Coffee prices in Vietnam on March 2: Supply shows signs of tightening, Robusta coffee continues to climb to the top

Raw Common Coffee Bean

Vietnam

Market & Price Trends

Published Mar 3, 2024

Tridge summary

Robusta coffee prices on the ICE Europe - London exchange have continued to rise, while Arabica coffee prices on the ICE US - New York floor have decreased. The price of green coffee in Vietnam's Central Highlands provinces has increased, and the country's coffee exports have seen a significant increase in the first two months of 2024, reaching 398 thousand tons, a 16.2% increase from the same period in 2023. The average export coffee price in February 2024 also increased, reaching 3,276 USD/ton, a 7.4% increase from the previous month and a 50.6% increase from the same period in 2023.

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 the ICE Europe - London exchange continued an upward trend. Futures for delivery in May increased by 48 USD, to 3,143 USD/ton and futures for delivery in July increased by 31 USD, to 3,057 USD/ton, quite good increases. Trading volume is above average. On the contrary, the price of Arabica coffee on ICE US - New York floor reversed and decreased. Futures for delivery in May decreased by 1.05 cents, to 183.30 cents/lb and futures for delivery in July decreased by 1.30 cents, to 181.40 cents/lb, slight decreases. Trading volume remains quite high above average. The price of green coffee in the Central Highlands provinces today increased by 300 - 500 VND/kg. Localities are purchasing coffee at prices ranging from 84,500 - 85,200 VND/kg. Specifically, Lam Dong province has the lowest price of 84,500 VND/kg - an increase of 500 VND/kg, followed by Gia Lai province with a price of 84,900 VND/kg - an increase of 400 ...

Source: Danviet