Positive signal for the coffee industry globally

Published 2023년 4월 6일

Tridge summary

The price of green coffee beans in the domestic market in Vietnam has been increasing, with a range of 49,000-49,400 VND/kg, due to a rise in output costs and concerns about a potential supply shortage of coffee globally. Arabica coffee prices have seen a strong rebound, supported by declining inventories, and Robusta prices have also increased. Meanwhile, raw sugar prices have hit a new record high due to concerns about a supply shortage. In contrast, palm oil prices have dropped due to profit-taking pressure, despite expectations of low inventory levels in Malaysia.

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

Original content

On the domestic market, recorded this morning on April 6, the price of green coffee beans in the Central Highlands and southern provinces continued to extend the upward trend. Accordingly, domestic coffee is purchased in the range of 49,000-49,400 VND/kg; 400 VND/kg increase compared to yesterday. Thus, the domestic coffee price has increased by 1,300 VND/kg in 1 month. Compared to the beginning of this year, domestic coffee has even increased strongly by about 8,800 VND/kg. This is a very positive signal for domestic coffee growers when the cost of output products is increasing day by day. World coffee prices rise At the end of the trading session on April 5, the green color continued to dominate the price list of industrial raw materials. Notably, when the two coffee products rebounded strongly thanks to the support from the fear of shortage of supply. Arabica coffee rebounded more than 3% thanks to support from inventories continued to decline. According to ICE's daily report, ...

Source: Baochinhphu