Vietnam: Coffee prices on September 6, 2023, mixed fluctuations

Published 2023년 9월 6일

Tridge summary

On September 6, coffee prices on the London exchange for delivery in November 2023 decreased sharply, while prices on the New York exchange for December 2023 delivery increased. The fluctuations in prices are influenced by factors such as the strengthening USD and heavy rains in key Arabica growing areas of Brazil. In the domestic market, coffee prices in various provinces of Vietnam have decreased compared to the previous day, and efforts are being made to improve competitiveness and meet the demands of importers.

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

Original content

Coffee prices today September 6 in the world Around the world, the London and New York exchanges on September 6 increased and decreased in opposite directions. In particular, the price of Robusta on the London exchange for delivery in November 2023 decreased sharply by 30 USD/ton, down to 2,458 USD/ton. And the January 2024 delivery term on this floor decreased by 24 USD/ton, at 2,367 USD/ton. On the New York floor, Arabica prices delivered in December 2023 increased by 1.55 cents/lb; to 153.45 cents/lb. And the March 2024 delivery futures increased by 1.1 cents/lb; at 154.35 cents/lb. The world market is currently fluctuating in opposite directions, falling sharply on the London stock exchange but returning to increase on the New York stock exchange. The sharp increase in the USD (DXY index at dawn was at 104.76) has put agricultural product prices under downward pressure. However, information about heavy rains in key Arabica growing areas of Brazil has supported this commodity ...

Source: Agriculture