Coffee market in Vietnam today, October 4, 2023: Domestic prices suddenly plummeted following world prices

Published 2023년 10월 4일

Tridge summary

Coffee prices in Vietnam's domestic market have decreased, with key regions experiencing a sharp drop to an average price of 65,300 VND/kg. On the international market, robusta futures prices in London dropped by 51 USD to 2,410 USD/ton, while Arabica futures prices in New York decreased to 148.75 US cents/lb. Additionally, there are notable developments such as a decrease in Honduras' coffee exports, an increase in Brazilian coffee exports, and slower sales due to strong demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Price developments In the domestic market, coffee prices in key regions decreased sharply by 1,000 VND to an average price of 65,300 VND/kg. The lowest price in Lam Dong left the mark of 65,000 VND/kg; The remaining provinces of Dak Lak, Gia Lai and Dak Nong have prices above 65,000 VND/kg. Coffee prices in the Central Highlands provinces Forum of coffee makers On the world market, the price of robusta futures in November 2023 on the London exchange dropped sharply by 51 USD, equivalent to 2.07%, to 2,410 USD/ton, after hitting a 5-month low in the early trading session. The price of Arabica for December 2023 futures delivery on the New York floor reversed and decreased by 0.35 cents, equivalent to 0.23%, closing at 148.75 US cents/lb - the lowest since mid-January 2023, achieved this week. before. Robusta coffee prices in London Unit: USD/Ton | Trading unit: lot = 10 tons Forum of coffee makers Arabica coffee prices in New York Unit: USD Cent/lb | 1USD = ...
Source: Vinanet

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