News

Coffee price in Vietnam on March 16, regained the mark of 93,000 VND/kg

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Mar 17, 2024

Tridge summary

Robusta coffee prices on ICE Europe - London continued the upward trend. The May delivery term increased by 31 USD, to 3,308 USD/ton and the July delivery term increased by 28 USD, to 3,211 USD/ton, quite good increases. Coffee prices in the Central Highlands provinces today increased by 1,100 VND/kg in key provinces and cities. Coffee exports of all kinds from Asia and Oceania increased by 47.1% in January to nearly 5.1 million bags.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

At the end of the weekend trading session, Robusta coffee prices on ICE Europe - London continued the upward trend. The May delivery term increased by 31 USD, to 3,308 USD/ton and the July delivery term increased by 28 USD, to 3,211 USD/ton, quite good increases. Trading volume remains at an average level. On the contrary, the price of Arabica coffee on ICE US - New York floor reversed and decreased. Futures for delivery in May decreased by 0.90 cents, to 182.95 cents/lb and futures for delivery in July decreased by 0.6 cents, to 181.65 cents/lb, slight decreases. Trading volume is above average. Coffee prices in the Central Highlands provinces today increased by 1,100 VND/kg in key provinces and cities. Specifically, Lam Dong province raised the purchasing price to 92,100 VND/kg - the lowest in the region. Traders in Gia Lai and Dak Lak are trading at prices of 92,700 VND/kg and 92,800 VND/kg, respectively. The current highest price recorded in Dak Nong province is 93,000 VND/kg. ...
Source: Danviet

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