24-Mar-2021 Intellasia |
VNS |
12:01 AM
<!–
–>
<!– –>
The surge of commodities costs because the starting of the yr has had totally different results on Vietnamese firms.
Based on Vietnam Meals Affiliation (VFA), Vietnam’s 5 % damaged rice was quoted at $518522 per tonne in early March, persevering with its rally.
Within the first two months of 2021, the common rice export value was $551.7 per tonne, up 3.4 per cent in comparison with December 2020 and up 15.4 per cent over January 2020.
Trung An HiTech Farming Joint Inventory Firm (TAR) informed tinnhanhchungkhoan.vn that the corporate exported rice with larger costs in early 2021. Of which, 450 tonnes of Jasmine 85 rice have been bought at $680 per tonne to Singapore, whereas 1,150 tonnes of aromatic Jasmine rice have been exported to Malaysian clients at $750 per tonne.
After posting a acquire of 47.7 per cent in income and 46.5 per cent in revenue after tax in 2020, TAR is predicted to take care of its development in 2021 on predicted larger rice costs.
Thanh Thanh CongBien Hoa JSC (SBT) and Son La Sugar JSC (SLS) introduced positive factors in income and revenue within the first half of economic yr of 20202021 as worldwide sugar costs recovered, pushing up the home sugar value.
Uncooked-sugar for Might supply, which is traded on Intercontinental Change (ICE), was traded at 15.77 US cents/lb on Monday, up 38.3 per cent over the identical interval final yr. The bullish pattern of sugar costs has began since early Might 2020. The worth even broke over 18 US cents/lb on the finish of February.
The appliance of an anti-dumping and anti-subsidy responsibility on raw-sugar from Thailand in early February additionally helps firms within the business.
Within the rubber market, firms that specialize in exporting pure latex like Phuoc Hoa Rubber JSC (PHR), Dong Phu Rubber JSC (DPR) and Tay Ninh Rubber JSC (TNR) are anticipated to profit from the rise of rubber costs.
Rubber futures that are traded on Tokyo Commodity Change (TOCOM) have climbed because the starting of 2021.
In Monday’s commerce, rubber value was 263 yen/kilogram, up 14.84 per cent in comparison with the beginning of the yr and up practically 94.6 per cent over the identical interval of final yr. It even crossed 330 yen/kilogram on the finish of January.
Information from to basic Division of Vietnam Customs confirmed that in January, the nation’s common rubber export was $1,611/tonne, up 1 per cent towards that of December 2020.
Issues of declining revenue margins
In the meantime, rubber tyre producers like Da Nang Rubber JSC (DRC), The Southern Rubber Trade JSC (CSM) and Sao Vang Rubber JSC (SRC) are nervous that larger rubber costs will trigger larger uncooked supplies prices, resulting in a drop in revenue margin.
Pure rubber, artificial rubber (constituted of oils) and coal are the principle supplies in producing tyres and account for 60 per cent of uncooked supplies price, of which pure rubber occupies as much as 35 per cent.
Crude oil is one other commodity recording excellent efficiency this yr.
Brent crude, which is traded on ICE, was $64.31 a barrel on Monday, up 25.8 per cent in 2021 and up 135.57 per cent towards the identical interval final yr. The acquire began since early November 2020. The benchmark even reached $70 a barrel in early March after Saudi Arabia’s oil manufacturing services have been attacked.
Increased oil costs result in larger gasoline and distillate product costs.
Within the native market, after the worth adjustment from the Ministry of Finance and Ministry of Trade and Commerce on March 12, retail costs of some fuels hit a one-year excessive.
Carriers like Vietnam Airways JSC (HVN) or Vietjet Aviation JSC (VJC) will endure extra as gas price accounts for 3040 per cent of their working bills, whereas the variety of flights fell as a result of outbreak of COVID-19.
The rise of gas costs may also have a adverse affect on thermal energy and fertiliser industries as fuels are one of many most important supplies.
https://vietnamnews.vn/economic system/909461/vietnamese-companies-show-mixed-sentiment-on-rising-commodities-prices.html
Class: Enterprise, Vietnam
Article supply: https://www.intellasia.web/vietnamese-companies-show-mixed-sentiment-on-rising-commodities-prices-887393