According to the Institute of Policy and Strategy for Agriculture and Rural Development, the price of rice in the Mekong Delta is generally stable, but there are a few varieties in some places that have slightly decreased. In Can Tho, Jamine rice is priced at 6,900 VND/kg, OM 4218 is priced at 6,600 VND/kg, and reduced by 100 VND/kg. Meanwhile, IR 50404 rice remained stable at 6,400 VND/kg. In Hau Giang, rice prices are stable with Dai Thom 8 rice at 7,500 VND/kg, OM5454 at 7,400 VND/kg.
In An Giang, according to the provincial Department of Agriculture and Rural Development, the local harvest has been completed, so there is no fresh rice left. The price of dry rice in the province last week remained stable. Specifically, the price of dry rice IR 50404 is 7,000 VND/kg, Nang Nhen is 11,500 - 12,000 VND/kg.
However, the price of some rice products in An Giang has increased slightly. The price of rice usually fluctuates from 11,500 to 12,500 VND/kg, up 500 VND/kg, while other types remain stable such as: Japanese rice is 17,000 VND/kg, sticky rice is from 14,000 to 15,000 VND/kg, Jasmine rice is 14,000 VND/kg. VND/kg, Huong Lai rice alone is VND 17,000/kg.
The Department of Agriculture and Rural Development of Dong Thap province informed that this year's local early summer-autumn rice has a high yield and higher price. The price of high-quality rice in the field is 6,650 VND/kg, ordinary rice is IR. 50404 at field price is 6,800 VND/kg, 600-1,000 VND/kg higher than the same period in 2020.
In the summer-autumn rice crop in 2021, Dong Thap province sowed 180,146 hectares, reaching 96.3% of the plan; in which, 25,000 ha is harvested earlier, the average yield is 6.86 tons/ha, an increase of nearly 1 ton compared to 2020.
In the Central region, many localities are actively planting summer-autumn rice. Although it has just entered the summer-autumn crop, many localities are worried about the risk of lack of water for irrigation. It is estimated that in Thua Thien - Hue province, there are more than 1,000 hectares of rice at risk of water shortage; especially in hilly areas, coastal sandy areas must be abandoned due to lack of initiative in irrigation water.
In Nghe An, in order to proactively ensure the source of water for irrigation, right from the beginning of the crop, the irrigation sector and local authorities have devised plans for efficient and economical use of water. The field pumping stations are being installed and maintained, and are ready to operate the anti-drought pump.
With the motto of sowing "as soon as possible", right after harvesting the winter-spring rice crop, Nghe An farmers quickly went to the fields to cultivate the summer-autumn crop 2021. Irrigation system also made efforts to provide adequate water for farmers to cultivate the land and plant crops in time.
In terms of coffee, the price of coffee in the Central Highlands region in the past week turned down slightly from 300-600 VND/kg. According to the Institute of Policy and Strategy for Agriculture and Rural Development, at the beginning of the week, the price of coffee in the area ranges from 33,800 to 34,700 VND/kg, but at the weekend it is from 33,200 to 34,400 VND/kg.
Specifically, the price of coffee on June 11 in Lam Dong is from 33,200 to 33,300 VND/kg, in Kon Tum 34,000 VND/kg. Especially in Dak Lak, coffee always has the highest price and ranges from 34,200 to 34,400 VND/kg.
According to the Department of Agricultural Product Processing and Market Development, coffee export volume in the first 5 months of 2021 reached 720 thousand tons, worth 1.3 billion USD, down 11.4% in volume and 5% in price. value compared with the same period in 2020. The average export price of coffee in the first 4 months of 2021 reached 1,804 USD/ton, up 7% over the same period in 2020. Germany, Italy and the United States are 3 coffee consuming markets. Vietnam's largest.
The Central Highlands coffee region has entered the rainy season this year, which will provide good support for coffee trees to develop a new crop with a slight increase in output. However, fertilizer prices in the domestic and international markets are expected to increase in the near future, which will be a challenge for coffee growers.
While the domestic agricultural product prices fluctuated, in the world market, the prices of agricultural products went down. Specifically, the prices of these commodities in the US market all went down in the last session of the week on June 11, led by soybeans.
Closing this session, the price of soybeans for July delivery fell 35.5 US cents (2.3%) to 15,085 USD/bushel; corn for July 2021 delivery fell 14.5 US cents (2.07%) to $6,845/bushel. Wheat for the same term fell 3 US cents (0.44%) to $6.8075/bushel (1 bushel of wheat/soybean = 27.2 kg; 1 bushel of corn = 25.4 kg).
U.S. soybean and corn futures fell slightly on concerns about demand for the renewable fuel feedstock following news that the White House was considering providing relief to fuel refineries.
The U.S. Environmental Protection Agency is weighing bailouts for refineries speeding up profit-taking pressure into the weekend, as weather forecasters say rain in some parts of the world, a Reuters report said. regions of the Midwest and North American plains will promote crop growth.
Pending the release of US corn and soybean acreage reports later this month, grain markets are affected by weather conditions in the US and South America, amid drought conditions. affected corn production in Brazil, while good weather in Argentina is supporting crops.
In the Asian rice market, the price of Thai rice exports increased this week due to high transportation costs, which prevented Vietnamese traders from signing new contracts.
Thailand's 5% broken rice price has increased from 455-484 USD/ton in the session on 10/6 compared to 457-468 USD/ton in the previous week; in which traders believe that transportation costs have increased, but demand is low.
A trader based in Bangkok said the rice market is quite quiet mainly due to freight costs and the scarcity of cargo ships. The recent strengthening of the baht against the US dollar is also the reason for the increase in rice prices.
Vietnam's 5% broken rice price has dropped to $480-485/ton from $485-490/ton last week.
A trader in Ho Chi Minh City said that although Vietnamese rice prices fell slightly, customers are looking for rice from Thai exporters because the country's rice prices are being offered lower. In addition, high transportation costs also affect the signing of new sales contracts.
Vietnam's rice exports in May 2021 fell 19.9% compared to April 2021 to 626,750 tons.
Meanwhile, the price of 5% broken parboiled rice from India, the top rice exporter, has dropped to $379-383/ton from $382-388/ton mainly due to the falling value of the rupee. .
Regarding the world coffee market, coffee prices went in the opposite direction in the session on June 12. Specifically, the price of Robusta coffee delivered in July 2021 in the London market increased by 0.44% (equivalent to 7 USD) to 1,592 USD/ton. The price of Arabica coffee delivered in July 2021 in New York decreased by 0.79% (equivalent to 1.25 US cents) to 157.45 US cents/lb (1lb = 0.4535kg).
The coffee futures market is in the "weather trading" phase, so the information about rainfall in key growing areas is strongly affecting coffee prices day by day.
Brazil's green coffee exports in May 2021 reached 3,169 million bags (60 kg), down from 3,595 million bags in the same month last year. Colombia's coffee exports in May 2021 also decreased by 52% to 427,000 bags due to the unstable situation in the country.
Source: Bich Hong - Minh Hang (TTXVN)