World coffee price today March 25, 2023 with Vietnam having increases of 1,000 VND/kg

Published 2023년 3월 25일

Tridge summary

World coffee prices surged by nearly 3% on March 25, 2023, due to decreasing inventory and concerns about global Robusta coffee supply. Robusta coffee prices on the London floor for May and July delivery rose by 3.06% and 2.85%, respectively, while Arabica coffee prices on the New York floor for the same periods increased by 2.84% and 2.80%. This price increase was attributed to a predicted shortage of 5.6 million Robusta coffee bags and anticipated reduced production in Indonesia, the world's third-largest Robusta producer, due to excessive rainfall. In Vietnam, the domestic market saw a consecutive price increase, trading around 48,000 - 48,400 VND/kg.

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

Original content

World coffee price today 25/3 Coffee prices today March 25 in the world market simultaneously increased sharply at 2 major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in May 2023 increased sharply by 65 USD/ton (equivalent to 3.06%), to 2,189 USD/ton. And the price of coffee delivered in July 2023 on this floor increased to 60 USD/ton (equivalent to 2.85%), at 2,165 USD/ton. And the price of Arabica coffee on the New York floor for delivery in May 2023 turned around and increased sharply by 4.95 cents/lb (equivalent to 2.84%), to 179.25 cents/lb. For the delivery term in July 2023, the price of coffee on the floor increased to 4.85 cents/lb (equivalent to 2.80%), at 178.30 cents/lb. World coffee price today simultaneously increased by nearly 3% compared to yesterday. The reason is considered by experts to be that the inventory on the two exchanges is decreasing. In addition, Volcafe Company has just released an estimate of ...

Source: Agriculture