Coffee price in Vietnam today, 7/9/2023

Published 2023년 9월 7일

Tridge summary

On September 7, the price of coffee slightly increased on both the London and New York exchanges. The increase in price was attributed to low inventory in London and heavy rain in Brazil, which hindered the harvest of coffee crops. Additionally, concerns about supply shortages and reduced demand in consuming countries have contributed to the rise in coffee prices.

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

Original content

Coffee price today 7/9 in the world Around the world, the London and New York exchanges on September 7 simultaneously increased slightly. In particular, the price of Robusta on the London exchange for delivery in November 2023 increased by 3 USD/ton, to 2,456 USD/ton. And the January 2024 delivery term on this floor is still down 7 USD/ton, at 2,360 USD/ton. On the New York floor, the price of Arabica delivered in December 2023 increased by 0.35 cents/lb; to 153.80 cents/lb. And the March 2024 delivery futures increased slightly by 0.45 cents/lb; at 154.80 cents/lb. The world coffee market is currently increasing slightly, despite the USD being kept at a high level (DXY index is about to reach 105). The reason was low inventory in London and heavy rain in Brazil. Arabica prices increased due to too much rain in the main coffee growing regions of Southeast Brazil, hindering the harvest of the crop that is in the final stages. As of September 5, Arabica-standard inventory was 28,075 ...

Source: Agriculture