Coffee prices today 26/11/20: Simultaneously increased

Coffee prices today 26/11/20 increased in localities according to the price increases of the two world coffee exchanges. According to data reported by Vietnam Customs, coffee exports in the first half of November, mainly Robusta coffee, reached 31,305 tons (equivalent to 521,720 bags, 60 kg bags), with a value of 61.83 million USD.

Coffee prices today 26/11/20 in Vietnam

TT of the bucket				Average price	Change
FOB (HCM)				1,419	Subtract: +55
Dak Lak				32,500	+200
Lam Dong				32,000	+200
Gia Lai				32,400	+200
Dak Nong				32,400	+200
pepper				55,500	0
Exchange rate USD / VND				23,070	0
Unit of measure: VND / kg | FOB: USD ($) / ton

Specifically, in Di Linh district, Lam Ha, Bao Loc (Lam Dong), today’s coffee price was purchased at 32,100 VND / kg.

In Cu M’gar district (Dak Lak), coffee prices are at 32,600 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak) coffee prices were purchased at the same level of 32,500 VND / kg.

Similarly in Dak Nong province, purchased coffee prices are at 32,500 VND / kg in Gia Nghia and Dak R’lap).

In Gia Lai province, the price of coffee is 32,300 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 32,400 VND / kg. Coffee prices in Kon Tum province are purchased at 32,400 VND / kg.

Thus, the price of coffee in the country increases by 200-300 VND / kg.

According to data reported by Vietnam Customs, coffee exports in the first half of November, mainly Robusta coffee, reached 31,305 tons (equivalent to 521,720 bags, 60 kg bags), with a value of 61.83 million USD. The lowest export results from 2012 to date show that the supply of the old season from the leading producer Robusta has been exhausted, while the new crop will not be available for a few weeks. This makes Robusta coffee prices expected to increase in the short term.

World coffee prices today 26/11/20

Meanwhile, at the end of this morning session (Vietnam time), the price of Robusta coffee in London increased 13 USD / ton (0.96%) delivered in January 2021, traded at 1,366 USD /ton, delivery month 3/2021 increased by 11 USD at 1,376 USD / ton. Meanwhile, on the exchange of New York in the US, Arabica coffee prices for December delivery increased 1.35 cents/lb (1.19%) at 114.5 cents/lb, delivered in March 2021 increased by 1, 25 cents/lb (1.08%) to 117.15 cents/lb.

Period	Price	Change	% change	Mass	Tallest	The shortest	Open door	Open contract
01/21	1366	+13	+0.96%	5240	1367	1347	1353	36580
03/21	1376	+11	+0.81%	4001	1378	1360	1370	31081
05/21	1388	+11	+0.80%	1400	1391	1373	1379	14221
07/21	1401	+12	+0.86%	331	1403	1387	1391	15843
Unit: USD ($) / Ton | Trading unit: lot = 10 tons

Period	Price	Change	% change	Mass	Tallest	The shortest	Open door	Open contract
12/20	114.5	+1.35	+1.19%	38	115.15	114.05	114.35	929
03/21	117.15	+1.25	+1.08%	15723	119.15	116.05	117	114339
05/21	119	+1.15	+0.98%	6389	121	117.95	118.95	43913
07/21	120.7	+1.2	+1.00%	3327	122.6	119.7	120.65	35298
Unit: USD Cent / lb | 1USD = 100cent | 1Lb ~ = 0.45Kg | Trading unit: lot = 37,500 lb

Commentary for coffee prices today 26/11/20:

• Coffee prices today 26/11/20: Price of 2 coffee exchanges recovered after LD dropped to the deepest level for 2 weeks and NY 1 week. The good news is that Rabobank Bank estimates that the global coffee surplus in the 2021-2022 crop year is only 2.2 million bags, 10.2 million less than the current crop year 2020-2021. Drought is the main reason for Rabobank to be so bold. However, it is too soon to have a reliable number.
• The value of the dollar (DXY) trading yesterday has sometimes returned to the lowest level since May 2018. The positive news from the world having vaccines against Covid-19, the handover of the US government seems to be more peaceful and the expectation of more financial bailouts after vaccines to recover the economy in rich countries … has caused people to hold USD sold for economic investment.
• Fed announced in the h6m closing session said that the program continues to buy bonds, meaning will pump more money through this program.
• Reported that the number of unemployed people last week in the US increased to 778,000, lower than the vo5mg period was 730,000 times. The Covid-19 outbreak has reduced American jobs last week. The number of unemployed people from tu6a2n before is 748,000 people.
• Many health experts on epidemic prevention have the opinion that although the anti-Covid-19 vaccine can be circulated within a few weeks, not so subjectively do not take effective preventive measures such as wearing the mouthpiece. page, limit unnecessary social exposure, wash hands with soap … Vaccine does not heal the global health crisis every second day, but can last through 2021 if not combined with taking precautions as many countries have prescribed.
• The dry cargo (BDI) price index is below 1,200 points, but not so that the freight rate falls. Many shipping lines are still leaving ships in dry dock, lack of empty containers … are causing very high freight rates, limiting many export items at the end of the year.
• Crude oil prices reached the highest level in 8 months due to the expectation of recovery of trade and the trade war between the US and China and its allies such as the EU, Canada, Mexico … calmed down once the 46th President of The United States officially took power on January 20, 2021.
• Gold metal prices fell again because investors no longer want to keep gold as investment money is running around the post-vaccine business lines. Even Chinese people, in the habit of embracing gold, reduce imports. The information showed that China’s gold imports via Hong Kong decreased by 84% in October 2020.
• Domestic coffee price today is estimated at around 33.2 million / ton compared with 33 million / ton yesterday.

Helena Magazine