Coffee prices September 4: Coffee prices are still falling, the domestic market is quiet

Published 2024년 2월 22일

Tridge summary

Global coffee prices have seen a decrease, with Robusta coffee in London and Arabica coffee in New York priced at 2,482 USD/ton and 151.90 US cents/pound respectively. However, prices are expected to rise due to potential changes in the US Federal Reserve's monetary policy. In Vietnam, green coffee prices remain stable, with the highest price in Dak Nong at 66,600 VND/kg. The article also highlights the importance of proper fertilization for coffee trees to prevent leaf blight disease, emphasizing the role of sulfur and organic fertilizers in maintaining the health and growth of coffee plants.

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

Original content

According to records, coffee prices on the world market decreased. Specifically, the online price of Robusta coffee in London delivered in November 2023 was recorded at 2,482 USD/ton after a decrease of 0.28% (equivalent to 7 USD). The price of Arabica coffee delivered in December 2023 in New York was at 151.90 US cents/pound after a decrease of 1.68% (equivalent to 2.6 US cents) at the time of the survey at 2:42 p.m. (Vietnam time). . The price of green coffee in the Central Highlands market today is flat. In particular, localities are purchasing coffee at prices ranging from 65,700 - 66,600 VND/kg. Accordingly, Lam Dong province has the lowest price of 65,700 VND/kg. Next is Gia Lai province with 66,000 VND/kg. At the same time of the survey, Dak Lak province had a purchasing price of 66,400 VND/kg. Dak Nong recorded a transaction level of 66,600 VND/kg - the highest among the surveyed localities. World coffee prices are forecast to increase again with the possibility that the ...

Source: Danviet