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Sunday- 16:19, 02/07/2023

Coffee price on 07/2/2023: Sharp decline over the week

(VAN) The coffee price on 07/2/2023 is trading around VND 64,200 - 64,700/kg. This week, the domestic coffee market fell from VND 1,300 to VND 1,500/kg.
Update the latest coffee market price on 07/2/2023

Update the latest coffee market price on 07/2/2023

World coffee price on July 2

Coffee prices on July 2 in the world market remained stable at both major exchanges.

At the time of the survey, the price of Robusta coffee on the London exchange for delivery in September 2023 was $ 2,491/ton. And the price of coffee delivered in November 2023 on this floor is $ 2,391/ton.

The price of Arabica coffee on the New York exchange delivered in September 2023 remained at 159.00 cents/lb. For the November delivery term, the price of coffee on this exchange is 158.10 cents/lb.

Latest coffee prices on New York and London exchange

Latest coffee prices on New York and London exchange

World coffee prices today have no new fluctuations. Summarizing this week, the global coffee market fell sharply.

In which, the coffee market on the London exchange had 4 decreasing sessions and 1 increasing session. The price of Robusta coffee for September delivery fell by $ 185 (6.91%) and for November delivery fell by $216 (8.29%), very sharp declines.

In the New York market, the price of coffee on this floor also had 4 decreasing sessions and 1 increasing session. The price of Arabica coffee for September delivery fell by 4.85 cents (2.96%), while December delivery fell by 6.15 cents (3.74%), with very strong declines. 

Thus, the price of coffee on 07/2/2023 in the world market is sideways compared to yesterday.

Domestic coffee price on July 2

Coffee price on July 2 in the domestic market has no new changes compared to yesterday.

Specifically, the price of Lam Dong coffee (in 3 districts of Di Linh, Bao Loc and Lam Ha) is buying at VND 64,200/kg today.

In Cu M'gar district (Dak Lak), the price of coffee today is kept at VND 64,500/kg. In Ea H'leo and Buon Ho districts, today's coffee price in Dak Lak is at VND 64,400/kg.

Coffee prices in Gia Nghia and Dak R'lap of Dak Nong province today were purchased at VND 64,700 and VND 64,600/kg, respectively.

In Gia Lai, the price of coffee in Chu Prong today is at VND 64,400/kg; while at Pleiku and La Grai are holding at VND 64,300/kg.

The price of coffee today in Kon Tum is being purchased at VND 64,400/kg.

The domestic coffee price today remains stable and is below the threshold of VND 65,000/kg. Summarizing this week, the domestic coffee market continued to decline, losing from VND 1,300 to VND 1,500/kg.

After 2 consecutive weeks of decline, our country's coffee price has lost VND 2,800 - 3,000/kg (last week, VND 1,500/kg).

Thus, the price of coffee on 07/2/2023 in the domestic market traded around the threshold of VND 64,200 - 64,700/kg.

$ 1 = VND 23,380.00 - Source: Vietcombank

Author: Bang Nghiem

Translated by Hoang Duy

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