Coffee prices in Vietnam today, November 28, 2023: The world market is slightly up

Published 2023년 11월 28일

Tridge summary

Coffee prices increased slightly on November 28, both in the global market and in the domestic market. The increase can be attributed to concerns about supply shortages, especially for Robusta coffee, and the weakening of the USD. In Lam Dong province, which is a key coffee-producing region in Vietnam, coffee prices remained stable, and the province is focusing on building sustainable coffee models and improving quality.

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

Original content

Coffee prices today November 28 in the world Around the world, the London and New York exchanges on November 28 simultaneously increased slightly. In particular, the price of Robusta on the London exchange for delivery in January 2024 increased by 1 USD; increased to 2,546 USD/ton. And the March 2024 delivery term on this exchange increased by 7 USD; increased to 2,478 USD/ton. On the New York floor, the price of Arabica delivered in March 2024 increased by 0.9 cents; up to 169.05 cents/lb. And the May 2024 delivery term decreased slightly by 0.3 cents; at 166.30 cents/lb. World coffee prices increased slightly today despite capital flows shifting from commodity exchanges to gold. Because the market is still worried about supply shortages (especially Robusta products when inventory is low) and the USD is weakening. It is estimated that Vietnam's production in the 2023/2024 crop year will decrease to 27.8 million bags because of unfavorable weather caused by the El Nino phenomenon ...

Source: Agriculture