Agricultural Market Update – March 23
Monday, March 23,2026
AsemconnectVietnam - Vietnam’s agricultural markets opened the week with mixed signals, as coffee prices staged a strong rebound while pepper fell to a nine-month low. Despite the divergence, export-oriented commodities such as durian and rice continue to present significant growth opportunities.
Coffee rebounds to 94,000 dong/kg
Domestic coffee prices rose sharply by nearly 4% after a week of steady recovery, bringing prices in the Central Highlands back to the range of 93,000–94,000 dong/kg.
Dak Lak and Gia Lai led the gains, both reaching 94,000 dong/kg. Lam Dong traded slightly lower at around 93,000 dong/kg.
The domestic rally was supported by bullish sentiment on international exchanges. London robusta futures for May 2026 climbed to 3,664 USD per tonne, up about 6% week-on-week. Meanwhile, New York arabica futures for the same delivery surged 8.6% to 309.75 US cents per pound.
According to market sources, domestic prices are tracking the recovery on ICE exchanges, although trading liquidity remains relatively thin.
Pepper hits nine-month low on harvest pressure
In contrast, pepper prices came under significant downward pressure. Over the past week, prices dropped by as much as 8,500 dong/kg, bringing the average range down to 135,000–136,000 dong/kg — the lowest level since mid-2025.
In the Central Highlands, prices in Dak Lak and Lam Dong fell to 136,000 dong/kg. In the Southeast, Ho Chi Minh City recorded 135,500 dong/kg, while Dong Nai hovered around 135,000 dong/kg.
Globally, export prices for black pepper from Indonesia and Brazil edged lower, while Vietnamese black pepper remained stable at 6,300–6,400 USD per tonne.
Rice market remains stable
Rice prices in the Mekong Delta held steady. According to An Giang’s Department of Agriculture and Environment, fresh paddy prices for OM 18 and Dai Thom 8 ranged from 5,600–5,800 dong/kg, while IR 50404 stood at 5,200–5,300 dong/kg.
Export-grade rice also moved sideways, with OM 5451 quoted at 8,250–8,350 dong/kg and Dai Thom 8 at 9,150–9,350 dong/kg.
In the retail segment, Nang Nhen rice remained the highest-priced at around 28,000 dong/kg, while standard rice varieties ranged from 12,000–13,000 dong/kg.
On the export front, Vietnam’s 5% broken rice was offered at 400–415 USD per tonne, maintaining a competitive edge over Thailand (381–385 USD) and India (351–355 USD).
Durian prices surge on tightening supply
Durian prices increased sharply due to tightening end-of-season supply, with traders actively stockpiling for export to China and Taiwan.
Top-grade Thai durian (Grade A) rose to 160,000–165,000 dong/kg, while Grade B reached 140,000–145,000 dong/kg. Ri6 durian also gained 3,000–5,000 dong/kg, with Grade A priced at 90,000–95,000 dong/kg.
Other premium varieties remained firm, including Musang King (135,000–140,000 dong/kg), Sau Huu (115,000–120,000 dong/kg), and Chuong Bo (85,000–92,000 dong/kg).
Live hog prices trend higher nationwide
Live hog prices rose across all regions, establishing a new range of 65,000–69,000 dong/kg.
Southern provinces continued to lead, with Vinh Long peaking at 69,000 dong/kg, while Dong Nai, Tay Ninh, Dong Thap and Ho Chi Minh City followed closely at 68,000 dong/kg.
In the Central and Central Highlands regions, Lam Dong recorded 68,000 dong/kg, with most other provinces ranging from 65,000–66,000 dong/kg.
Northern markets saw Bac Ninh, Phu Tho and Hung Yen at the top level of 67,000 dong/kg, while other localities traded between 65,000–66,000 dong/kg.
Rubber prices stable domestically, mixed globally
Domestic raw rubber prices remained stable. Mang Yang Rubber Company purchased Grade 1 latex at 463 dong per TSC degree, while Ba Ria Rubber held at 452 and Phu Rieng at 440.
Scrap rubber prices ranged from 13,500 to 18,000 dong/kg depending on dry rubber content (DRC).
Globally, markets showed mixed trends. Japan’s TOCOM exchange was largely flat, with March contracts holding at 375 JPY/kg. Shanghai futures declined across maturities, while Singapore’s SGX maintained upward momentum, with April contracts reaching 189.7 US cents/kg.
Source: Vitic
Source: Vitic
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