Coffee prices, July 31: Decrease sharply in both the domestic and the world market

In the world market

In the world market, the coffee prices today, July 31, continue to decrease in two exchanges compared to yesterday.

Ending the latest session, the Robusta coffee price in London exchange delivered in September 2021 decreases by US$ 99 per ton at US$ 1,786 per ton and decreases by US$ 99 per ton at US$ 1,801 per ton for November delivery.

Likewise, the Arabica coffee price delivered in September 2021 decreases by Cent 16.95 per pound at Cent 179.55 per pound and decreases by Cent 16.85 per pound at Cent 182.45 per pound for December delivery.

Coffee prices continue to decline as cold weather is forecast to hit southern Brazil over the weekend, which is unlikely to cause frost.

In summary, in the world market, coffee prices today, July 31, continuously decrease in the two exchanges.

In the domestic market

In the domestic market, coffee prices today, July 31, decrease sharply in key provinces compared to yesterday morning.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province are the same at VND 36,000 per kilogram.

In Cu M'gar district, Dak Lak province, the coffee price is VND 36,900 per kilogram. In Ea H'leo and Buon Ho districts, Dak Lak province, coffee prices are currently at VND 36,800 per kilogram.

In Gia Nghia and Dak R'lap districts, Dak Nong province, coffee is purchased at VND 36,800 and VND 36,700 per kilogram.

The coffee price today in Chu Prong district, Gia Lai province, is VND 36,800 per kilogram. In Pleiku City and La Grai district, the coffee prices are the same at VND 36,700 per kilogram.

Kontum province’s traders purchase coffee at the price of VND 36,800 per kilogram.

In summary, coffee prices today, July 31, in the domestic market are trading at the range of VND 36,000-36,900 per kilogram.