Coffee price on 07/27/2023: Slightly increased again

World coffee price on July 27

Coffee prices on July 27 in the world simultaneously increased slightly at both major exchanges.

At the time of the survey, the price of Robusta on the London exchange for delivery in September 2023 increased by $ 11/ton, to $ 2,639/ton. And the November delivery term on this floor increased by 16 USD/ton, at $ 2,480/ton.

The price of Arabica on the New York exchange delivered in September 2023 increased by 1.30 cents/lb; to 163.15 cents/lb. And December 2023 delivery increased by 1 cent/lb; at 163.20 cents/lb.

World coffee prices today simultaneously increased slightly in the context of USDX falling, although the Fed continued to raise monetary interest rates.

The Fed's decided to raise the USD interest rate this period by 0.25%, to range from 5.25% to 5.0 %/year. It is not surprising because it is not outside of the previous market's speculation. This is because the reports show that inflation has cooled down somewhat.

On the London bourse, the inverse price structure continued to move at a high level in the context of tight supply and low inventories. 

The tightening situation from leading producing and exporting countries has caused the consumer market to raise concerns about a short-term supply shortage.

Accordingly, it is forecast that Indonesia's coffee production will decrease by 1.8 million bags to 9.7 million bags. This is the worst crop in the past 10 years and Vietnam is not expected to exceed 29 million bags in the next crop. 

According to estimates by Safras & Mercados, about 83% of the Robusta coffee crop in Brazil has been harvested, the same level as last year and below the five-year average of 89%. There were a few rainy days at the beginning of the month, but harvesting activities soon returned to normal.

Thus, the world coffee price on 07/27/2023 simultaneously increased slightly compared to yesterday.

Domestic coffee price on July 27

Coffee prices on July 27 in the country increased slightly by VND 300/kg compared to yesterday.

Specifically, in 3 districts of Di Linh, Bao Loc and Lam Ha of Lam Dong province, they are trading at the same level of VND 66,700/kg.

In Cu M'gar district (Dak Lak) today the price is VND 67,200/kg. In Ea H'leo and Buon Ho districts (Dak Lak), traders are buying at VND 67,100/kg.

In Dak Nong province, traders Gia Nghia and Dak R'lap are purchasing at VND 67,400 and VND 67,300/kg, respectively.

In Gia Lai, Chu Prong district is trading at VND 67,100/kg, while Pleiku and La Grai are both holding VND 67,000/kg.

The purchase price at Kon Tum today is VND 67,000/kg.

Thus, the price of coffee on 07/27/2023 in the country traded around the threshold of VND 66,700 - 67,400/kg.

$ 1 = VND 23,470.00 - Source: Vietcombank