Coffee price in Vietnam on January 6, 2024, increased to 68,000 VND/kg

Published 2024년 1월 6일

Tridge summary

On January 6, 2024, world coffee prices continued to fluctuate, with Robusta prices increasing on the London exchange while Arabica prices decreased on the New York floor. In Vietnam, domestic coffee prices also increased to around 67,200 - 68,200 VND/kg due to supply scarcity and high demand. The country's coffee production for the 2023/24 crop year is expected to decrease compared to the previous year, leading to a challenging crop for the world coffee industry.

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

Original content

Coffee price today 6/1 in the world Around the world, the London and New York exchanges on January 6 continued to fluctuate in opposite directions In particular, the price of Robusta on the London exchange for delivery in January 2024 increased by 9 USD; increased to 3,003 USD/ton. And the March 2024 delivery term on this exchange increased slightly by 9 USD; at 2,795 USD/ton. On the New York floor, the price of Arabica delivered in March 2024 decreased sharply by 2.75 cents; down to 182.80 cents/lb. And the May 2024 delivery term decreased by 2.4 cents; at 181.10 cents/lb. World coffee prices today continue to increase on the London floor as concerns about supply continue. Meanwhile, Arabica prices on the New York floor dropped sharply when there was news of rain in Brazil and the USD continued to recover. At the time of the survey, the DXY index measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased to 102.43. Thus, world coffee prices ...

Source: Agriculture