Update coffee prices on 17/11/2020: the most shocking price increase of the year

Coffee prices on 17/11 in Vietnam suddenly increased sharply, the highest level since the beginning of the year. At two exchanges London and New York, coffee prices increased shockingly.

Updated world coffee prices on 17/11

On the world market, coffee prices today on November 17 continued to rise hot in both major exchanges.

At the end of last week’s session (Vietnam time), Robusta coffee price delivered in November 2020 in London increased by 32 USD / ton (2.3%), trading at 1,426 USD / ton; delivery in 3/2021 increased by 30 USD at 1,449 USD / ton.

At the floor of New York in the US, Arabica coffee prices delivered in December 2020 increased 6.4 cents / lb (5.86%) at 115.65 cents / lb, delivered in March 2021 increased by 6.55 cents / lb. (8.84%) to 118.75 cents / lb.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
11/20 1426 +32 +2.30 31 1426 1406 1406 1394 1138
01/21 1440 +30 +2.13 9980 1443 1406 1410 1410 41192
03/21 1449 +30 +2.11 5971 1451 1417 1419 1419 30746
05/21 1457 +27 +1.89 2246 1460 1427 1430 1430 13373

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 115.65 +6.40 +5.86 12858 116.2 109.8 109.95 109.25 27031
03/21 118.75 +6.55 +5.84 36657 119.3 112.8 113.05 112.2 113445
05/21 120.55 +6.45 +5.65 8933 121.05 114.35 114.35 114.1 41730
07/21 122.15 +6.40 +5.53 4055 122.65 116.4 116.6 115.75 33351

Source: giacaphe.com

Currently, Hurricane Iota is causing heavy damage to the major Arabica producing countries in the Americas, making transactions on the New York floor volatile. The weak dollar and the optimistic recovery signal from major economies pushed coffee prices up strongly.

Thus, coffee prices today on 17/11/2020 in the world market increased sharply in both markets in the context of a weak dollar.

Update prices of coffee beans in the country on 17/11

Coffee prices on 17/11 in the domestic market are also increasing strongly according to the world market. Coffee prices in the Central Highlands increased the most since the beginning of the year.

Specifically, the price of coffee in Di Linh district (Lam Dong) purchased at 33,900 VND / kg, in Bao Loc district (Lam Dong) and Lam Ha (Lam Dong) at the same level at 33,900 VND / kg.

In Cu M’gar district (Dak Lak), the coffee price today remained stable at 34,000 VND / kg. In Ea H’leo (Dak Lak) and Buon Ho districts (Dak Lak), the coffee price is holding at 34,500 VND / kg.

At Gia Nghia and Dak R’lap in Dak Nong province, the coffee price today is buying at 34,400 VND / kg.

In Gia Lai province, the price of Chu Prong coffee today is 34,300 VND / kg, in Pleiku and La Grai the same price is 34,400 VND / kg. Coffee prices in Kon Tum today increased at 34,400 VND / kg.

Raw Coffee Average price Change
FOB (HCM) 1,575 Differential: +135
Đắk Lăk 34,500 +600
Lâm Đồng 34,000 +600
Gia Lai 34,400 +600
Đắk Nông 34,400 +600
Pepper 56,000 0
USD/VND 23,090 0

Unit: VND/kg|FOB: USD($)/ton

Source: giacaphe.com

For export, roasted and instant coffee is also favored by many countries around the world, so the export turnover also increases, accounting for 12% of the country’s total export volume.

It is expected that this year, Vietnam’s coffee exports will reach about 1.3 million tons with an export turnover of more than $ 2 billion.

Thus, coffee prices today 11/17/2020 in the domestic market are trading around 33,900 – 34,500 VND / kg.

Source: nongnghiep.vn

Update daily coffee prices at: update coffee prices

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