Coffee prices in Vietnam on September 13: Two exchanges adjusted downward, hovering around the threshold of 66,000 VND/kg

Published 2023년 9월 13일

Tridge summary

Coffee prices on both the ICE Europe - London exchange and ICE US - New York floor weakened at the end of the trading session. The decrease in prices was influenced by the recovery of the DXY, concerns about supply shortages, and higher-than-expected coffee exports in Vietnam in August. The International Coffee Organization expects another year of deficit in the coffee market, with a shortfall of 7.3 million bags in the 2022/23 crop year.

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

Original content

At the end of the trading session, Robusta coffee prices on the ICE Europe - London exchange reversed and weakened. November spot futures decreased by 9 USD, to 2,430 USD/ton and January 2024 futures decreased by 11 USD, to 2,336 USD/ton, slight decreases. Trading volume is average. Similarly, Arabica coffee prices on the ICE US - New York floor also reversed and weakened. December spot futures decreased 0.85 cents, to 152 cents/lb and March 2024 futures decreased 0.70 cents, to 153.15 cents/lb, slight decreases. Trading volume is above average. The price of green coffee in the Central Highlands provinces today decreased by 200 VND, fluctuating in the range of 64,900 - 65,800 VND/kg. The lowest price in Lam Dong has left the level of 65,000 VND/kg and the highest price in Dak Nong also lost the mark of 66,000 VND/kg. Coffee futures prices adjusted downward on both markets after a trading session with DXY recovering significantly, causing difficulties for commodity and stock prices ...

Source: Danviet