Coffee prices, July 21: Rise back compared to yesterday

In the world market

In the world market, the coffee prices today, July 21, rise back after the plunge yesterday.

Ending the latest trading session, the Robusta coffee price at the London exchange for delivery in September 2021 increases by US$ 29 per ton at US$ 1,761 per ton, and for delivery in November 2021 increase by US$ 30 per ton at US$ 1,763 per ton.

Meanwhile, the Arabica coffee price delivered in September 2021 increases by Cent 10.40 per pound at Cent 156.4 per pound, for delivery in December 2021 increases by Cent 10.35 per pound at Cent 169.7 per pound.

Last week, speculators on the New York Stock Exchange fell sharply by nearly 8%, so when there was news of frost in Brazil, they rushed to buy coffee, pushing up Arabica's price. This increase is expected to continue in the short term.

In the strong increase of Arabica coffee, the Robusta coffee's price, although conservative, still added US$ 30 per ton at the close of the session.

Besides, the world coffee market is under pressure from rising sea freight fees, which slows down supply from major Robusta producing countries.

In the domestic market

Coffee prices today, July 21, in the domestic market increase by an average of VND 400 per kilogram in key regions compared to yesterday morning. The trading prices are around VND 35,300 - 36,200 per kilogram.

Specifically, the coffee prices today in Di Linh, Bao Loc and Lam Ha districts of Lam Dong province are the same VND 35,300 per kilogram.

In Cu M'gar district of Dak Lak province, the coffee price today remains at VND 36,200 per kilogram. In Ea H'leo and Buon Ho districts, the price of coffee stays the same at VND 36,100 per kilogram.

In Gia Nghia and Dak R'lap districts, Dak Nong province, coffee today is purchased at VND 36,100 and VND 36,000 per kilogram, respectively.

Coffee price today in Chu Prong district, Gia Lai province, is at VND 36,100 per kilogram. Pleiku and La Grai districts have the same level at VND 36,000 per kilogram. Meanwhile, coffee in Kon Tum province is purchased at VND 36,100 per kilogram.