Coffee prices today 11.3: Domestic market increases

Thuận Hiền |

Coffee prices today, March 11, recorded an increase in the domestic market, while world coffee prices fluctuated in different directions.

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:

Gia ca phe trong nuoc hom nay.
Domestic coffee prices today.

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.

Gia ca phe the gioi hom nay.
World coffee prices today.

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.

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