Export rice prices remain stable

In An Giang, according to the update of the Department of Agriculture and Rural Development of the province, the prices of most types of rice have not changed such as: OM 18 from 7,800 - 8,000 VND/kg, Nang Hoa 9 from 7,600 - 7,700 VND/kg, Japanese rice from 7,800 - 8,000 VND/kg, IR 50404 from 7,500 - 7,600 VND/kg, OM 5451 from 7,600 - 7,700 VND/kg, Dai Thom 8 from 7,8000 - 8,000 VND/kg...

Regarding rice products in the retail market in An Giang , regular rice costs from 15,000 - 16,000 VND/kg; long-grain fragrant rice from 19,000 - 20,000 VND/kg; Jasmine rice from 17,000 - 19,000 VND/kg; common white rice 17,000 VND/kg, Nang Hoa rice 19,500 VND/kg...

According to the Ministry of Agriculture and Rural Development , as of mid-May, provinces and cities in the Mekong Delta region had planted the 2024 Summer-Autumn crop on 982,000 hectares out of the planned 1.48 million hectares.

In the export market, Vietnam's 5% broken rice was offered at 585 - 590 USD/ton in the session on May 23, unchanged from a week earlier. A trader in Ho Chi Minh City said that Indonesia's demand for Vietnamese rice is quite large.

Meanwhile, export prices from India, the world’s top rice exporter, edged up this week, while Thai rice prices remained near a three-month peak, helped in part by firm demand from Indonesia.

India's 5% broken parboiled rice was offered at $536-$544 a tonne this week, up from $531-$539 a tonne last week.

A Mumbai-based trader said demand from African buyers has picked up slightly, as Indian rice prices are lower than other countries.

Meanwhile, Thailand’s 5% broken rice was offered at $630-$635 a tonne, down slightly from last week’s $632-$640. A trader said prices could fall after buyers turned away from Thai rice due to high prices, and that prices would fluctuate for a while as the market awaited new supplies.

Bangladesh's rice production has more than quadrupled in the past 50 years and there is no shortage of the staple food in the country, Agriculture Minister Abdus Shahid said. However, rice prices in Bangladesh remain high despite bumper harvests and ample stocks.

Regarding the world coffee market, coffee prices in the domestic and world markets increased sharply again on May 25. Robusta coffee prices on the London floor for delivery in July 2024 increased by 73 USD to 3,892 USD/ton and coffee prices for delivery in September 2024 increased by 67 USD to 3,806 USD/ton.

Meanwhile, on the New York floor, the price of Arabica coffee for delivery in July 2024 increased by 2.6 cents to 218.25 cents/lb and the price of coffee for delivery in September 2024 increased by 2.55 cents to 217.35 cents/lb (1 lb = 0.45 kg).

Coffee prices in the Vietnamese market increased by VND1,500, bringing this agricultural product to VND117,000/kg.

World coffee prices have rebounded sharply after a sharp decline in the previous session. After the strong fluctuations, the market will have a 3-day break before returning to trading next Tuesday. According to experts, this is probably the reason why the weekend session was so exciting.

Experts also said that rains in Brazil are causing supply concerns, while Vietnam's upcoming crop output is forecast to fall by up to 20%.

According to experts, this year the demand for coffee cultivation among farmers has increased sharply, after the price of this agricultural product increased sharply. However, experts advise farmers to pay attention to the law banning the import into the European Union (EU) of 7 groups of goods (including coffee) originating from deforestation, which will take effect at the end of 2024.

Source: https://doanhnghiepvn.vn/kinh-te/gia-gao-xuat-khau-duy-tri-on-dinh/20240526074348217