Agroforestry commodities’ price, September 8: Coffee moves sideways, while pepper continues to increase

Forestry and agricultural commodity prices today, September 8, keep unchanged in the world pepper market, change oppositely in the world rubber market and increase in the world coffee market.

Coffee prices

In the world market, coffee prices today, September 8, increase slightly 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$ 20 per ton at US$ 2,102 per ton and up by US$ 28 per ton at US$ 2,069 per ton for January 2022 contracts.

The Arabica coffee futures price in ICE Futures US (New York) for December 2021 contracts is up by Cent 0.95 to Cent 193.95 per pound and up by Cent 0.85 to Cent 196.65 per pound for March 2022 contracts.

Robusta coffee prices have increased continuously for the past 4 weeks due to fears of an outbreak of the Covid-19 disease in Robusta producing countries in Southeast Asia, causing exports to stall due to social distancing. Sea freight rates are also extremely high, so most exporters are not interested in delivering at this time.

In the domestic market, coffee prices today, September 8, also move sideways compared to yesterday.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province is VND 39,400 per kilogram.

In Dak Lak province, coffee prices are VND 40,200-40,300 per kilogram.

In Dak Nong, Gia Lai and Kon Tum provinces, coffee is purchased at VND 40,100-40,200 per kilogram.

Pepper prices

In the world market, pepper prices today, September 8, 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.

In the domestic market, pepper prices continue to increase by VND 500-1,000 per kilogram in most provinces compared to yesterday.

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

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

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

The pepper price in Ba Ria-Vung Tau province is at the highest of VND 79,500 per kilogram, increasing by VND 1,000.

The pepper price in Binh Phuoc province is VND 78,000 per kilogram, increasing by VND 500.

Rubber prices

In the world market, rubber prices change oppositely in exchanges compared to the last session.

In Tokyo Commodity Exchange (TOCOM), the futures rubber price for September 8021 contracts is down by JPY 1.7 at JPY 193.5 per kilogram, down by 1.1 JPY at JPY 198.4 per kilogram for October 2021 contracts, and down by JPY 2.5 at JPY 201.7 per kilogram for November 2021 contracts.

In Shanghai Commodity Futures Exchange (SHFE), the futures rubber price for September 8021 contracts is up by CNY 175 at CNY 12,975 per ton, up by CNY 150 at CNY 12,985 per ton for October 2021 contracts, and up by CNY 125 at CNY 12,975 per ton for November 2021 contracts.

According to the Import-Export Department (Ministry of Industry and Trade), In August 2021, Vietnam's rubber exports reached about 200,000 tons, worth US$ 328 million, down 2.2% in volume and 3% in value compared to July 2021. Compared with August 2020, it decreased by 10.3% in volume but increased by 19.6% in value. The average export price was at US$ 1,640 per ton, down 0.8% compared to July 2021, but up 33.2% compared to August 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

Rice prices in the Mekong Delta today tend to increase for some rice varieties. After the holiday, rice purchases increased, rice trading was active again. According to the Vietnam Food Association, in the past week, the price of rice in some localities has increased by an average of VND 170 per kilogram.

In An Giang province, rice prices today, September 8, are pretty stable in most varieties compared to yesterday, excluding OM 18 variety.

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

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

The OM 5451 paddy price is VND 5,200-5,400 per kilogram.

The fresh OM 18 paddy price is VND 5,600-5,800 VND per kilogram, increasing by VND 50.

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 8, are pretty stable in the coffee, rice, and rubber market but increase in the pepper market.