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Domestic coffee prices soar; World USD prices slide without brakes

Việt NamViệt Nam15/11/2023

Domestic coffee prices rise

Updated at 4:24 a.m. on November 15, domestic coffee prices reversed and increased sharply, increasing from 1,100 - 1,200 VND/kg, reaching over 59,000 VND/kg. Currently, the average coffee price in the Central Highlands provinces is about 59,200 VND/kg, the highest purchase price is 59,400 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces on November 15 was quite high, at 59,200 VND/kg; In Dak Nong province, it was purchased at 59,300 VND/kg.

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Domestic coffee prices are high.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, is purchased at 58,700 VND/kg.

In Cu M'gar district, Dak Lak province, the highest purchase price today is 59,300 VND/kg; and in Ea H'leo district, Buon Ho town, the purchase price is 59,400 VND/kg.

Gold prices rise again

At the time of survey at 5:00 a.m. on November 15, the gold price on the trading floors of some companies was as follows:

Today's 9999 gold price is listed by DOJI at 69.55 million VND/tael for buying and 70.40 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 69.55 - 70.10 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 69.62 - 70.38 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 69.62 - 70.58 million VND/tael (buy - sell).

World USD price plummets

The USD exchange rate today, November 15, decreased by 10 VND in both buying and selling directions. The world USD has plummeted to only 104 points; the Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.00 points - down 1.54% compared to the transaction on November 14.

The central VND/USD exchange rate announced by the State Bank is adjusted to 24,020 VND/USD, up 5 VND compared to the closing price of the trading session on November 14.

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Current USD buying and selling prices range from 23,400 - 25,300 VND/USD.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,171 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,171 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of downward adjustments at banks. Specifically, Vietcombank has a buying price of 24,160 and a selling price of 24,530, down 10 VND compared to the closing price of yesterday's trading session. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

Gasoline and oil prices continue to climb

In the world market, gasoline and oil prices today (November 15) continued to climb from the first two sessions of the week.

According to data from Oilprice, at 8:42 p.m. on November 14 (Vietnam time), Brent crude oil was trading at $82.68 per barrel, up $0.16, or 0.19%, from the previous session. WTI crude oil was at $78.42 per barrel, up $0.16, or 0.2%, from the previous session.

Oil prices rose after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed demand remained strong and on concerns that supply could be disrupted as the United States introduced measures to limit Russian oil exports.

In addition, according to forecasts from the American Automobile Association, increased travel demand during the Thanksgiving holiday in the country could boost fuel consumption.

In the domestic market, the selling prices of gasoline and oil today are applied according to the prices at the afternoon session of November 13 of the Ministry of Finance - Industry and Trade. Accordingly, gasoline and oil prices are adjusted down. Specifically, the price of E5 gasoline decreased to 22,270 VND/liter. The price of RON 95 gasoline decreased to 23,530 VND/liter. The price of diesel oil decreased to 20,880 VND/liter. The price of kerosene decreased to 21,510 VND/liter.


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