Coffee prices in Vietnam on November 24, 2023: International exchanges are mixed, and the prices of Robusta reversed and decreased slightly

Published 2023년 11월 24일

Tridge summary

The price of Robusta coffee in London decreased by 0.95% and was recorded at $2,491 USD/ton for delivery in January 2024, while the price of Arabica coffee in New York increased by 0.3% and reached 169.05 US cents/pound for delivery in March 2024. Despite being the 6th largest coffee producer, Vietnam has the 2nd highest coffee output in the world due to high productivity. Robusta coffee accounts for the highest proportion of coffee exports from Vietnam, followed by Arabica and decaffeinated green coffee.

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Original content

As noted, coffee prices on the world market fluctuate inconsistently. Accordingly, the online price of Robusta coffee in London for delivery in January 2024 was recorded at 2,491 USD/ton after a decrease of 0.95% (equivalent to 24 USD). The price of Arabica coffee delivered in March 2024 in New York was at 169.05 US cents/pound after increasing by 0.3% (equivalent to 0.5 US cents) at the time of the survey at 11:24 a.m. (Vietnam time). . Vietnam has the 6th largest coffee area in the world, but its coffee output ranks 2nd in the world, thanks to high output. Domestic prices have reached a peak of around 58,000 - 60,000 VND/kg, due to a decline in supply, even though Vietnam is entering the new 2023/24 harvest season. Chairman of the Vietnam Coffee and Cocoa Association - Mr. Nguyen Nam Hai said that among each type of coffee exported from November 2022 - November 2023, Robusta coffee accounts for the highest proportion with 1.49 million. tons, worth 3.3 billion USD, Arabica green ...

Source: Danviet