Coffee price today in Vietnam, March 3: Reduced by 500 VND/kg, simultaneously below the threshold of 40,000 VND/kg

Published 2022년 3월 3일

Tridge summary

The article reports a decrease in Vietnam's coffee prices, with Lam Dong province having the lowest price of 38,900 VND/kg. Meanwhile, the price in Dak Lak province increased to 39,500 VND/kg, the highest among the provinces. globally, coffee prices have also dropped, with robusta coffee in London falling by 2.42% to $2,179 per ton, and arabica coffee in New York decreasing by 2.87% to 230.45 US cents/lb. The Russia-Ukraine war is expected to negatively impact Indian coffee exports to Ukraine and neighboring countries, with concerns about increased fuel, metal/aluminum, packaging materials, and logistics costs.

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

Original content

Update coffee prices in the country According to a survey on giacaphe.com at 9:45 a.m., today's coffee price is adjusted down by 500 dong/kg compared to yesterday. In which, Lam Dong province currently records the lowest price of 38,900 VND/kg. Next, the two provinces of Gia Lai and Dak Nong are trading at the same level of 39,400 VND/kg. Similarly, the price of coffee in Dak Lak province also increased by 39,500 VND/kg. This is also the highest level at the moment. Update world coffee prices On the world market, coffee prices fell simultaneously. Accordingly, the price of online robusta coffee in London for delivery in March 2022 was recorded at $2,179 per ton after a decrease of 2.42% (equivalent to 54 USD). The price of arabica coffee delivered in March 2022 in New York reached 230.45 US cents/lb, down 2.87% (equivalent to 6.8 US cents) at the time of the survey at 7am (Vietnam time). The current crisis has put India's coffee exports to Ukraine and neighboring countries facing ...

Source: Vietnambiz