News

Coffee prices in Vietnam today, November 15, 2023: Prices simultaneously decreased in the domestic market

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Nov 15, 2023

Tridge summary

On November 15, 2023, coffee prices in the world and the domestic market experienced a slight decrease. This decrease was influenced by Brazil's increased coffee exports and Vietnam's new crop supply. However, the downward momentum was limited due to the weakening of the USD. In the domestic market, coffee prices also decreased slightly, putting the agricultural product at risk of falling below the threshold of 59,000 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 November 15 in the world In the world, the London and New York exchanges on November 15 turned down. In particular, the price of Robusta on the London exchange for delivery in November 2023 increased slightly by 29 USD; about 2,474 USD/ton. And the January 2024 delivery term on this exchange decreased by 21 USD; at 2,415 USD/ton. On the New York floor, the price of Arabica delivered in December 2023 decreased by 2.2 cents; down to 176.45 cents/lb. And the March 2024 delivery term decreased by 1.8 cents; at 171.40 cents/lb. World coffee prices turned down after news that Brazil's exports in October 2023 increased by 24%. The market's downward direction is also influenced by Vietnam's new crop supply. However, the downward momentum was limited as the USD continued to weaken. As of the time of the survey, the DXY index measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased to 104.07. The USD fell after US consumer price ...
Source: Agriculture
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