Coffee price on 07/10/2023: Highest price at VND 66,800/kg

World coffee price on July 10

Coffee price on July 10 in the world market has no new changes in 2 major exchanges.

At the time of the survey, the price of Robusta coffee on the London exchange for delivery in September 2023 was kept at $2,621/ton. And the price of coffee delivered in November 2023 on this exchange is $2,475/ton.

The price of Arabica coffee on the New York exchange delivered in September 2023 continued at 160.90 cents/lb. For the November delivery term, the price of coffee on this exchange is pegged at 160.05 cents/lb.

World coffee prices today are still maintaining stable. Last week, the global coffee market increased sharply.

In which, the London exchange had 2 gaining sessions and 3 decreasing sessions. The price of Robusta coffee for September delivery increased to $ 13/ton. The New York exchange had 3 gaining sessions and 1 falling session. The price of Arabica coffee for September delivery increased by 1.9 cents/lb 

According to experts, the market is still concerned about supply shortages in the short and medium term. The main coffee producers such as Brazil, Vietnam, and Indonesia show signs of exhaustion. Taking advantage of this, investors pushed the price of Robusta to skyrocket in the last session of the week. 

As of the end of last week, the inventory of Robusta coffee certified and tracked by the London exchange had decreased by 14,070 tons, or 19.03% from a week earlier, to registered at 59,880 tons (equivalent to 998,000 tons, 60 kg/bag). 

Experts found that this inventory is at a low level since mid-February 2023. The context of increasing demand for arabica coffee substitutes causes Robusta coffee to be higher. 

Thus, the price of coffee on 07/10/2023 in the world market remained stable compared to yesterday.

Domestic coffee price on July 10

Coffee prices on July 10 in the domestic market continued to move sideways compared to yesterday.

Specifically, the price of Lam Dong coffee (in 3 districts of Di Linh, Bao Loc and Lam Ha) is being purchased at VND 66,300/kg today.

In Cu M'gar district (Dak Lak), the price of coffee today remained at VND 66,700/kg. In Ea H'leo and Buon Ho districts, today's coffee price in Dak Lak is at VND 66,60/kg.

Coffee prices in Gia Nghia and Dak R'lap of Dak Nong province today were purchased at VND 66,800 and VND 66,700/kg, respectively.

The price of coffee in Chu Prong today is at VND 66,400/kg; while Pleiku and La Grai are holding at VND 66,300/kg.

The price of coffee today in Kon Tum is being purchased at VND 66,400/kg.

The domestic coffee price today did not have any new changes and continued to approach the high threshold of VND 67,000/kg. Last week, the domestic coffee market increased from VND 1,900 to 2,100/kg.

Thus, the price of coffee on 07/10/2023 in the domestic market traded around the threshold of VND 66,300 - 66,800/kg.

$1 = VND 23,425.00 - Source: Vietcombank