Vietnam: Coffee market on September 13, ICO forecasts that the world coffee market will have another year of deficit

Published 2023년 9월 13일

Tridge summary

Coffee prices in key regions in the domestic market decreased to an average of 65,400 VND/kg, with the lowest price at 65,000 VND/kg. On the world market, the price of robusta futures in November 2023 on the London exchange decreased by 0.37% to 2,430 USD/ton, and arabica futures for December 2023 delivery on the New York floor decreased by 0.56% to 152 US cents/lb. Despite a global coffee production shortage, roasters have been using more inventory to meet demand.

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Original content

Price developments In the domestic market, coffee prices in key regions reversed and decreased by 200 VND to an average price of 65,400 VND/kg. The lowest price in Lam Dong has left the level of 65,000 VND/kg and the highest price in Dak Nong also lost the mark of 66,000 VND/kg. 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 lost 9 USD, equivalent to 0.37%, to 2,430 USD/ton. Arabica futures price for December 2023 delivery on the New York floor minus 0.85 cents, equivalent to 0.56%, closing at 152 US cents/lb. 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 Arabica coffee price at BMF Unit: USD Cent/lb | Trading unit: lot Forum of coffee makers ...

Source: Vinanet