Vietnam prices stable due to African rice demand

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Vietnam has been contracted to sell around 100 000 tonnes of 25% broken rice to several African nations so far in June, helping to keep prices stable at the start of a harvest in the Mekong Delta, traders said on Wednesday. Broken rice, which doesn’t cook well, is usually taken out during the milling process…


Pepper becomes hot commodity in Gia Lai

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Hundreds of pepper farmers in the Central Highlands province of Gia Lai feel they have won the lottery. With just one crop they have turned into dong billionaires, thanks to a sharp increase in world pepper prices. In the last crop, pepper prices rose higher than at any point in the previous 15 years, reaching…


High interest rates force fish prices down

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The “tra fish price fever” in the Mekong Delta has subsided. In early April, the tra fish price was at sky high levels of 28,500 dong per kilo, while it has dropped to 26,500 dong per kilo. Experts believe that the overly high bank loan interest rate is one of the reasons that have forced…


Dragon fruit, rice, catfish prices fall

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The price of dragon fruit, rice and tra catfish has been dropping steadily in the Mekong Delta region. A kilogram of medium-size dragon fruit sold for VND4,000-5,000 on May 29, while a kilogram of larger-size dragon fruit went for VND7,000-8,000. Merchants said the price of dragon fruit has fallen because local companies are facing difficulty…


Vietnam coffee prices to rise on tight supply

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Domestic coffee prices in Vietnam, the world’s second-largest producer, could rise more than 6 percent in the second half of this year due to tight global supplies, the Agriculture Ministry said on Wednesday. * Vietnam coffee prices may hit $2,680-$2,924/T * Vietnam’s current stocks seen down at 2.5-4.08 mln bags * Next harvest seen at…


Rubber prices bounce back

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The price of SVR 3L, the major rubber variety Vietnam exports, has increased by 3.6 percent to US$488 per ton on the world market in the past two weeks, the Vietnam Rubber Group said. This has boosted the domestic prices of latex by 9.4 percent to VND30000-36000 per liter, it added. The hike in prices…


Global rice prices forecast to rise soon

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World rice prices have remained stable for the past year but that could change soon. According to the Manila-based International Rice Research Institute (IRRI), rice prices have remained relatively stable, rising only 17 per cent since June last year against a 50-150 per cent hike seen in the prices of other crops. This has been…


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