World coffee and pepper market on March 27 where Vietnam's coffee increased sharply according to world prices

Published Mar 27, 2023

Tridge summary

Coffee and pepper prices in Vietnam and global markets have been fluctuating due to factors such as changes in USD interest rates, supply slowdowns in Indonesia and Brazil, and increased demand from China. Despite these fluctuations, trade volume remains low as investors wait for more direction. Coffee prices have increased significantly in Vietnam and on international exchanges, while pepper prices remain unchanged with a decrease in Vietnam's new crop output and increasing demand from China.

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

Original content

Coffee In the domestic market, coffee price inched up 200 dong after a strong increase of 1,000 dong/kg in the last session of the week. Lam Dong has the lowest price; Dak Lak and Gia Lai closed at the highest level; Dak Nong is priced at 48,500 VND/kg. In the world market, the price of coffee on the two exchanges increased sharply. Robusta price for May 2023 on the London floor increased by 65 USD, or 3.06%, to 2,189 USD/ton. The price of arabica for delivery of the same term on the New York Stock Exchange added 4.95 cents, or 2.84%, to close at 179.25 US cents/lb. For the whole 12 week, robusta prices increased by all 6.06%, arabica prices increased by 1.5%, significant increases. Price of Robusta coffee in London Unit: USD/Ton | Trading unit: lot = 10 tons Coffee maker's forum Price of Arabica coffee in New York Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~ 0.45Kg | Trading unit: lot Coffee maker's forum Price of Brazilian Arabica coffee at BMF Unit: USD Cent/lb | ...

Source: Vinanet