World coffee market today March 22 where two world exchanges continue the price increase

Published 2023년 3월 22일

Tridge summary

Coffee prices in Vietnam's Central Highlands provinces have increased by 600 VND/kg, with the highest price in Dak Lak. On the world market, robusta coffee for May 2023 in London saw a 2.06% increase, reaching 2,130 USD/ton, while arabica coffee for the same period on the New York Stock Exchange rose by 1.01% to 180.3 US cents/lb. This increase in prices comes after the global market recovered from a potential crisis and ahead of the US Federal Reserve's monetary policy meeting. However, the increase in robusta prices is being countered by increased stocks at the Ice Warehouse, and the recovery of arabica coffee prices is slow due to anticipated shortages. In Brazil, flooding has ended, allowing farmers to cultivate a new coffee crop, and the country's coffee exports in 2022 saw a decrease in volume but an increase in turnover compared to 2021.

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

Original content

Price movements In the domestic market, coffee prices in key areas in the Central Highlands increased by 600 VND/kg. The lowest price in Lam Dong, the highest in Dak Lak; Gia Lai has a price of 47,300 VND/kg, Dak Nong is fixed at 47,200 VND/kg. Coffee price Central Highlands provinces Coffee maker's forum * compared to the reference price of Robusta coffee on the London floor of the previous session On the world market, the price of robusta for May 2023 on the London floor increased by 43 USD, or 2.06%, to 2,130 USD/ton. The price of arabica for delivery for the same term on the New York Stock Exchange added 1.8 cents, or 1.01%, to 180.3 US cents/lb. 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 ...

Source: Vinanet