Coffee market in Vietnam today, September 5, 2023: Prices on the London floor are supported by record low inventories

Published 2023년 9월 5일

Tridge summary

After the holiday, domestic coffee prices in key regions of Vietnam increased by 100 VND, reaching an average of 66,300 VND/kg, with the lowest price in Lam Dong and the highest in Dak Nong. On the global market, the price of robusta for November 2023 increased by 1 USD to 2,483 USD/ton, while the price of arabica remained at 151.9 US cents/lb due to the Labor Day holiday in New York. Brazilian coffee exports increased by 41.16% year-on-year in August, while Costa Rican coffee exports decreased by 11.1% in the same period. Rabobank predicts a rebalancing of supply and demand in the coming crop year due to reduced demand and decreased output in Vietnam and Colombia. Additionally, Robusta inventories on the London floor reached their lowest level since 2016.

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

Original content

Price developments In the domestic market, coffee prices in key regions increased by 100 VND after the holiday, reaching an average price of 66,300 VND/kg. The lowest price was fixed in Lam Dong and the highest in Dak Nong. Coffee prices in the Central Highlands provinces Forum of coffee makers On the world market, the price of robusta for November 2023 on the London floor increased by 1 USD, or 0.04%, to 2,483 USD/ton. The price of arabica for delivery in December 2023 on the New York Stock Exchange still closed at 151.9 US cents/lb, due to the Labor Day holiday in New York. For the whole week last week, Robusta prices increased by 1.85% and Arabica prices decreased by 0.82%. 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 ...

Source: Vinanet