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Agriculture product price from 18/6 - 24/6/07

Coffee

Coffee market in this week (18-23 June) has fluctuation, world coffee price had changes while domestic price was almost unchanged. In the beginning of the week (18 June), domestic Robusta coffee’s price was 1,805 USD/ton (decreased by 5 USD/ton in comparison to previous week). In the middle and the end of the week, the price softly increased at 1,818 USD/ton. The weekly average price was decreased and it tend to decrease in coming weeks. World price of coffee had much fluctuation, in the beginning of the week (18 June), Robusta coffee in London market was sold at the price of 1,855 USD/ton. It meat that coffee price had restored signals after devaluation time (at 1.725 USD/ton). In the following day, it increased to 1,904 USD/ton and in the middle and the end of the week. It is predicted that, coffee price will continuously increase with the world coffee price’s fluctuation in coming weeks

Rubber

Rubber price slightly & consecutively decreased in the week. In the beginning of the week (18 June), RSS3 rubber price in Tokyo market (Japan) was 266.5 JPY/kg. At that price level, it decreased by 3.7 JPY/kg in comparison with price in the last day of previous week. The following day of the week, the price consecutively decreased, from 275 JPY/kg (19 June) to 263 JPY/kg (20 June). The last day of the week (23 June), price has no restored signal; it remained at 263 JPY/kg. It is predicted that rubber price will slightly decrease in going week.

Exporting rice

Domestic and world rice price generally tended to softly increase. In the beginning of the week, 5% broken rice of Vietnam has no change in comparison to last week (remained at 303.5 USD/ton). This price level maintained in all days continuously there is no fluctuation until the end of the week. 5% broken rice price of Thailand also has no critical change, in the beginning days of the week, the price was 322 USD/ton (slightly increased in comparison to the level 316 USD/ton of previous week). It remained the price for all days of the week. At the moment, exporting rice tends to increase. It is predicted that it will increase in coming weeks.

High quality Rice seed

High quality rice seed’s price softly increased in the week. Price on Monday (18 June) in An Giang province was 3000 VND/kg (decreased by 100 VND/kg in comparison to last week). It increased to 3025 VND/kg in the following day and 3050 VND/kg at 21 June. In the end of the week, price increased to 3100 VND/kg. This week, the average price almost has no change (only 10 VND/kg of increase). Rice seed’ price tend to be stable at the moment. It is predicted that there is no fluctuation in rice seed’s price in going week.

Fertilizer& Pesticide

DAP fertilizer price tend to decrease in the week. In the beginning of the week, retail price in An Giang province was 7.700 VND/kg (decreased by 100 VND/kg comparing to last week). In the middle and the end of the week, the price suddenly decreased to 5400 VND/kg

Standing on the same situation of DAP fertilizer, URE fertilizer price had down trend in he week. The retail price in An Giang province was 5600 VND/kg in the beginning of the week, and was 4800 VND/kg in the following days.

Bassa pesticide price in An Giang province was 22,000 VND/bottle (retail price), this price which was the price in 2 previous weeks. However, importing fertilizer and pesticide prices are strongly varying. It is predicted that fertilizer and pesticide price will rapidly increase in coming weeks.

RE sugar ( Domestic)

Sugar price tended to increase after short time of slightly decreasing. In An Giang province, retail price was 7,500 VND/kg, the price in Bac Lieu was higher, it was about 10,000 VND/kg (500 VND/kg higher than previous week). Sugar price in Lam Dong was 8,000 VND/kg and it was 7,500 VND/kg in Kien Giang province (the same price level to last week). It is predicted that domestic sugar price will highly increase in coming weeks of July

Peppercorn

Domestic and world price of peppercorn slightly increased in the week. Average retail price of domestic black pepper was 52.000 VND/kg (increased by 1,000 VND/kg in comparison with previous week and. Peppercorn price decreased in nearly weeks but it tend to restore because of increasing demand. It is predicted that the price will continuously increase in some going weeks

Pork

Domestic retail pork price (over 80 kg) had no change in the week. The price in An Giang province was 22.500VND/kg in all days of the week (it decreased 1.000 VND/kg comparing to the end of previous week). As well as An Giang, pork price in other provinces was quite stable ( Dong Nai : 20,000VND/kg, Vinh Long:16,500 VND/kg, Tien Giang: 24,500 VND/kg). It is predicted that pork price will be stable in some going weeks

Some agricultural product price table

Unit

18-Jun

19-Jun

20-Jun

21-Jun

22-Jun

High quality rice seed price

VND/kg

3,000

3,025

3,050

3,050

3,100

Robusta coffee (London)

USD/ton

1,855

1,860

1,900

1,909

1,904

Robusta coffee (Domestic)

USD/ton

1,805

1,818

1,818

1,818

1,818

RSS3 rubber

JPY/kg

267

275

265

265

265

5% broken rice (Vietnam)

USD/ton

304

304

304

304

304

5% broken rice (Thailand)

USD/ton

322

322

322

322

322

DAP fertilizer

VND/kg

7,700

7,700

5,400

5,400

5,400

URE fertilizer

VND/kg

5,600

5,600

4,800

4,800

4,800

Bassa pesticide

VND/bottle

22,000

22,000

22,000

22,000

22,000

Pork meat in An Giang province

VND/kg

22,500

22,500

22,500

22,500

22,500

Nguyen Quoc Chinh (www.agro.gov.vn)
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