futures US (New York) for September 2021 contracts decreases by Cent 0.9 per pound at Cent 176.0 per pound and decreases by Cent 0.85 per pound at Cent 179.05 per pound for December 2021 contracts.

As a result, for this week, the Robusta coffee price in the London exchange delivered in September 2021 decreases by US$ 43 per ton and decreases by US$ 47 per ton for November delivery. The Arabica coffee price delivered in September 2021 decreases by Cent 3.55 per pound and decreases by Cent 3.4 per pound for December delivery.

In the domestic market, coffee prices today, August 8, continue to decrease slightly by VND 100 in most key provinces compared to yesterday morning, in the range of VND 35,600-36,500 per kilogram.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province are the same at VND 35,600 per kilogram.

In Dak Lak province, coffee prices are up to VND 36,400-36,500 per kilogram.

In Dak Nong, Gia Lai and Kon Tum provinces, coffee is purchased at VND 36,300-36,400 per kilogram.

Pepper prices

In the world market, pepper prices today, August 8, at Kochi exchange (India), increase slightly compared to the latest session, at INR 41,375 per quintal.

In the domestic market, pepper prices continue to increase in most key provinces compared to yesterday morning, in the range of VND 73,000-76,500 per kilogram.

Specifically, the pepper price in Dak Lak and Dak Nong provinces is at VND 75,000, a VND 1,000 increase compared to yesterday.

In Dong Nai province, the pepper price keeps the highest at VND 73,000 per kilogram.

After a VND 1,000 increase, the pepper price is VND 74,000 per kilogram in Gia Lai province.

The pepper in Ba Ria-Vung Tau and Binh Phuoc provinces is purchased at the highest of VND 76,500 and VND 75,500 per kilogram, after a VND 500 increase.

As forecasted, with the current scarcity, pepper prices can reach VND 80,000 per kilogram this month.

Rubber prices

In the world market, rubber prices are oppositely adjusted in commodity exchanges compared to the latest session.

In Tokyo Commodity Exchange (TOCOM), the futures rubber price for August 2021 contracts is down by JPY 0.4 at JPY 209.9 per kilogram, but up by JPY 0.8 at JPY 212.7 per kilogram for September 2021 contracts, and up by JPY 0.9 at JPY 216.9 per kilogram for October 2021 contracts.

In Shanghai Commodity Futures Exchange (SHFE), the futures rubber price for August 82021 contracts keeps at CNY 13,328 per ton, up by CNY 150 at CNY 13,700 per ton for September 2021 contracts, and up by CNY 175 at CNY 13,795 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 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 8, in the Mekong Delta provinces move sideways after a decrease continuously during the week. Currently, some localities are actively offering solutions to solve difficulties for rice consumption.

Most fresh rice has stable prices compared to yesterday.

Specifically, the fresh sticky rice price is VND 4,300-4,500 per kilogram.

The fresh OM 5451 rice price is VND 4,800-5,100 per kilogram.

The fresh OM 18 rice price is VND 5,700-6,000 VND per kilogram.

The fresh IR50404 rice price is VND 4,400-4,800 VND per kilogram.

The fresh OM 9582 rice price is VND 4,600-4,700 per kilogram

The fresh OM 6976 rice price is VND 5,100-5,200 per kilogram.

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

The fresh 8 fragrant rice is VND 5,700-6,000 per kilogram.

Currently, traders have started buying rice. This is a good sign for farmers after many consecutive weeks of output congestion due to the prolonged social distance.

In summary, forestry and agricultural commodity prices today, August 8, decrease slightly in the domestic coffee market, stable in the domestic rice and rubber market, and increase in the domestic pepper market.