Coffee price in Vietnam, September 5: With this concern still intact, Robusta continues to increase, domestic coffee closes to the threshold of VND 67,000/kg

Published 2023년 9월 5일

Tridge summary

Robusta coffee prices on ICE Europe - London floor increased slightly at the end of the first trading session of the week, while Arabica coffee prices remained unchanged due to the closure of the New York market for Labor Day. Green coffee prices in the Central Highlands provinces of Vietnam also saw a slight increase. The market is currently concerned about the impact of the El Nino weather phenomenon on the flowering of the new coffee crop in Brazil, while Rabobank predicts a balanced supply and demand in the following crop year with reduced demand in consuming countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of the first trading session of the week, Robusta coffee prices on ICE Europe - London floor adjusted up. Futures for delivery in November increased by 1 USD, to 2,483 USD/ton and futures for delivery in January 2024 increased by 8 USD, to 2,391 USD/ton, slight increases. Trading volume is very low, rare. Meanwhile, Arabica coffee prices did not change, because the New York market was closed all day, for Labor Day in North America, with no trading. The price of green coffee in the Central Highlands provinces today increased by 100 VND, fluctuating in the range of 65,800 - 66,700 VND/kg. Accordingly, Lam Dong province has the lowest price of 65,800 VND/kg. Next is Gia Lai province with 66,100 VND/kg. At the same time of the survey, Dak Lak province had a purchasing price of 66,500 VND/kg. Dak Nong recorded a transaction level of 66,700 VND/kg - the highest among the surveyed localities. The Robusta - London market traded alone with very low volume due to the impact of ...
Source: Danviet

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