Coffee price on 06/17/2023: Turning to slightly decrease

World coffee price on June 17

Coffee prices on June 17 in the world market simultaneously decreased at both major exchanges.

At the time of the survey, the price of Robusta coffee on the London exchange for delivery in July 2023 decreased by $8/ton (equivalent to 0.29%); to $2,796/ton.

And the price of coffee delivered in September 2023 on this exchange decreased by $10/ton (equivalent to 0.36%), at $2,747/ton.

The price of Arabica coffee on the New York exchange delivered in July 2023 decreased by 2.1 cents/lb (equivalent to 1.12%); to 184.90 cents/lb.

The price of Arabica coffee on the New York exchange delivered in July 2023 decreased by 2.1 cents/lb (equivalent to 1.12%); to 184.90 cents

World coffee prices today turned down slightly after a strong increase yesterday. The fact that the USD turned to rise again has caused this item to be affected and decrease in price.

Yesterday, the London exchange re-established strongly as the dollar fell sharply and inventories fell sharply. On June 15, the inventory of Robusta coffee increased by 170 tons, or 0.22% from a week earlier, down at 78,400 tons (about 1,306,667 bags, 60 kg bags) - a 7-week low.

This shows that the supply of Robusta coffee is still scarce in the short and medium term. This helps assure investors that the price of this coffee item is difficult to fall sharply.

Thus, the price of coffee on 06/17/2023 in the world market increased sharply compared to yesterday.

The price of domestic coffee on June 17

Coffee price on June 17 in the domestic market decreased slightly by VND 100/kg compared to yesterday.

Specifically, the price of Lam Dong coffee (in 3 districts of Di Linh, Bao Loc and Lam Ha) is currently being purchased at VND 66,000/kg.

In Cu M'gar district (Dak Lak), the price of coffee today remained at VND 66,500/kg. In Ea H'leo and Buon Ho districts, today's coffee price in Dak Lak is at VND 66,400/kg.

Coffee prices in Gia Nghia and Dak R'lap of Dak Nong province today were purchased at VND 66,700 and VND 66,600/kg, respectively.

In Gia Lai, the price of coffee in Chu Prong today is at VND 66,200/kg; while at Pleiku and La Grai are holding at VND 66,100/kg.

The price of coffee today in Kon Tum is being purchased at VND 66,000/kg.

Coffee prices in the country today turned down slightly after a hot session yesterday. However, the domestic coffee market is still holding a high threshold, above VND 66,500/kg.

Thus, the price of coffee on 06/17/2023 in the domestic market traded around the threshold of VND 66,000 - 66,700/kg.

$1 = VND 23,330.00 - Source: Vietcombank