Domestic coffee prices rebound
The domestic coffee market recorded a slight increase of 400 VND/kg. The purchase price in the areas is as follows:
Dak Nong: 134,000 VND/kg (+500 VND).
Dak Lak, Gia Lai: 133,900 VND/kg (+400 VND).
Lam Dong: 132,900 VND/kg (+400 VND).
Coffee products fluctuate constantly, increase and decrease alternately but are still anchored at a high level.
World coffee prices increase and decrease alternately
On the London Stock Exchange, Robusta prices reversed and increased:
January term: 5,515 USD/ton (+18 USD, equivalent to +0.33%)
7: 5,504 USD/ton (+22 USD, equivalent to +0.40%)
On the other hand, Arabica prices on the New York exchange fell:
Monthly term: 390.15 cents/lb (1.90 cents, equivalent to -0.48%).
Monthly term: 385.30 cents/lb (-0.05 cents, equivalent to -0.01%)
Reasons for continued large fluctuations in coffee prices
Concerns about reduced supply from Vietnam and Indonesia have helped the world Robusta coffee price increase sharply, creating opportunities for Vietnamese coffee export businesses. In addition, major markets such as the US and Europe continue to increase coffee imports, especially Robusta to serve the production of instant coffee.
Vietnam is entering the main season, high prices help people in growing areas to be excited, focus on harvesting activities, contributing to increasing income.
Coffee price forecast
In the short term, domestic coffee prices tend to decrease as large coffee growing regions in Vietnam and Brazil - the world's leading coffee producing countries - are entering the peak harvest period. In the international market, Robusta prices are expected to maintain an upward trend in supply concerns, while Arabica prices may continue to be under downward pressure in some terms.
