Coffee prices on September 12, 2020 – Coffee prices today
Coffee prices on September 12 increased by an average of 300 VND / kg. On the world market, Robusta coffee prices in London are increasing for 3 consecutive days.
Domestic coffee prices on September 12
As noted, the price of coffee beans in key regions of the Central Highlands today continued to increase in line with world coffee prices.
In Di Linh district (Lam Dong), today’s coffee price was purchased at 33,200 VND / kg, an increase of 300 VND / kg compared to yesterday. In Bao Loc district (Lam Dong), Lam Ha (Lam Dong), the price of coffee at 33,200 VND / kg.
In Cu M’gar district (Dak Lak), the coffee price today was at 33,600 VND / kg. Meanwhile, in Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), the coffee price today was purchased at 33,500 VND / kg.
In Dak Nong province, the price of coffee purchased today was at 33,500 VND / kg (Gia Nghia), 33,400 VND / kg (Dak R’lap).
Coffee prices today in Gia Lai at 33,500 VND / kg (Chu Prong), in Pleiku and La Grai at the same price of 33,400 VND / kg.
Today, coffee prices in Kon Tum province are purchased at 33,500 VND / kg.
International coffee prices on September 12
In the latest session, the price of Robusta coffee in London increased by 10 USD / ton (0.7%) for delivery in November 2020, traded at 1,433 USD / ton, delivered in January 2021 increased 9 USD at 1,445.
Meanwhile in the New York floor in the US, the price of Arabica coffee delivered in December 2020 increased by 0.75 cents / lb (0.57%), traded at 132.45 cents / lb, delivered in March 2021 increased 0. , 8 cents / lb (0.6%) to 133.4 cents / lb. Reais (Brazil) fell 0.33%, down to 1 USD = 5,3200 Reais due to the caution of foreign investors and the correction in the US stock market, when the economic stimulus package was to support unemployment level is not approved by the National Assembly.
Coffee futures prices on New York stock exchange strongly recovered after previous consecutive selling-off when short-term profit-taking speculation and especially the market appeared to worry about supply. Meanwhile, London coffee futures prices continued to recover when it was reported that the amount of coffee brought to the auction floor declined again.
Speculators in London are watching the amount of Conilon Robusta coffee exported, after Brazil has just harvested this year’s crop is estimated at 20 million bags and only spend 5 million bags for the global consumption market. Facing the situation of coffee prices continuously fluctuating; It is forecasted that in the near future, coffee prices will reverse movements due to the pressure of contracts for September delivery is about to announce the first delivery date.
In the domestic market, coffee prices increase volatility in line with the world market trend. Compared to July 2020, the price of Robusta coffee in the Central Highlands provinces increased by 800 VND / kg to 32,900 – 33,400 VND / kg. Coffee prices are highest in Dak Lak province and lowest in Lam Dong province. Robusta coffee prices at the FOB Ho Chi Minh City port increased by 0.6% to 34,400 VND / kg.
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