Update coffee prices on September 14, 2020 – Coffee prices today
Coffee prices today (September 14) increased slightly at the beginning of the week by 100-200 VND / kg, ranging from 33,200 to 34,900 VND / kg.
Domestic coffee prices on September 14, 2020
According to tintaynguyen.com, coffee prices today increased slightly by 100-200 VND / kg in the range from 33,200 to 34,900 VND / kg.
Specifically, Ho Chi Minh City still recorded the highest purchase price of 34,900 VND / kg, while Di Linh (Lam Dong) had the lowest transaction at 33,200 VND / kg. In Buon Ho (Dak Lak), Pleiku (Gia Lai) and Lam Ha (Lam Dong) today increased by 200 dong / kg.
At Ea H’leo (Dak Lak), coffee was sold at a price of 33,900 VND / kg, an increase of 100 VND / kg compared to the previous week. Dak Ha (Kon Tum) increased again by 100 VND / kg to reach 33,400 VND / kg.
The remaining localities traded in the range from 33,300 – 33,900 VND / kg.
World coffee prices September 14, 2020
In the world market increased, the price of Robusta coffee online in London delivered in November 2020 increased 0.70% of transactions to 1,433 USD / ton.
While in New York, arabica coffee prices in December 2020 increased 0.57% to 132.45 US cents / pound.
In early September 2020, Robusta and arabica coffee prices fluctuated inconsistently compared to the end of August 2020.
On the London trading floor, on 9/9/2020, the price of robusta coffee delivered in November 2020 futures decreased by 1.3% compared to August 29, 2020, to $ 1,411 / ton; futures for delivery in January 2021 and March 2021 decreased by 0.9% and 0.8%, respectively, compared with August 29, 2020, to $ 1,423 / ton and $ 1,437 / ton.
On the New York Stock Exchange, on 9/9/2020, the price of arabica coffee for the term of December 2020 and March 2021 increased by 1.6% and 5.4%, respectively, compared to August 29, 2020, to 132.1 Uscent / pound and 132.75 US cents / lb; May 2021 term decreased 4.8% compared to August 29, 2020, to 133.5 US cents / pound.
According to a report by the International Coffee Organization (ICO), global coffee exports in July 2020 reached 10.61 million bags, down 11% from July 2019. At the same time, ICO also adjusted its forecast from a global coffee shortage in the 2019/2020 crop year, to a surplus of 952 thousand bags due to the adjustment to increase Brazilian output.