Coffee prices on September 11, 2020 – Coffee prices today
Coffee prices on September 11 in the Central Highlands and the South increased slightly by 100-300 VND / kg, prices ranged from 32,900 to 33,600 VND / kg.
Domestic coffee prices on September 11
According to information from the website tintaynguyen.com, the price of coffee beans in the Central Highlands provinces increased by 100-300 VND / kg, the price ranged from 32,900 to 33,600 VND / kg.
Specifically, the price of coffee in Bao Loc, Lam Ha (Lam Dong) increased by 200 VND / kg to 33,000 VND / kg, Di Linh increased by 100 VND / kg to 32,900 VND / kg.
The price of coffee at Ea H’leo (Dak Lak) increased by 200 VND / kg to 33,400 VND / kg and Cu M’gar increased by 300 VND / kg to 33,600 VND / kg. Similarly, coffee prices in Gia Lai (Pleiku and Ia Grai) increased by 300 VND / kg to 33,300 VND / kg.
Coffee prices in Dak Nong also increased by 300 VND / kg in Gia Nghia to 33,300 VND / kg and Dak R’lap increased by 100 VND / kg at 33,200 VND / kg, Kon Tum increased by 100 VND to 33,200 VND / kg.
At the port of Ho Chi Minh City, R1 coffee prices increased by 200 VND / kg to 34,900 VND / kg.
World coffee prices on September 11
In the world market increased, the price of Robusta coffee online in London delivered in November 2020 increased by 0.49% to 1,423 USD / ton.
While in New York, arabica coffee prices in December 2020 increased by 2.21% to 131.7 US cents / lb.
According to a report by the World Coffee Organization (ICO), Vietnam is the largest coffee producer in Asia & Oceania with production in 2019-2020 estimated to increase 0.7% to 31, 5 million bags.
This is due to the fact that the coffee harvest in Vietnam ended before the global pandemic broke out, and new varieties of crops that offer higher yields and the prices of crops like less competitive pepper. .
Indonesia’s coffee output is estimated to increase 16.5% to 11.2 million bags due to favorable weather and stable robusta prices.
Production of the next two largest producers in the region, India and Papua New Guinea are expected to decline 2.5% and 19.2%, respectively, to 5.85 million bags and 752,000 bags.
Total coffee exports of the region in the first 10 months of the year reached 34.1 million bags, 4.2% lower than the same period in the 2018/19 season due to strong competition in international markets.
Update daily coffee prices at: update coffee prices