Update on coffee prices on November 21, 2020: coffee prices plummeted

Coffee prices on November 21 fell sharply, simultaneously below 33,000 VND / kg. On the world market, the price of 2-floor coffee decreased.

The price of domestic coffee beans on November 21, 2020

Specifically, in Di Linh district, Lam Ha, Bao Loc (Lam Dong), today’s coffee price is purchased at 32,500 VND / kg.

In Cu M’gar district (Dak Lak), the coffee price was 33,000 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), the coffee price was purchased at the same level of 33,100 VND / kg.

Similarly in Dak Nong province, the purchased coffee price was 32,900 VND / kg at Gia Nghia and Dak R’lap).

In Gia Lai province, coffee prices are at 32,900 VND / kg (Chu Prong), in Pleiku and La Grai are at the same price of 32,900 VND / kg. And the price of coffee in Kon Tum province is purchased at 32,800 VND / kg.

Raw Coffee Average price Change
FOB (HCM) 1,441 Differential:+55
Đắk Lăk 33,000 -100
Lâm Đồng 32,500 -100
Gia Lai 32,900 -100
Đắk Nông 32,900 -100
Pepper 56,000 0
USD/VND 23,090 0
Unit: VND/kg|FOB: USD($)/ton

Thus, the price of coffee today on 21/11 in the country continues to decrease by 100-300 VND / kg in key growing areas.

World coffee prices on November 21, 2020

Meanwhile, at the end of this morning session (Vietnam time), the price of Robusta coffee in London decreased by 5 USD / ton (0.36%) for delivery in 11/2020 at 1,365 USD / ton, delivered in month. 3/2021 decreased by 8 USD at 1,495 USD / ton. Meanwhile, on the floor of New York in the US, the price of Arabica coffee delivered in December 2020 decreased 5.15 cents / lb (4.27%) at 115.5 cents / lb, delivered in March 2021 decreased by 5, 15 cents / lb (4.18%) to 118.05 cents / lb.

Thus, after an impressive increase chain, the price of Arabica coffee on the floor of New York suddenly dropped sharply. The reason is that the Iota storm has melted, along with the weak Brazilian currency that makes traders sell strongly.

Robusta coffee prices (ICE Futures Europe)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
11/20 1365 -5 -0.36 2 1365 1365 0 1370 1101
01/21 1386 -5 -0.36 8425 1405 1374 1392 1391 39979
03/21 1395 -8 -0.57 5488 1418 1387 1405 1403 33155
05/21 1408 -8 -0.56 1412 1429 1400 1419 1416 13834

Arabica coffee prices (ICE Futures US)

Period Fix price Change % Volume High Low Opening Price Yesterday Open interest
12/20 115.5 -5.15 -4.27 114 121.2 114.5 120.55 120.65 1755
03/21 118.05 -5.15 -4.18 26480 124.25 116.75 123.55 123.2 115791
05/21 119.95 -5.10 -4.08 7351 126.1 118.7 125.3 125.05 43164
07/21 121.6 -5.05 -3.99 4901 127.7 120.3 126.95 126.65 34892

Meanwhile, the new crop in Vietnam took place quite slowly due to prolonged rain and storm, causing the fruit to ripen slowly. According to observers, the price of Robusta coffee in Southeast Asia extends the current plus difference in the range of 130 – 160 USD / ton compared to the futures price, showing that there is an irrationality that makes the business world not. salty that brought coffee to the London floor to participate in auction. But with the positive information about the vaccine and the still high demand for instant coffee when the economy has not yet recovered, it will make it difficult for Robusta coffee prices to fall deeply.

Source: Compiled from giacaphe.com, congthuong.vn

Update daily coffee prices at: update coffee prices

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