Domestic farm produce prices fluctuate

Prices of key domestic farm products fluctuated in August, according to the Ministry of Agriculture and Rural Development.

domestic farm produce prices fluctuate hinh 0
Cashew nut saw the highest price hike due to surging demand for processing and high import prices. The price of dried cashew nut in the southern province of Binh Phuoc increased by VND1,500 (US$0.067) to VND45,500 (US$2.047) per kilogramme. 

In contrast, the price of black peppercorn registered an average month-on-month decrease of VND8,000 (US$0.36) per kilogramme, ranging from VND156,700 (US$7.05) to VND165,500 (US$7.44) per kilogramme in key growing areas of Gia Lai, Ba Ria – Vung Tau, Dak Lak, and Dong Nai provinces. 

The rice price in the Mekong Delta experienced abnormal changes because the domestic rice market received no orders from both traditional and other markets. 

Indonesia confirmed no rice imports in 2016 while the Philippines has not yet affirmed the plan to import 250,000 tonnes of rice. China, the biggest rice importer of Vietnam, continues to tighten management on rice imports across the border. 
The past severe drought and saltwater intrusion were also attributed to the rice price hike. 

The rice price in An Giang was kept stable at VND4,400 (US$0,198) per kilogramme in the first haft of August, but increased by VND100 per kilogramme from August 15. 

The coffee price in Central Highland provinces rose by VND500 per kg to VND38,600 (US$1.73). 

Meanwhile, the tea price in the northern province of Thai Nguyen continued to be stable in comparison with the previous month, standing between VND100,000 (US$4.5) and VND180,000 (US$8.1) per kilogramme. 

The price of vegetables in some northern provinces also increased in August as a result of storms.

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