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

Raw Common Coffee Bean

Vietnam

Published Mar 18, 2023

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

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