Coffee market in Vietnam today March 23: Exporters face logistical difficulties

Published 2022년 3월 23일

Tridge summary

Coffee prices in the domestic market of Vietnam saw a slight decrease, while on the world market, robusta coffee prices fell by 0.23% to 2,170 USD/ton, and arabica coffee prices increased by 0.2% to 225.1 US cents/lb. The article highlights the potential for Vietnam to increase coffee exports to the EU, especially to the top 5 markets, due to favorable export tax rates and a increase in the supply of high-quality coffee. However, coffee exporters are facing logistical difficulties with containers of coffee being stranded in international waters.

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 decreased slightly by 100 VND in key growing areas. At the port of Ho Chi Minh City, export grade 2 robusta, 5% black broken rate at 2,225 USD/ton (FOB), difference +55 USD/ton. Coffee prices 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 2022 on the London floor decreased by 5 USD, or 0.23%, to 2,170 USD/ton. The price of arabica for delivery of the same term on the New York Stock Exchange had the opposite situation with an increase of 0.45 cents, or 0.2%, to 225.1 US cents/lb. Price of Robusta coffee in London Coffee maker's forum Unit: USD/Ton | Trading unit: lot = 10 tons Price of Arabica coffee in New York Coffee maker's forum Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~ 0.45Kg | Trading unit: lot Price of Brazilian Arabica coffee at BMF Coffee ...

Source: Vinanet