Agroforestry commodities’ price, September 10: Rubber and rice go down, coffee and pepper move sideways

Forestry and agricultural commodity prices today, September 10, keep unchanged in the world pepper market and continue to decrease in the world coffee and rubber market.

Coffee prices

In the world market, coffee prices today, September 10, continue to decrease in two large exchanges.

After the latest session, the Robusta coffee futures price in ICE Futures Europe (London) exchange for November 2021 contracts is down by US$ 28 per ton at US$ 2,049 per ton and down by US$ 14 per ton at US$ 2,038 per ton for January 2022 contracts.

Likewise, the Arabica coffee futures price in ICE Futures US (New York) for December 2021 contracts is down by Cent 2.75 to Cent 187.45 per pound and down by Cent 2.7 to Cent 190.2 per pound for March 2022 contracts.

In the domestic market, coffee prices today, September 10, move sideways compared to yesterday.

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 39,900-40,000 per kilogram.

In Dak Nong, Gia Lai and Kon Tum provinces, coffee is purchased at VND 39,800-39,900 per kilogram.

Pepper prices

In the world market, pepper prices today, September 10, at Kochi exchange (India), keep unchanged compared to the latest session, at INR 41,300 per quintal. India is still temporarily suspending transactions due to no customers due to Covid-19.

According to the Import-Export Department (Ministry of Industry and Trade), in August 2021, Vietnam's average coffee export price was  US$1,971per ton, up 2.6% compared to July 2021 and up 7.1% compared to August 2020. Accumulated in the first 8 months of 2021, the average export coffee price was US$ 1,071 per ton, up 8.6% over the same period in 2020.

In the domestic market, pepper prices also move sideways in most provinces compared to yesterday.

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

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

In Dong Nai province, the pepper price is VND 75,500 per kilogram.

The pepper price in Ba Ria-Vung Tau province is at the highest of VND 79,500 per kilogram.

The pepper price in Binh Phuoc province is VND 78,000 per kilogram.

Rubber prices

In the world market, rubber prices keep the decrease in exchanges compared to the last session.

In Tokyo Commodity Exchange (TOCOM), the futures rubber price for September 2021 contracts is down by JPY 4.8 at JPY 188.7 per kilogram, down by 7.9 JPY at JPY 190.5 per kilogram for October 2021 contracts, and down by JPY 7.3 at JPY 194.4 per kilogram for November 2021 contracts.

In Shanghai Commodity Futures Exchange (SHFE), the futures rubber price for September 2021 contracts is CNY 12,975 per ton, at CNY 12,985 per ton for October 2021 contracts, and at CNY 12,975 per ton for November 2021 contracts.

According to the Chinese Customs Administration, in the first 7 months of 2021, China's rubber imports (code: HS 4001, 4002, 4003, 4005) reached US$7.03 billion, up 26.4% over the same period in 2020.

Vietnam is the second-largest rubber supplier to China, reaching US$1.07 billion, up 61.4% over the same period in 2020. Vietnam's rubber market share in China's total imports in the first 7 months of 2021 accounted for 15.3%, a sharp increase compared to 11.9% in the first 7 months of 2020.

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

Fresh rubber latex prices in Binh Phuoc province range from VND 315-320 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, September 10, keep unchanged in most varieties compared to yesterday, excluding the decrease slightly in the sticky paddy price.

Specifically, the sticky paddy price is VND 4,200-4,300 per kilogram, decreasing by VND 100.

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

The OM 5451 paddy price is VND 5,000-5,200 per kilogram.

The fresh OM 18 paddy price is VND 5,500-5,600 VND per kilogram.

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

The fresh 8 fragrant paddy is VND 5,600-5,800 per kilogram.

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

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

In summary, domestic forestry and agricultural commodity prices today, September 10, move sideways in the coffee, pepper and rubber market, and decrease in the rice market.