Coffee price in Vietnam on January 31: Domestic coffee reached 79,000 VND/kg

Published 2024년 1월 31일

Tridge summary

Coffee prices on ICE Europe and ICE US have increased for the sixth consecutive session, with fluctuations in Arabica coffee prices linked to the climate in Brazil and low ICE-certified inventories. Brazil's coffee exports remained stable in 2023, while Vietnam is predicted to see a surge in coffee exports in January 2024. Over the past decade, the EU's green coffee imports have been dominated by Brazil and Vietnam, while Uganda's exports to the EU have increased and Colombia's have decreased. EU roasted coffee imports have decreased, but instant coffee imports have increased, with the UK, Vietnam, India, and Ecuador being the top suppliers.

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

Original content

At the end of the trading session, Robusta coffee prices on ICE Europe - London increased for the sixth consecutive session. The March delivery term increased by 61 USD, to 3,336 USD/ton and the May delivery term increased by 59 USD, to 3,181 USD/ton, quite good increases. Trading volume remains quite high above average. Similarly, Arabica coffee prices on ICE US - New York exchange returned to an upward trend. March delivery futures increased by 4.75 cents, to 194 cents/lb and May delivery futures increased by 4.20 cents, to 190.25 cents/lb, quite good increases. Trading volume remains well above average. Coffee prices in the Central Highlands provinces today increased by 800 - 900 VND/kg. Accordingly, localities are purchasing coffee at prices ranging from 78,000 - 79,000 VND/kg. Lam Dong province has the lowest price at 78,000 VND/kg, followed by Gia Lai province at 78,600 VND/kg, an increase of 800 VND/kg. In Dak Lak and Dak Nong provinces, the price was recorded at 78,700 ...

Source: Danviet