Vietnam's main coffee variety hits record high in just one week

Published Sep 16, 2024

Tridge summary

The price of Robusta coffee on the London floor saw a significant increase, reaching 190 USD/ton for November delivery, the highest level of the session at 5,281 USD/ton, a rise of 204 USD/ton from the beginning of the week. The price for January 2025 delivery also increased to nearly 5,000 USD/ton. However, domestic coffee prices in Vietnam did not rise at the same pace, increasing only by 5,500 - 6,000 VND/kg. The increase in world coffee prices is due to increased consumption demand and scarce raw materials, while the domestic prices remain stabilized after a previous increase. Forecasts suggest that coffee prices for the coming season will be around 120,000 - 130,000 VND/kg and are expected to hardly decrease.

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

Original content

At the end of this trading week, on September 14, the price of Robusta coffee on the London (UK) floor had a shocking increase, up to 190 USD/ton, bringing Robusta coffee futures for November delivery to 5,267 USD/ton; the highest level of the session was up to 5,281, an increase of 204 USD/ton. At the beginning of the week (September 9), the price of Robusta coffee was at 4,770 USD/ton for November delivery. Thus, in just 1 week, the price of coffee, of which Vietnam is the world's number 1 supplier, has increased by nearly 500 USD/ton. For the January 2025 delivery period, the price of Robusta coffee also increased to nearly 5,000 USD/ton, at 4,998 USD/ton, an increase of 443 USD/ton. While world coffee prices continuously set new peaks, domestic coffee prices increased more slowly, with the increase for the whole week being only 5,500 - 6,000 VND/kg, up to about 124,000 VND/kg, about 10,000 VND/kg lower than the peak in April. Explaining the sharp increase in world coffee ...

Source: Vietstock