Coffee price today in Vietnam, May 22: The world market simultaneously increased

Published 2023년 5월 22일

Tridge summary

World coffee prices have seen an increase, with robusta coffee in London for July 2023 reaching $2,588/ton, up by 1.89%, and arabica coffee in New York for the same month at 192 US cents/lb, a 2.87% rise. However, coffee exports from Africa fell by 5% in March, totaling 1.12 million bags, despite positive growth in Burundi, Rwanda, and Uganda. Central America and Mexico experienced a decline in coffee exports, with Guatemala seeing the heaviest drop. In contrast, Asia and Oceania were the only regions to show positive growth, with Indonesia being the main contributor. This growth contradicts the International Coffee Organization's forecast of slower Indonesian production growth than consumption, leading to a decrease in export supply.

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

Original content

Update world coffee prices As noted, the price of coffee on the world market increased. Specifically, the price of online robusta coffee in London delivered in July 2023 was recorded at $2,588/ton after an increase of 1.89% (equivalent to $48). The price of arabica coffee delivered in July 2023 in New York was at 192 US cents/lb after rising 2.87% (equivalent to 5.35 US cents) at the time of the survey at 6:06 am (Vietnam time). Coffee exports from the African region also fell 5% to 1.12 million bags in March. Cumulatively for the first 6 months of the current coffee season, the total exports of the African region were 6 35 million bags, a slight increase of 0.3% over the same period. In March, coffee exports from Ivory Coast and Kenya fell by 41.4% and 17.7%, respectively, to 0.12 million bags and 58,340 bags. However, Burundi, Rwanda and Uganda increased by 86.7%, 249.2% and 2.0% respectively. As for Central America and Mexico, coffee exports in March reached 1.7 million ...

Source: Vinanet