The coffee market in Vietnam is still in a state of supply shortage, which is the new information on coffee prices today

Published Jun 14, 2024

Tridge summary

Vietnam's domestic coffee prices are reaching high levels due to increased prices in global exchanges, driven by weather conditions in Brazil and a global coffee supply shortage. The country's role as a major coffee producer influences global prices. The coffee industry calls for restructuring and brand building to enhance its position in the global market. Factors such as decreased coffee output due to climate change, increased shipping costs, and speculation have contributed to the rise in coffee prices, which is perceived positively by farmers but poses challenges for businesses due to high export prices and low domestic inventory, leading to a decrease in Vietnam's coffee exports.

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

Original content

Domestic coffee prices today are trading around 120,600 - 121,800 VND/kg. Robusta and Arabica prices on two world exchanges recovered, as weather forecasts showed that the possibility of rain will not appear in Brazil's coffee growing regions next week. On the world market, Robusta futures price for September 2024 on the London exchange increased 0.17% to close at 4,093 USD/ton (updated at 11:20 today). Arabica price delivered for the same term on the New York floor increased by 0.62% to close at 226.25 US cents/lb (updated at 11:20 today). Vietnamese coffee plays an important role in the global coffee market, especially with Robusta coffee products. Vietnam is not only one of the world's largest coffee producers, but also influences global coffee prices through its export output. According to Mr. Do Ha Nam, Chairman of the Board of Directors and General Director of Intimex Group Joint Stock Company, for sustainable export, the coffee industry needs to continue to restructure, ...

Source: Danviet