{"id":19952,"date":"2024-02-21T13:56:45","date_gmt":"2024-02-21T13:56:45","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=19952"},"modified":"2024-02-21T14:00:03","modified_gmt":"2024-02-21T14:00:03","slug":"farmers-comfort-zone-durian-coffee-and-rice-prices-up-in-vietnam","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2024\/02\/21\/farmers-comfort-zone-durian-coffee-and-rice-prices-up-in-vietnam\/","title":{"rendered":"Farmers\u2019 comfort zone: durian, coffee and rice prices up in Vietnam"},"content":{"rendered":"\n

Vietnam is witnessing a wave of exports in three agricultural commodities, benefiting producers with high prices.<\/p>\n\n\n\n

For one, coffee is seemingly repeating the June 2023 pattern when exports diminished domestic supply with a corresponding price hike. A similar scenario is also staging around the currently pricey durian and rice in as early as February, 2024.<\/p>\n\n\n\n

After a lull in November 2023, rice prices shot up by\u00a06%\u00a0<\/u><\/a>while coffee by 4% in January 2024. Other commodities like mango notched up 8% in cost while fresh fish spiked by 6.7% due to Chinese demand.<\/p>\n\n\n\n

Durian 20% Costlier<\/strong><\/strong><\/h3>\n\n\n\n

But it is durian that has risen the highest, with prices up by 20% since the start of 2024 from end 2023.\u00a0Durian prices<\/u><\/a>\u00a0have now breached the 200,000-dong ($8.15) mark a kg at retail markets.<\/p>\n\n\n\n

Consequently, farmers\u2019 markets in Hanoi are now in a craze to lay their hands on the premium monthong variety. This cultivar of Thai origin that grows in Mekong Delta and south Vietnam is in high demand despite being off-season. \u00a0Besides, it currently sells at 200,000 dong ($8.15) a kg, the same as its highest price in 2023.\u00a0<\/p>\n\n\n\n

Though Vietnam produces durian most of the year in two seasons, the peak months are April through July. The October through March <\/u><\/a>season that is currently underway is a stopgap harvest, hence the supply glitch.<\/p>\n\n\n\n

Prices of durian will likely stay out of reach because Thailand\u2019s \u00a0and Malaysia\u2019s seasons will be ending this March.<\/p>\n\n\n\n

Rice Edges to $640\/t<\/strong><\/strong><\/h3>\n\n\n\n

Vietnam\u2019s rice farmers are not just basking in domestic prices but export prices as well, now at $640 a tonne. <\/p>\n\n\n\n

Locally known as \u2018white gold\u2019 due to productivity, rice is currently walking a tight rope as world demand exceeds supplies. This means that most of the grain is earmarked for export, causing a domestic price gain. <\/p>\n\n\n\n

Rice grows in two diverse ecosystems of Vietnam, namely the semi-tropical humid southern delta and the wintry northern region. The peak harvest is between August and September. <\/p>\n\n\n\n

The curving paddies and\u00a0\u00a0terraces<\/u><\/a>\u00a0are a wonder to see during the harvest season in the picturesque rural terrain.\u00a0<\/p>\n\n\n\n

Coffee To Hit 80m Dong\/t<\/strong><\/strong><\/h3>\n\n\n\n

Rice aside, coffee export prices are set to exceed 80 million dong ($3,260) per tonne later in 2024. This is due to upshot international\u00a0demand amid\u00a0dry weather in Brazil,<\/u><\/a>\u00a0the world\u2019s biggest Arabica exporter.<\/p>\n\n\n\n

As one of the last bastions of robusta coffee in Asia<\/u><\/a>, Vietnam now remains the importers\u2019 target for raw beans. <\/p>\n\n\n\n

It is no wonder then that coffee farmers are smiling upon a broad price rise fluctuation of between 4 and 9%.<\/p>\n\n\n\n

However, local buyers can take advantage of the just ended Lunar New Year holiday to land low prices. The holiday has seen prices momentarily dip to 79,200 dong<\/u><\/a> ($3.23) a kg. This always happens at this time of the year when traders go home for the holiday, leaving the market wide open. <\/p>\n\n\n\n

In short, 2024 is already a handsome year for coffee, rice and durian farmers in Vietnam amid tight supplies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Vietnam is witnessing a wave of exports in three agricultural commodities, benefiting producers with high prices. For one, coffee is seemingly repeating the June 2023 pattern when exports diminished domestic supply with a corresponding price hike. A similar scenario is also staging around the currently pricey durian and rice in as early as February, 2024….<\/p>\n","protected":false},"author":3,"featured_media":19953,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nFarmers\u2019 comfort zone: durian, coffee and rice prices up in Vietnam - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2024\/02\/21\/farmers-comfort-zone-durian-coffee-and-rice-prices-up-in-vietnam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farmers\u2019 comfort zone: durian, coffee and rice prices up in Vietnam - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"Vietnam is witnessing a wave of exports in three agricultural commodities, benefiting producers with high prices. 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