Coffee prices in Vietnam today, September 3, 2023: Prices this week continue to increase strongly

Published 2023년 9월 3일

Tridge summary

Coffee prices remained stable on September 3, with Robusta prices increasing due to a lack of short-term supply improvement and Arabica prices decreasing due to pressure from the high USD. The global market experienced fluctuations influenced by factors such as the US non-agricultural payroll and China's purchasing index, as well as dry weather conditions in Brazil. In the domestic market, coffee prices in various districts across Vietnam stayed flat, with the highest purchase level reaching 66,600 VND/kg.

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

Original content

Coffee prices today September 3 around the world In the world, London and New York exchanges on September 3 had no new changes. In which, the price of Robusta on the London floor for delivery in November 2023 kept at $2,489/ton. And the delivery term in January 2024 on this floor is at 2,386 USD/ton. On the New York Stock Exchange, the price of Arabica delivered in December 2023 was anchored at 154.50 cents/lb. And the March 2024 delivery is at 155.65 cents/lb. The world market this week is mixed. In particular, the price of Robusta on the London exchange for delivery in November 2023 increased sharply by 45 USD/ton. The reason for the increase comes from the fact that the global supply has not shown any signs of improvement in the short term. The price of Arabica delivered in December 2023 on the New York floor decreased by 1.25 cents/lb. The fact that the USD is still at a high level has put pressure on this commodity. During the weekend session, the global market was quite ...

Source: Agriculture