Vietnam: Coffee price increase by 100-200 VND/kg on 2/12/2022

Raw Common Coffee Bean

Vietnam

Published Dec 2, 2022

Original content

World coffee price today 2/12 In the world market, the price of coffee today 2/12 increased and decreased in two major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in January 2023 increased by 5 USD/ton (equivalent to 0.26%), to 1,892 USD/ton. And the price of coffee delivered in March 2023 on this floor is still increasing by 6 USD/ton (equivalent to 0.32%), at 1,855 USD/ton. And the price of Arabica coffee on the New York floor for delivery in March 2023 turned sharply down 2.44 cents/lb (equivalent to 2.44%), to 165.75 cents/lb. For delivery in May 2023, the price of coffee on this floor is also falling 3.65 cents/lb (equivalent to 2.16%), at 166.5 cents/lb. The world coffee market today was mixed with a slight increase on the London floor but a sharp decrease on the New York floor. Robusta coffee continues to gain momentum and is at a 5-week high, in the context of the lowest inventories since 4 years. In addition, the ...

Source: Agriculture

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