Coffee market on September 12, USDA forecasts that Vietnam's exports will reach the lowest level in 3 crop years

Published Sep 12, 2023

Tridge summary

In the domestic market, coffee prices in key regions of Vietnam increased to an average price of 65,600 VND/kg, with Dak Nong having the highest price at 66,000 VND/kg. On the international market, the price of robusta coffee futures in London increased by 32 USD to 2,439 USD/ton, while arabica coffee futures in New York increased by 4.2 cents to 152.85 US cents/lb. Coffee exports in Vietnam for August 2023 decreased by 30.97% compared to the same period last year, and it is forecasted that Vietnam's coffee exports will be at their lowest level in the last 3 crop seasons due to factors such as El Nino and supply shortages in Brazil and Indonesia.

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Original content

Price developments In the domestic market, coffee prices in key regions increased by 600 VND to an average price of 65,600 VND/kg. Dak Nong has the highest price of 66,000 VND/kg, while the remaining provinces of Dak Lak, Lam Dong, and Gia Lai are all below this price. Coffee prices in the Central Highlands provinces Forum of coffee makers On the world market, the price of robusta futures in November 2023 on the London exchange reversed and skyrocketed by 32 USD, equivalent to 1.33% to 2,439 USD/ton. Arabica futures delivery price in December 2023 on the New York exchange increased 4.2 cents, equivalent to 2.83% to 152.85 US cents/lb, after hitting a 3-week low of 147.6 US cents/lb. at the beginning of the trading session. Robusta coffee prices in London Unit: USD/Ton | Trading unit: lot = 10 tons Forum of coffee makers Arabica coffee prices in New York Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~ 0.45Kg | Trading unit: lot Forum of coffee makers Brazilian ...

Source: Vinanet