Coffee price today, daily coffee price
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What is the coffee price today? Coffee is a volatile market, daily monitoring of coffee prices will help farmers and suppliers know the changes so that they can have timely solutions. 43 Factory Coffee Roaster provides you with today’s coffee price. This price will be updated daily, stay tuned!
Coffee price today
Let’s see how the coffee market changes today compared to yesterday.
Price of domestic coffee today
|USD/VND exchange rate||23.340|
FOB is an abbreviated term in English for the phrase Free On Board, which means Disclaimer On the Deck, also known as “Delivered on board”.
In the FOB transaction, the seller needs to pay the freight for loading the goods on board. The transfer of risks takes place when the goods pass the ship’s rail at the port of loading. Internationally, this term indicates the port of loading, for example “FOB New York” or “FOB Hai Phong”. Other costs such as freight and insurance are the responsibility of the buyer.
Coffee prices today in localities
– Coffee price today in Bao Loc: In Di Linh district, Lam Ha, Bao Loc (Lam Dong) coffee price today is purchased at 66.300 VND/kg.
– Coffee price today in Dak Lak: Coffee price today is 66.600 VND/kg in Cu M’gar district (Dak Lak), 66.500 VND/kg in Ea H’leo district (Dak Lak), Buon Ho district (Dak province). Lak).
– Coffee price today in Dak Nong province: today’s coffee price is purchased at 66.800 VND/kg in Gia Nghia and 66.700 VND/kg in Dak R’lap.
– Coffee price today in Gia Lai is 66.400 VND/kg (Chu Prong), in Pleiku and La Grai the price is 66.300 VND/kg.
– Coffee price today in Kon Tum province reached 66.400 VND/kg
=> Domestic coffee price today June 28 at 66.500 VND/kg, increased by 100 VND/kg compared to yesterday’s coffee price.
World coffee price market today 28/6
At the end of the latest trading session, the price of Robusta coffee in London delivered in September 2023 increased by 5 USD/ton at 2,715 USD/ton, delivered in November 2023 decreased by 5 USD/ton at 2,623 USD/ton.
On the New York Stock Exchange, the price of Arabica coffee delivered in September 2023 increased by 1.8 cents/lb, at 166.95 cents/lb, delivered in December 2023 increased by 1.75 cents/lb, at 165.4 cents. /lb.
=> Supply is still scarce, and the report of the London stock exchange’s 6th consecutive week of decline continues to support Robusta coffee prices. The fall of the dollar helped Arabica recover, thereby pushing Robusta delivered in July 2023 to stand above a 15-year record.
Comment on the price of coffee today
In the country, there are still a few months left to harvest this year’s coffee crop (from September to February next year). The hydrometeorological agency said that this year when El Nino appeared, the heat increased in the summer.
Rainfall will be short on most of the country with a prevalence of 25-50%, even historically Buon Ma Thuot recorded a shortage of 69%. Since then, there is a high risk of local or widespread drought in some regions, including the Central Highlands.
The impact of El Nino on Vietnam will increase in the last months of 2023 and early 2024. The dry season in the Central Highlands and the South is likely to be more severe, drought and saltwater intrusion may occur on a large scale. into this period.
Thus, this year’s harvest is facing adverse weather conditions, leading to reduced productivity, slow release of new crops or adverse effects on the next crop’s care. All of these factors will put a strain on supply, thereby pushing Robusta to continue to increase even while the harvest is in progress, like the same thing happened with pepper earlier this year.
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