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World coffee price today on March 29, 2023 where Vietnam's market fell simultaneously

Raw Common Coffee Bean
Vietnam
Published Mar 29, 2023

Tridge summary

World coffee prices today 29/3 Coffee prices today 29/3 in the world market simultaneously decreased at both major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in May 2023 turned oil down by 29 USD/ton (equivalent to 1.31%), to 2,185 USD/ton. And the price of coffee delivered in July 2023 on this floor decreased by 24 USD/ton (equivalent to 1.11%), at 2,142 USD/ton. The price of Arabica coffee on the New York Stock Exchange delivered in May 2023 fell sharply by 3.15 cents/lb (equivalent to 1.78%), to 173.75 cents/lb. For the delivery term in July 2023, the price of coffee on this floor is also down 3.15 cents/lb (equivalent to 1.79%), at 173.00 cents/lb. World coffee prices today continued to fall for the 2nd consecutive session on the New York Stock Exchange and turned back down on the London floor. The reason for this decline was due to the closing session of trading positions on both exchanges. However, in recent sessions, the price squeeze phenomenon continued to take place when coffee delivered in the near future was higher than the price for delivery in the distant month.

Original content

World coffee price today 29/3 Coffee prices today on March 29 in the world market simultaneously decreased at both major exchanges. At the time of the survey, the price of Robusta coffee on the London floor for delivery in May 2023 turned oil down by 29 USD/ton (equivalent to 1.31%), to 2,185 USD/ton. And the price of coffee delivered in July 2023 on this floor decreased by 24 USD/ton (equivalent to 1.11%), at 2,142 USD/ton. The price of Arabica coffee on the New York Stock Exchange delivered in May 2023 fell sharply by 3.15 cents/lb (equivalent to 1.78%), to 173.75 cents/lb. For the delivery term in July 2023, the price of coffee on this floor is also down 3.15 cents/lb (equivalent to 1.79%), at 173.00 cents/lb. World coffee prices today continued to fall for the 2nd consecutive session on the New York Stock Exchange and turned back down on the London floor. The reason for this decline was due to the closing session of trading positions on both exchanges. However, in recent ...
Source: Agriculture
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