Vietnam: On September 12, coffee prices suddenly reversed and skyrocketed, this is the reason

Published 2023년 9월 12일

Tridge summary

The prices of Robusta and Arabica coffee have increased significantly on various exchanges, supported by factors such as a weaker USD and positive economic indicators. However, concerns about the supply of Robusta coffee and the spread of wilting disease on coffee plants have had a negative impact on the market. Various drugs are available on the market to treat coffee seedling wilt disease, including Aliette 800WG, Bisomin 2SL, Diboxylin 8SL, Strepgold 70WP, and Biobac 50WP.

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

Original content

At the end of the first trading session of the week, the price of Robusta coffee on the ICE Europe - London exchange reversed and skyrocketed. November spot futures increased by 32 USD, to 2,439 USD/ton and January 2024 futures increased by 36 USD, to 2,347 USD/ton, strong increases. Trading volume is average. Similarly, Arabica coffee prices on the ICE US - New York floor have the same increasing trend. December spot futures increased by 4.20 cents, to 152.85 cents/lb and March 2024 futures increased by 4.05 cents, to 153.85 cents/lb, strong increases. Trading volume is very high above average. The price of green coffee in the Central Highlands provinces today increased again by 600 VND, fluctuating in the range of 65,100 - 66,000 VND/kg. Accordingly, Lam Dong province has the lowest price of 65,100 VND/kg. Next is Gia Lai province with 65,500 VND/kg. At the same time of the survey, Dak Lak province had a purchasing price of 65,800 VND/kg. Dak Nong recorded a transaction level of ...

Source: Danviet