Global coffee price on August 18; inventory is at a record low, speculation turns to buy, coffee prices are hot

At the end of the session, the price of Robusta coffee on ICE Europe - London reversed to recover. The September spot futures increased by $13 to $2,575/ton and the November delivery also increased by $13 to $2,391/ton, slight increases. Trading volume is above average. In contrast, the price of Arabica coffee on the ICE US floor - New York continued to decline for the eighth consecutive session. September spot futures fell another 1.90 cents to 147.00 cents/lb and December futures fell another 1.50 cents to 149.10 cents/lb, very significant reductions. Trading volume remains very high above average. The price of green coffee beans in the Central Highlands provinces today increased by 200 dong, up to range from 64,100 to 64,900 dong/kg. Specifically, Lam Dong province has the lowest price of 64,100 VND/kg. Next is Gia Lai province with 64,200 VND/kg. At the same time of survey, Dak Lak province had a purchasing price of 64,700 VND/kg. Dak Nong recorded a transaction level of ...