Vietnam: Domestic commodity market on October 5, 2022

Published Oct 5, 2022

Tridge summary

The article reports on the current state of rice and pepper prices in the Mekong Delta provinces of Vietnam and the global market. It notes a increase in the export price of rice, attributed to factors such as the rising USD/VND exchange rate, demand from the Philippines and Malaysia, and the ongoing harvest of autumn-winter rice. In contrast, domestic pepper prices are decreasing, influenced by increased production in Indonesia and political tensions in Eastern Europe and China's "Zezo Covid" policy. The article also mentions efforts by Dong Nai province to sustainably produce and market pepper, highlighting its potential for better yields and competitive advantages.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rice price today 5/10: Export rice price increased by 5 USD/ton. Rice price today 5/10 in the Mekong Delta provinces remained stable compared to yesterday. Currently, OM 5451 rice is being purchased by traders at 5,500 - 5,700 VND/kg, OM 18 rice is being purchased by traders in the field at 5,500 -5,700 VND/kg; IR 504 rice 5,300 – 5,500 VND/kg, Dai Thong rice 8 5,600 – 5,800 VND/kg; Miss Hoa 9 maintained at 5,600 - 5,800 VND/kg; An Giang sticky rice (fresh) 5,900 – 6,100 VND/kg; Long An sticky rice (fresh) 6,200 – 6,500 VND/kg. With dry rice, currently dry IR 504 rice is maintained at 6,500 VND/kg; Currently, An Giang dried sticky rice is being purchased by traders at 8,600 – 8,800 VND/kg; Long An sticky rice 8,500 – 8,800 VND/kg; For rice, the price of raw rice and finished products went sideways after an upward correction. Currently, the price of IR 504 raw rice is at 8,800 VND/kg; finished rice remained stable at 9,400 VND/kg. Similarly, by-products remained stable. Currently, ...

Source: Vinanet