News

Coffee prices in Vietnam today, December 9, 2023: The market turned down slightly

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Dec 9, 2023

Tridge summary

Coffee prices around the world, particularly Robusta on the London exchange and Arabica on the New York exchange, decreased slightly on December 9 due to the USD recovery and speculator selling. The Brazilian Institute of Geography and Statistics (IBGE) adjusted its forecast for the country's harvested coffee output, with Arabica output remaining unchanged and Robusta production increasing slightly. In the domestic market, coffee prices in various provinces of Vietnam decreased slightly on December 9, reaching around 59,700 - 60,600 VND/kg.
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

Coffee prices today December 9 around the world In the world, the London and New York exchanges on December 9 turned down slightly. In particular, the price of Robusta on the London exchange for delivery in January 2024 decreased by 20 USD; down to 2,569 USD/ton. And the March 2024 delivery term on this exchange decreased slightly by 15 USD; at 2,526 USD/ton. On the New York floor, the price of Arabica delivered in March 2024 decreased by 0.35 cents; to 177.15 cents/lb. And the May 2024 delivery term decreased slightly by 0.15 cents; at 175.50 cents/lb. World coffee prices today turned down slightly because the USD continued to recover and speculators sold due to overbought. As of the time of the survey, the DXY index measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased to 103.98. The Brazilian Institute of Geography and Statistics (IBGE) changed its forecast for the country's harvested coffee output of the last crop by 0.7% compared to ...
Source: Agriculture
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