Vietnam: Coffee and pepper market today, 28/2/2023

Published Feb 28, 2023

Tridge summary

Coffee and pepper prices in the domestic and international markets are reported, with coffee prices in Vietnam reaching a 6-month high before falling slightly, and robusta and arabica prices on the world market also experiencing slight decreases. Despite this, the market remains tight due to limited supply in Brazil and Colombia, and decreasing exchange reserves. Meanwhile, Uganda's coffee exports have increased by 23% compared to the same month last year, contributing significantly to the country's foreign exchange earnings. The pepper market is also showing positive signs, with export prices of Vietnam's pepper being adjusted upwards, indicating good export activities. However, the market is expected to face challenges in March due to decreased purchasing power from import markets, a strong USD, and pressure on new crop farmers.

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

Original content

Coffee In the domestic market, coffee prices lost 200 dong after nearly reaching a 6-month high. Lam Dong has the lowest price at 46,700 VND/kg; Dak Lak has the highest level at 47,200 VND/kg; Gia Lai, Dak Nong settled at 47,100 VND/kg. On the world market, the price of robusta for May 2023 on the London floor lost 18 USD, or 0.84%, down at 2,133 USD/ton. The price of arabica for delivery of the same term on the New York Stock Exchange fell 1.25 cents, or 0.67%, to close at 186.45 US cents/lb. For week 8, Robusta prices increased by 2.53% and Arabica prices increased by 1.05%. 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 | Trading unit: lot Coffee maker's forum Highlights: - The market continues to be underpinned by tight ...

Source: Vinanet