Pepper prices increased for two consecutive days; betel nut prices are 10 times higher than last year.

Brazilian ASTA 570 black pepper prices remained at US$6,175/ton. Malaysian ASTA black pepper prices remained stable at US$8,500/ton; Malaysian ASTA white pepper prices reached US$10,400/ton.

Vietnamese black pepper prices remain high, trading at US$5,800/ton for the 500 g/l variety; US$6,200/ton for the 550 g/l variety; and white pepper at US$8,500/ton...

Coffee prices today, August 15, 2024: Domestic prices fall sharply.

Domestic coffee prices fell sharply by 2,200 VND/kg compared to yesterday, ranging from 116,600 to 117,300 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 117,000 VND/kg, with the highest purchase price in Dak Lak and Dak Nong provinces at 117,300 VND/kg.

Coffee prices today, August 15, 2024: Domestic prices fall sharply.

The purchase price of coffee in Gia Lai province (Chu Prong) is 117,100 VND/kg, while in Pleiku and La Grai it is 117,000 VND/kg; in Kon Tum province, coffee is purchased at 117,100 VND/kg; and in Dak Nong province, the highest price is 117,300 VND/kg.

In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, the price of bulk green coffee beans (green coffee beans, fresh coffee beans) is 116,600 VND/kg.

On August 15th, coffee was purchased at approximately 117,300 VND/kg in Dak Lak province; in Cu M'gar district, it was purchased at approximately 117,200 VND/kg, while in Ea H'leo district and Buon Ho town, it was purchased at the same rate of 117,200 VND/kg.

The price of betel nuts is 10 times higher than last year.

Currently, the price of betel nuts in Nghe An province has reached 65,000 VND/kg, ten times higher than last year.

A farmer in Thanh Hoa commune (Thanh Chuong district, Nghe An province) planted 500 betel nut trees, of which 250 have already yielded fruit, and the remaining 250 are still developing. Since the beginning of the season, his family has sold nearly 100 kg of betel nuts, with the price at that time being 52,000 - 55,000 VND/kg.

The price of betel nuts is 10 times higher than last year.

The price at the beginning of the season was 50,000 VND/kg, but for about a month now, the price of betel nuts has increased sharply, reaching 55,000 VND, 60,000 VND, and now 65,000 VND/kg. Compared to last year, this is an 8-10 fold increase.

Two years ago, the price of betel nuts plummeted, from 12,000 VND/kg at the beginning of the season, down to 5,000-7,000 VND in the middle of the season, and then "hit rock bottom" at 2,000-3,000 VND/kg, yet there were still no buyers.

According to residents of Cao Son commune, Anh Son district: While betel nut prices reached a record high of 90,000 VND/kg in 2021, they plummeted in 2022 and 2023. In 2022, the price dropped to only 5,000 VND/kg, and even then, they couldn't sell them because there were no traders buying them.

According to traders specializing in buying betel nuts, farmers in Khai Son commune, Anh Son district, said that this year, betel nut prices have remained high since the beginning of the season and have been increasing daily. In Nghe An province alone, the price of betel nuts is currently at 60,000-65,000 VND/kg (depending on the type). While prices are high, they will immediately drop if China stops buying. There have been years when prices were 70,000 VND/kg, but just a few days later, they plummeted to only 5,000-7,000 VND/kg.

Agricultural product prices today, August 15, 2024: Dragon fruit prices have decreased by 40-50% compared to the previous season.

Over the past week, dragon fruit has been widely sold on the streets of Ho Chi Minh City at prices ranging from 10,000 to 15,000 VND per kilogram, a 40-50% decrease compared to the previous season.

A dragon fruit vendor on Pham Ngu Lao Street (Go Vap district) said that white-fleshed dragon fruit is currently priced at 10,000 VND per kilogram, while red-fleshed dragon fruit is 15,000 VND. This is half the price compared to three months ago.

Agricultural product prices today, August 15, 2024: Dragon fruit prices have decreased by 40-50% compared to the previous season. (Illustrative image)

Observations at orchards in Binh Thuan and Tien Giang provinces also show that dragon fruit prices are falling sharply. White-fleshed varieties are currently selling for 7,000-12,000 VND per kilogram, while red-fleshed varieties range from 8,000-15,000 VND per kilogram (depending on the type).

The owner of a dragon fruit orchard in Binh Thuan province said he recently sold his entire orchard (about 5 tons) at 8,500 VND per kilogram, earning nearly 40 million VND. This is a 36% decrease compared to the previous season.

According to dragon fruit traders in Binh Thuan, the reason for the sharp drop in dragon fruit prices is the reduced demand from China, coupled with a bumper crop this season.

Wholesale price of Thai custard apple ranges from 35,000 to 40,000 VND/kg.

With many years of experience in growing various fruit trees, a farmer in Hamlet 11, Hoa Phu Commune, Buon Ma Thuot City, Dak Lak Province, has successfully cultivated a variety of Thai custard apple with large, plump fruits. Their Thai custard apple orchard, with 200 trees, has replaced their old mango trees and has initially yielded high economic returns. The Thai custard apple variety is drought-tolerant but not tolerant of waterlogging, and has better pest and disease resistance than local varieties.

Wholesale price of Thai custard apples ranges from 35,000 to 40,000 VND/kg. (Illustrative image)

Thai custard apples have few seeds, thin skin, a rich, sweet flavor, and an attractive appearance, making them very popular in the market. In the weather conditions of Buon Ma Thuot, Dak Lak province, Thai custard apple trees yield fruit from June until the Lunar New Year, but the harvest is concentrated from August to September.

During the Lunar New Year, Thai custard apples sell for up to 80,000 to 100,000 VND/kg, while on regular days, the wholesale price ranges from 35,000 to 40,000 VND/kg. Currently, production is not abundant, so supply still falls short of demand.

Each 5-year-old Thai custard apple tree yields 35 to 40 kg per harvest. If the tree is in a stable production period and well-cared for, it can yield 50 to 70 kg per tree.

If planted at a density of 625 trees/ha (4m x 4m), and with the current market price of Thai custard apples, the annual harvest would range from 700 million to 900 million VND/ha.