COFFEE PRICE 26/06: STRONGLY INCREASED 700 VND/KG

COFFEE PRICE 26/06: STRONGLY INCREASED 700 VND/KG
Date Submitted: 26/06/2023 03:30 PM

Specifically, the price of coffee today in Bao Loc district (Lam Dong) is at 32,900 VND/kg, the price of coffee in Di Linh, Lam Ha is low at 33,000 VND/kg. Coffee prices today in Cu M'gar (Dak Lak) and Ea H'leo (Dak Lak) districts range from 33,900 to 34,100 VND/kg. In Buon Ho district, the price of coffee is 33,800 VND/kg.

Coffee price at Ia Grai - Gia Lai today is at 34,100 VND/kg. The price of coffee in Dak Ha Kon Tum and Gia Nghia (Dak Nong) is 33,900 VND/kg.

Opening today's session, the price of Robusta coffee on ICE Europe - London increased sharply. Robusta coffee futures price in London delivered in September 2019 is increasing by 33 USD/ton (an increase of 2.32%) standing at 1,455 USD/ton. While in New York, the price of arabica coffee in September 2019 increased by $4.45/ton, standing at 107.45 cents/lb.
According to the Import-Export Department, in the 10 days of mid-June, the domestic coffee price fell in line with the world price trend. Compared to June 10, the domestic price of Robusta coffee beans decreased from 2.7 to 4.6%, compared to May 31, decreased from 3.6 to 5.8%.

Specifically, on June 20, the lowest price of green coffee beans was 30,900 VND/kg in Di Linh and Lam Ha districts, Lam Dong province; the highest is 32,200 VND/kg in Dak Ha district, Kon Tum province. At warehouses around Ho Chi Minh City, Robusta coffee grade R1 decreased 3.2% compared to June 10 and 4.1% compared to May 31, to 33,100 VND/kg.

According to statistics from the General Department of Customs, coffee exports in the first half of June reached 75 thousand tons, worth 124.66 million USD, up 17.2% in volume and 19.6% in value compared to the second half of the year. the beginning of May, but decreased by 8.5% in volume and 20.6% in value compared to the first half of June 2018.

Accumulated from the beginning of the year to the middle of June, coffee exports reached 851.7 thousand tons, worth $ 1.454 billion, down 11.2% in volume and down 21.5% in value over the same period in 2018.

The average export price of coffee in the first half of June reached USD 1,662/ton, up 2.0% compared to the first half of May, but down 13.2% compared to the first half of June 2018. Accumulated from the beginning of the year to the middle of June, the average export price of coffee reached 1,708 USD/ton, down 11.6% over the same period in 2018.

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