Coffee price in Vietnam today, March 18, 2023: A sharp drop of 800 VND/kg

Published 2023년 3월 18일

Tridge summary

World coffee prices on March 18, 2023, fell sharply on both major exchanges due to concerns about the global banking crisis, strong selling sentiment before the new harvest in Brazil and Indonesia, and a hot trading session. The price of Robusta coffee in London for May delivery fell by 1.90%, and Arabica coffee for the same period on the New York Stock Exchange fell by 1.92%. The domestic market in Vietnam also saw a sharp decrease, with coffee prices falling from 47,000 VND/kg to 46,000 VND/kg in a day.

Additionally, the article mentions a recent increase in London's inventory report and a more positive supply outlook in leading exporting countries, Brazil and Colombia, which may continue to put downward pressure on prices. The domestic coffee price list as of March 18, 2023, shows prices ranging from 46,000 VND/kg to 46,400 VND/kg across various regions in Vietnam.

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

Original content

World coffee price today 18/3 Coffee prices today, March 18, in the world market, dropped sharply on both major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in May 2023 fell sharply by 40 USD/ton (equivalent to 1.90%), to 2,064 USD/ton. And the price of coffee delivered in July 2023 on this floor is also down to 39 USD/ton (equivalent to 1.86%), at 2,054 USD/ton. The price of Arabica coffee on the New York Stock Exchange for delivery in May 2023 fell sharply by 3.45 cents/lb (equivalent to 1.92%), to 176.60 cents/lb. For the delivery term in July 2023, the price of coffee on this floor decreased by 3.30 cents/lb (equivalent to 1.85%), at 175.45 cents/lb. World coffee prices today dropped sharply after a hot session yesterday in the context of investors rushing to move money in due to concerns about the global banking crisis. Besides, the strong selling sentiment before the new harvest in Brazil and Indonesia also made the 2 ...

Source: Agriculture