COMPANY NEWS
Vietnamese farmers switch to popular durian, causing coffee bean production to decrease and prices to soar
2024-06-03
Vietnamese durian is widely popular in China, causing farmers to switch to durian, resulting in a 20% decrease in coffee production in Vietnam and driving up coffee prices. Drought has exacerbated the shortage of coffee supply. In addition, the increasing demand for coffee in Asia is also one of the reasons for the price increase.
End demand is weakening, and there is a risk of steel prices weakening in June
2024-05-31
Against the backdrop of the continued release of bullish policies in May, steel prices showed a fluctuating upward trend. For June, with the implementation of the bullish policy in the first half of the year, the market still has positive expectations, and prices may have some support. In the middle and late stages, with the arrival of the wheat harvest and rainy season, there is a weakening trend in actual terminal demand, and prices may weaken and fluctuate.
International wheat prices are rising
2024-05-28
Since late April, international wheat prices have fluctuated upwards, with some countries approaching the second highest level in 2023. Since late April, domestic wheat prices in China have continued to show a fluctuating downward trend.
Guizhou’s annual blueberry production exceeds 100000 tons, ranking first in China
2024-05-25
The blueberry market in China is growing rapidly, with Yunnan becoming the focus. However, Guizhou is the largest planting area with a total area of 230000 acres and an annual output of over 100000 tons. Guizhou blueberries are mainly frozen at low prices, which are much lower than those in Yunnan.
Severe drought leads to a 42% reduction in durian production in Thailand
2024-05-15
The latest report by Thai international economist Aat Pisanwanich suggests that Thai durian exports may decrease by 53% due to drought and competition from Vietnam. Vietnam's durian production continues to grow and is expected to surpass Thailand as the main supplier to China by 2024.
Vietnamese coffee prices have plummeted significantly
2024-05-07
The price of coffee has sharply declined since its historical high, with an average price of Vietnamese dong 100800 per kilogram in May, reaching a new low in nearly a month. In April, Vietnam's coffee exports reached 170000 tons, earning 644 million US dollars in foreign exchange. The export price was 3402 US dollars per ton, a year-on-year increase of 49.7%.
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