What is the price of molasses per kilogram/pound in Vietnam today?
The retail price range for Vietnam molasses is between US$ 0.44 and US$ 0.88 per kilogram or between US$ 0.20 and US$ 0.40 per pound(lb). Click here to see today's exact prices of molasses in Vietnam
The retail price range in Dong for molasses is between VND 11,093.63 and VND 21,940.73 per kilogram or between VND 5,031.12 and VND 9,950.44 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam molasses is between US$ 0.31 and US$ 0.61 per kilogram or between US$ 0.14 and US$ 0.28 per pound(lb).
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Vietnam Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Vietnam has seen a steady increase over the last five years. In 2014, the price was 0.15 US$ per kg, and in 2018 it had risen to 0.29 US$ per kg. However, in 2019 the price dropped to 0.22 US$ per kg, before rising again to 0.28 US$ per kg in 2020. Based on this trend, it is likely that the export price per kilogram of Molasses from Vietnam will reach 0.33 US$ per kg in 2023 and 0.38 US$ per kg in 2024.Vietnam Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Vietnam has seen a steady increase over the past five years. In 2014, the price was 0.15 US dollars per kg, and this increased to 0.17 US dollars per kg in 2015. In 2016, the price rose to 0.19 US dollars per kg, and then to 0.24 US dollars per kg in 2017. The highest price was seen in 2018, when the import price was 0.29 US dollars per kg. However, the price dropped to 0.22 US dollars per kg in 2019, before rising again to 0.28 US dollars per kg in 2020. Based on this trend, it is likely that the import price per kilogram of Molasses into Vietnam will be 0.33 US dollars per kg in 2023 and 0.38 US dollars per kg in 2024.Export values for Vietnam molasses
The total values in export for molasses in Vietnam were US$ 1,952, US$ 6,514, US$ 4,327 and US$ 15,599 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Vietnam: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Asia: Kazakhstan molasses, Kyrgyzstan molasses, Tajikistan molasses, Turkmenistan molasses, Uzbekistan molasses, China molasses, Hong Kong molasses, Macao molasses, North Korea molasses & Mongolia molasses.
Vietnam molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam sold 72,020 tonnes of molasses. For the year 2019 alone, the interest in Vietnam molasses (processed category) has improved, flactuating by 390.332 pc compared to the year 2018. Between 2017 and 2019, molasses' exports grew by 170.51 percent earning the exporter US$15.60m for the year 2019. Vietnam's molasses exports are categorised as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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Vietnam molasses export values
In 2019, Vietnam shipped molasses valued at 15.60m USD, an increment of 260.53% from 2018's total molasses export of 4.327m USD. The annual growth in value of Vietnam molasses between 2017 to 2018 was -33.574%.
The yearly change in the amount of Vietnam's molasses exports between 2017 and 2019 was 170.51 pc compared to a variation of 390.332% in the period between 2018 and 2019.
Export markets for Vietnam molasses ( in '000$ )
Vietnam procured 183,922 tonnes of molasses in 2019.