Domestic coffee prices continue to increase
The domestic coffee market continued to increase slightly with an adjustment of 300 - 500 VND/kg. Compared to the beginning of the week, coffee prices have increased by about 1,500 VND/kg.
Currently, coffee purchase prices in localities are as follows:
World coffee prices fluctuate in different directions
On the London Stock Exchange, Robusta coffee prices recovered slightly after the previous decline. Meanwhile, Arabica prices on the New York exchange were adjusted down slightly.
Causes affecting coffee prices
Current coffee prices are affected by many factors:
Supply from Brazil and Vietnam: Although supply is abundant, sales tend to slow down as farmers expect prices to continue to increase.
Activities of hedge funds: hedge funds limit sell-offs, helping the market to be more stable.
Robusta inventories fall: ICE-supervised Robusta coffee inventories have fallen to a two-month low, creating momentum for prices to increase.
USD Index: The fluctuations of the USD affect the prices of goods, including coffee.
Coffee price forecast
According to experts, coffee prices may continue to fluctuate in the short term due to continued supply pressure. However, in the medium term, the market can recover when consumption demand increases again and supply shows signs of decreasing.
