AsemconnectVietnam - Vietnam’s commodity markets on the morning of May 10, 2026, reflected mixed movements across key sectors. Domestic gold prices remained stable, while coffee, rice, rubber, and durian exhibited divergent trends under the combined influence of supply conditions and export demand dynamics. Overall, the session highlighted a market environment shaped by tightening agricultural supply in some segments, contrasted with quality constraints and fluctuating global signals in others.

Domestic gold prices remained stable
Domestic gold prices held steady throughout the session, showing no change compared to the previous close.
SJC gold bars were listed at 164.5–167.5 million dong per tael (buying – selling). SJC gold rings (1–5 chi) were also unchanged at 164–167 million dong per tael.
Similarly, 9999 gold rings at DOJI traded flat at 164.5–167.5 million dong per tael, while Bao Tin Minh Chau’s plain gold rings maintained the same range of 164.5–167.5 million dong per tael.
During the previous week, domestic gold prices had displayed unusual movements as the price gap between Vietnam and global markets narrowed significantly, at times shrinking to around 17 million dong per tael. This convergence suggested a temporary rebalancing between domestic and international pricing structures.
Live hog prices increased nationwide
Live hog prices extended their upward trend across the country, pushing the national average into a range of 66,000 to 71,000 dong per kg.
The sustained increase reflected a clear recovery in market conditions after a prolonged period of subdued trading.
The southern region remained the focal point of the rally. Dong Nai became the first locality of the year to surpass the 70,000 dong per kg threshold, reaching 71,000 dong per kg. Ho Chi Minh City followed closely at 70,000 dong per kg, while Tay Ninh, Dong Thap, and Vinh Long traded at 69,000 dong per kg.
In the northern and central regions, most provinces also recorded modest gains. Bac Ninh, Hanoi, and Hung Yen led the north at 68,000 dong per kg, while Lam Dong maintained the highest level in the central region at 69,000 dong per kg.
Coffee market adjusted domestically while global prices diverged
The coffee market showed clear divergence between domestic and international trends.
In the Central Highlands, domestic prices declined by 400 to 500 dong per kg but remained above 86,000 dong per kg, supported by limited supply and farmers’ reluctance to sell.
Dak Nong (Lam Dong area) maintained its leading position at approximately 87,300 dong per kg, followed by Dak Lak and Gia Lai at around 87,100 dong per kg.
On international markets, robusta and arabica prices moved in opposite directions. On the London exchange, July 2026 robusta contracts declined by 18 USD per ton to 3,414 USD per ton amid profit-taking pressure.
Conversely, arabica prices on the New York exchange rebounded after a series of sharp declines, with the July 2026 contract rising to 274.15 US cents per pound, driven by bargain-hunting activity.
This divergence underscored differing supply outlooks and investor sentiment between the two major coffee varieties.
Pepper prices remained elevated
In contrast to coffee, domestic pepper prices remained stable at high levels, ranging from 140,000 to 144,000 dong per kg.
Despite the lack of upward movement, these prices represented historically strong levels, supported by limited new-crop supply and steady export demand.
Dak Lak and Dak Nong (Lam Dong area) continued to record the highest prices at 144,000 dong per kg, while Gia Lai remained the lowest at 140,000 dong per kg.
On the global market, Brazil increased its pepper exports, with Vietnam emerging as its largest buyer.
Vietnamese black pepper grades 500 g/l and 550 g/l were quoted at around 6,100 to 6,200 USD per ton. In the white pepper segment, Vietnamese products were offered at approximately 9,000 USD per ton, remaining competitive with Indonesia and Malaysia.
Rice trading slowed while export prices stayed firm
Rice trading activity in the Mekong Delta slowed as fresh paddy supply continued to diminish across several provinces.
According to local agricultural authorities in An Giang, some paddy varieties declined slightly by 100 dong per kg. OM 5451 and IR 50404 traded at 5,400–5,700 dong per kg, while Dai Thom 8 and OM varieties edged up by 100 dong per kg to 6,200–6,300 dong per kg.
Export rice prices, however, remained stable. IR 504 raw rice was priced at 8,600–8,700 dong per kg, while Dai Thom 8 ranged from 9,200 to 9,400 dong per kg.
On international markets, Vietnam’s 5% broken rice was quoted at 510–520 USD per ton, significantly higher than Thailand’s 396–400 USD per ton and India’s 345–349 USD per ton.
This pricing advantage reflected sustained global demand for Vietnamese rice, particularly in premium segments.
Durian prices showed strong segmentation
Durian markets exhibited clear segmentation based on quality and export standards as supply began to increase.
Thai durian and Black Thorn varieties maintained strong price levels. In the Mekong Delta, Thai VIP grade A was purchased at around 85,000 dong per kg, while Black Thorn grade A reached approximately 106,000 dong per kg.
Musang King grade A traded between 86,000 and 88,000 dong per kg.
In contrast, Ri6 durian showed more volatility, with grade A prices ranging from 41,000 to 45,000 dong per kg across the Mekong Delta, Binh Phuoc, Tay Ninh, and Dong Nai.
Other local varieties such as Chuong Bo and Sau Huu were traded at 55,000 dong per kg and 62,000 dong per kg, respectively.
The segmentation reflected increasingly stringent export inspection requirements and varying quality standards, which influenced buyer preferences and pricing structures.
Domestic rubber prices remained stable despite global recovery
Global rubber markets experienced a week of recovery, driven by supply concerns, firm crude oil prices, and expectations of stronger demand from the automotive sector.
On the Shanghai exchange, September 2026 rubber contracts rose to approximately 17,985 yuan per ton, reflecting optimism about improving industrial consumption in China.
Singapore also recorded gains, with TSR20 prices ranging between 220 and 221 US cents per kg.
Despite these global developments, Vietnam’s domestic rubber market remained stable. Major companies such as Mang Yang, Phu Rieng, Ba Ria, and Binh Long maintained unchanged procurement policies.
Latex prices were generally applied within a range of 420 to 463 dong per TSC per kg, depending on quality and TSC levels. Similarly, mixed and coagulated rubber ranged from 13,500 to 18,000 dong per kg, based on DRC specifications.
Overall market perspective
Vietnam’s commodity markets on May 10, 2026, reflected a complex interplay of stability and divergence.
Gold remained steady, while live hog prices continued their recovery. Agricultural commodities showed mixed trends: coffee adjusted domestically amid global divergence, pepper maintained strong price levels, rice exports remained competitive despite slower domestic trading, and durian markets became increasingly segmented.
Rubber stood out for its domestic stability in contrast to global recovery trends, underscoring the cautious stance of local enterprises amid evolving international demand conditions.
Overall, the session highlighted the importance of supply dynamics, export demand, and quality standards in shaping Vietnam’s commodity market performance.
Source: Vitic