Gold prices soared to highs on Wednesday morning, exceeding US$2,000 per ounce on the global market and nearing VND59 million (US$2,554) per tael (1.2 ounces) in Viet Nam.
In the first seven months of this year, Vietnam imported 93,248 tonnes of pork, doubling the figure from the same period last year, with Canada, Germany, Brazil, and the US accounting for almost the entire volume.
The Vietnamese gold price will likely continue to spike, reflecting the growing anxiety around increasing coronavirus presence in the country and beyond.
Indonesia, the world’s top exporter of thermal coal, is stepping up efforts to diversify sales of the fuel as shipments to top buyer India slump and with exports to China poised to slow.
Weeks away from signing a free-trade agreement with China, Cambodia confirmed participation in the third China International Import and Export Fair 2020 that runs from November 5-10 in Shanghai.
Gold prices continued to rise in the local market on the last day of July, reaching near VND58 million (US$2,532) per tael (1.2 ounces). Prices in other markets followed the same trend.
Figures released by the Australian Department of Agriculture revealed that exports of Vietnamese green mangoes to Australia doubled year-on-year in the first six months of this year.
Although many livestock companies could face an inspection to ensure they follow through on commitments to cut their prices, the market outlook still looks dreary in spite of the government’s call to stabilise the selling cost of live pigs.
The recent surge of gold prices may cause risks for individual buyers, experts and analysts have warned.