Coffee market today in Vietnam, 30/3: Prices on two world exchanges continue to plunge

Published 2023년 3월 30일

Tridge summary

The article reports a decrease in the local price of coffee in the Central Highlands of Vietnam, with prices ranging from 47,900 VND/kg to 47,600 VND/kg in different provinces. On the global market, the price of robusta coffee for May 2023 on the London floor fell by 0.69% to 2,170 USD/ton, while arabica coffee for the same period on the New York Stock Exchange decreased by 2.33% to 169.7 US cents/lb, hitting a two-month low. The article also mentions the impact of inventory reports on world coffee prices and the support provided to Brazilian coffee growers by the depreciation of the Brazilian real. It highlights the upcoming harvest of new robusta coffee crops in Brazil and Indonesia and the narrowing negative for arabica coffee due to strong demand and tight supply, particularly from Vietnam. Furthermore, it notes that starting from week 13, both coffee futures markets will shift to summer time, opening and closing an hour earlier.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Price movements In the domestic market, the price of coffee in key areas in the Central Highlands lost VND 300/kg. The lowest price in Lam Dong, the highest in Dak Lak and Gia Lai, Dak Nong at 47,900 VND/kg. Coffee price Central Highlands provinces Coffee maker's forum * compared to the reference price of Robusta coffee on the London floor of the previous session On the world market, the price of robusta for May 2023 on the London floor minus 15 USD, or 0.69%, settled at 2,170 USD/ton. The price of arabica for delivery of the same term on the New York Stock Exchange plummeted 4.05 cents, or 2.33%, to 169.7 US cents/lb, the lowest level in two months. Price of Robusta coffee in London Unit: USD/Ton | Trading unit: lot = 10 tons Coffee maker's forum Price of Arabica coffee in New York Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~ 0.45Kg | Trading unit: lot Coffee maker's forum Price of Brazilian Arabica coffee at BMF Unit: USD Cent/lb | Trading unit: lot ...

Source: Vinanet