Coffee price in Vietnam today, 4/3/2023: Turning around to decrease slightly by 200 VND/kg

Published 2023년 3월 4일

Tridge summary

World coffee prices have decreased at both major exchanges today, with Robusta coffee in London and Arabica coffee in New York experiencing significant drops. The decline is attributed to improved forecasts for wet processed Arabica coffee exports from Central America, strong selling momentum from Brazilian farmers, and high deposit interest rates due to excessive inflation. Domestic coffee prices in Vietnam also saw a slight decrease.

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

Original content

World coffee price today 4/3 Coffee prices today 4/3 in the world market simultaneously decreased at both major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in May 2023 turned to decrease slightly by 18 USD/ton (equivalent to 0.83%), to 2,162 USD/ton. And the price of coffee delivered in July 2023 on this floor decreased by 16 USD/ton (equivalent to 0.74%), at 2,150 USD/ton. The price of Arabica coffee on the New York Stock Exchange delivered in May 2023 fell sharply by 4.35 cents/lb (equivalent to 2.39%), to 177.85 cents/lb. For the delivery term in July 2023, the price of coffee on this floor decreased by 4.20 cents/lb (equivalent to 2.32%), at 177.20 cents/lb. World coffee prices today continued to decline sharply on the New York Stock Exchange and turned down slightly on the London floor after 3 consecutive days of increase. The forecast information that wet processed Arabica coffee exports from producing countries in ...

Source: Agriculture