Update coffee prices on September 7, 2020 – Today’s coffee prices
Domestic coffee prices
According to the website tintaynguyen.com, coffee prices in the Central Highlands provinces are unchanged from the previous day, the price ranges from 33,300 to 33,000 VND / kg.
Specifically, coffee prices in Bao Loc, Lam Ha (Lam Dong) were unchanged from the end of last week, at 33,400 VND / kg, similar to the price of coffee in Di Linh at 33,300 VND / kg. The price of coffee at Ea H’leo, Buon Ho (Dak Lak) was stable at 33,800, at Cu M’gar at 34,000 VND / kg.
Similarly, coffee prices in Gia Lai (Chu Prong, Pleiku and Ia Grai) have stabilized again with prices ranging from VND33,700 / kg. In addition, the price of coffee in Dak Nong including Dak R’lap and Gia Nghia was around 33,600 – 33,700 VND / kg. In Kon Tum (Dak Ha) currently selling 33,600 VND / kg.
The price of R1 coffee delivered at the port of Ho Chi Minh City is the most in the region at 35,200 VND / kg.
The price of coffee in the world market
In the world market increased, the price of Robusta coffee online in London delivered in September 2020 increased by 0.39% to 1,532 USD / ton.
While in New York, arabica coffee prices in September 2020 increased by 2.43% to 134.8 US cents / pound.
On the London trading floor, on August 29, 2020, the price of robusta coffee for delivery in September 2020 and November 2020 increased by 13.2% and 5.2%, respectively, compared to July 30, 2020, up level 1,522 USD / ton and 1,429 USD / ton; futures for delivery in January 2021 and March 2021 increased by 4.7% and 4.5% compared to July 30, 2020, to $ 1,436 / ton and $ 1,448 / ton.
On the New York Stock Exchange, on August 29, 2020, the price of arabica coffee for delivery in September 2020 and December 2020 increased by 13% and 9.4% respectively compared to July 30, 2020, up to 127.1 Uscent / lb and 126.35 Uscent / pound; futures for delivery in March 2021 and May 2021 increased by 8.8% and 9.3%, respectively, compared to July 30, 2020, to Uscent 127.25 / lb and Uscent 128.45 / pound.
According to estimates, coffee exports in 8/2020 reached 110 thousand tons, worth $ 197 million, down 0.03% in volume, but up 0.2% in value compared to July 2020, compared to the month. 8/2019 decreased 3.6% in volume and 0.02% in value.
Generally for the first 8 months of 2020, coffee exports were estimated at 1.16 million tons, worth $ 1.98 billion, and down 1.3% in both volume and value over the same period in 2019, according to the Import and Export Department.