Coffee prices in Vietnam today, March 8, 2023: The market simultaneously increased slightly

Published 2023년 3월 8일

Tridge summary

World coffee prices are on the rise at two major exchanges, with Robusta coffee prices experiencing a slight decrease before increasing, and Arabica coffee prices continuing to recover strongly. This recovery is attributed to improved weather conditions in Brazil, reduced speculation on the New York Stock Exchange, and a report of a 6% decrease in Colombian coffee exports in February. In Vietnam, domestic coffee prices have seen a slight increase, trading around 47,500 - 47,900 VND/kg.

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

Original content

World coffee price today 8/3 Coffee price today 8/3 in the world market is increasing at 2 major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in May 2023 decreased slightly by 1 USD/ton (equivalent to 0.05%), to 2,152 USD/ton. And the price of coffee delivered in July 2023 on this floor is increasing by 1 USD/ton (equivalent to 0.05%), at 2,143 USD/ton. The price of Arabica coffee on the New York Stock Exchange for delivery in May 2023 continued to increase by 2.25 cents/lb (equivalent to 1.25%), to 182.55 cents/lb. For the delivery term in July 2023, the price of coffee on this floor is increasing by 2.20 cents/lb (equivalent to 1.22%), at 181.90 cents/lb. World coffee prices today are simultaneously increasing. In particular, the price of Robusta coffee has increased slightly after 1 day of decline. The price of coffee on the New York floor continued to recover strongly in the context of increasing inventories on the London ...

Source: Agriculture