News

Coffee prices in Vietnam on February 25, slightly fluctuate during the week

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Feb 26, 2024

Tridge summary

Despite a decline in Robusta coffee prices on ICE Europe - London and Arabica coffee on the ICE US - New York floor, domestic coffee prices in Vietnam saw a slight increase. This drop in prices is due to strong sales from Brazil, the world's leading coffee producer and exporter, as they prepare to harvest the new crop. Furthermore, a 67.45% increase in Vietnam's Robusta coffee exports in January compared to the same period last year has led to funds and speculation accelerating the liquidation of net positions.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

At the end of the weekend trading session, Robusta coffee prices on ICE Europe - London continued to decline. March delivery futures decreased another 127 USD, to 3,047 USD/ton and May delivery futures decreased another 83 USD, to 3,030 USD/ton, very sharp drops. Trading volume remains quite high above average. Similarly, the price of Arabica coffee on the ICE US - New York floor also continued to decline. May delivery futures decreased another 2.85 cents, to 180.30 cents/lb and July delivery futures decreased another 3.05 cents, to 179.05 cents/lb, quite good decreases. Trading volume is very high above average. Domestically, coffee prices today February 25 range from 80,900 - 81,500 VND/kg. Coffee prices last week generally increased, then decreased simultaneously at the end of the week. Although the reference price on the London floor decreased, the overall domestic coffee price this week still increased slightly from 100 - 500 VND/kg. In Di Linh, Lam Ha, Bao Loc districts (Lam ...
Source: Danviet
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