News

Coffee prices today in Vietnam, March 17: Soaring week, coffee prices set a new peak

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Mar 18, 2024

Tridge summary

Robusta coffee prices on ICE Europe - London have continued to rise, while Arabica coffee prices on ICE US - New York have decreased. In Vietnam, coffee prices have also increased, a trend attributed by the Vietnam Coffee and Cocoa Association to climate change, military conflicts, and financial speculation. Experts predict that Vietnamese coffee prices will remain high due to high global demand and limited supply.
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 the upward trend. The May delivery term increased by 31 USD, to 3,308 USD/ton and the July delivery term increased by 28 USD, to 3,211 USD/ton, quite good increases. Trading volume remains at an average level. On the contrary, the price of Arabica coffee on ICE US - New York floor reversed and decreased. Futures for delivery in May decreased by 0.90 cents, to 182.95 cents/lb and futures for delivery in July decreased by 0.6 cents, to 181.65 cents/lb, slight decreases. Trading volume is above average. Coffee prices in the Central Highlands provinces today fluctuate between 92,400 - 93,200 VND/kg. Coffee prices continued to increase last week. Compared to the beginning of the week, provinces and cities recorded a total increase of 1,700 - 1,900 VND/kg. Specifically, the two provinces of Dak Lak and Gia Lai increased by 1,700 VND/kg and 1,800 VND/kg respectively compared to the beginning ...
Source: Danviet

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