Coffee price in Vietnam today, 5/6/2023: Highest at 61,200 VND/kg

Published 2023년 6월 5일

Tridge summary

World coffee prices remained stable on both the London and New York bourses on June 5, 2023, with Robusta coffee prices slightly increasing and Arabica coffee prices slightly decreasing. Consumers are shifting to Robusta coffee due to inflation and economic recession, leading to an increase in Robusta coffee prices. In Vietnam, the domestic coffee price remained flat at around 60,700 - 61,200 VND/kg, despite a decrease in the London floor price. The domestic coffee market increased slightly due to a scarce supply, with an estimated output of only 1.5 million tons for the 2022-2023 crop.

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

Original content

World coffee price today 5/6 Coffee price today 5/6 in the world market has no new changes in both major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in July 2023 was at $2,575/ton. And the price of coffee delivered in September 2023 on this floor is pegged at $2,542/ton. And the price of Arabica coffee on the New York Stock Exchange delivered in July 2023 kept at 180.30 cents/lb. For the delivery term in September 2023, the price of coffee on this floor is at 177.70 cents/lb. World coffee prices today remained stable on both London and New York bourses. Summarizing this week, the global coffee market fluctuated mixed. Accordingly, the price of Robusta coffee on the London floor for spot delivery in July increased slightly by 1 USD. While the price of Arabica coffee on the New York Stock Exchange for spot delivery in July fell 1.3 cents. World consumers are shifting to consuming Robusta coffee due to "austerity" from the ...

Source: Agriculture