Coffee prices in Vietnam today, March 24, 2023: Slightly increased again

Published 2023년 3월 24일

Tridge summary

On March 24, 2023, the world coffee market saw mixed prices for Robusta and Arabica coffee. Robusta coffee prices increased slightly on the London exchange due to expected record low coffee output in Indonesia, but high inventories put downward pressure on futures prices. Arabica coffee prices, however, decreased sharply on the New York exchange. In contrast, the domestic market in Vietnam saw a slight increase in coffee prices, trading around 47,000 VND/kg. Meanwhile, coffee exports from Uganda increased by 19.5% in January 2023, providing opportunities to offset declines in exports from other countries like Indonesia and Vietnam.

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

Original content

World coffee price today 24/3 The price of coffee today on March 24 in the world market fluctuated between two major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in May 2023 increased slightly by 12 USD/ton (equivalent to 0.57%), to 2,124 USD/ton. And the price of coffee delivered in July 2023 on this floor is increasing by 10 USD/ton (equivalent to 0.48%) at 2105 USD/ton. The price of Arabica coffee on the New York Stock Exchange for delivery in May 2023 fell sharply by 3.70 cents/lb (equivalent to 2.08%) to 174.30 cents/lb. For the delivery term in July 2023, the price of coffee on the floor decreased by 3.40 cents/lb (equivalent to 1.92%), at 173.45 cents/lb. World coffee price today turned to increase slightly on the London floor but continued to decline sharply by 2% on the New York floor. According to experts, the price of Robusta coffee increased thanks to the information that Indonesia's coffee output next season will ...

Source: Agriculture