Vietnam: Coffee price today 5/7, simultaneously reduced by 100 VND/kg

Published 2021년 7월 5일

Tridge summary

The article reports a decrease in Vietnam's coffee prices by 100 VND/kg, with Lam Dong province having the lowest price of 35,000 VND/kg, while Ho Chi Minh City recorded the highest at 37,400 VND/kg. Globally, robusta coffee prices in London adjusted to $1,725/ton, up 0.52%, and arabica coffee prices in New York fell to 152.55 US cents/lb, down 2.21%. In Australia, coffee consumption is projected to grow at a rate of 2.19% per year from 2021 to 2026, with the country consuming approximately 1.87 million bags of coffee per year. The demand for coffee in Australia has surged due to the COVID-19 pandemic, with a preference for a variety of coffee types, especially roasted coffee and instant coffee.

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

Original content

Update coffee prices in the country See more: Coffee price today 6/7 According to tintaynguyen.com, coffee price today decreased by 100 VND/kg compared to last weekend. In which, Lam Dong province recorded the lowest price of 35,000 VND/kg. Next are the provinces of Dak Lak, Gia Lai, Dak Nong and Kon Tum with prices ranging from 35,800 VND/kg to 36,200 VND/kg. Similarly, in Ho Chi Minh City, coffee is currently being purchased at 37,400 VND/kg. This is also the highest price at the moment. Update world coffee prices In the world market, coffee prices continued to adjust in the opposite direction. Accordingly, the price of online robusta coffee in London delivered in July 2021 was recorded at $1,725/ton after increasing 0.52% (equivalent to $9). The price of arabica coffee delivered in July 2021 in New York reached 152.55 US cents/lb, down 2.21% (equivalent to 3.45 US cents) at the time of the survey at 7am (Vietnam time). The Australian coffee market is one of the largest in the ...

Source: Vietnambiz