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Coffee Coffee prices today November 3, 2020

Coffee prices today November 3, 2020

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Coffee prices today November 3 decreased by an average of 200 VND / kg in key coffee-growing areas. Depending on the impact of storm No. 10, the raw coffee prices in the Central Highlands will vary in a wide amplitude.

In Di Linh district (Lam Dong), Coffee prices today November 3 were purchased at 32,200 VND / kg. In Bao Loc district (Lam Dong), Lam Ha (Lam Dong), the price of coffee is at 32,300 VND / kg.

In Cu M’gar district (Dak Lak), the price of coffee today is 32,900 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today coffee prices are purchased at the same level of 32,800 VND / kg.

Similarly in Dak Nong province, coffee prices today purchased at 32,600 VND / kg in Gia Nghia and Dak R’lap).

In Gia Lai province, today’s coffee price is 32,600 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 32,700 VND / kg. Today, coffee prices in Kon Tum province are purchased at 32,500 VND / kg. Thus, the price of coffee in the country decreased by an average of 200 VND / kg this morning.

The General Statistics Office estimated that in October 2020, Vietnam’s coffee exports reached 90,000 tons, up 1% over the same period in 2019. Thus, in the first 10 months of 2020, the country exported 1.34 million tons of coffee. coffee with a total turnover of 2.3 billion USD, decreased by 1.3% in volume, and 0.7% in value over the same period last year. Although the General Statistics Office estimated that Vietnam’s coffee exports in the first month of the crop year reached 90,000 tons, these are mostly in stock that was already bought from the old season. New trading is not much, so the purchasing power of exporters is not enough to push up coffee prices strongly during the month.

Ending the session this morning (Vietnam time), the price of Robusta coffee in London decreased by 17 USD / ton (1.27%) delivered in November 2020, traded at 1,322 USD / ton, delivered in March 2021 decreased $ 8 at 1.351. Meanwhile, on the floor of New York in the US, Arabica coffee prices delivered in December 2020 decreased 1.6 cents / lb (1.53%) at 102.8 cents / lb, delivered in March 2021 decreased by 1, 5 cents / lb (1.4%) to 105.35 cents / lb.

Recently, according to forecasts by the Brazilian Ministry of Agriculture, the total world Robusta coffee output in the coffee year 2020/2021 will be 74.3 million 60kg bags, an increase of 1.6% compared to the 2019 coffee crop. / 2020 earlier. Vietnam, the leading producer of Robusta coffee is about to harvest the new crop accounted for 29.2 million bags, down 3% from the previous harvest.

It is forecasted that the total output of Arabica coffee in the world in crop year 2020/2021 will be about 101.8 million bags, equivalent to an increase of 8.5% compared to the previous season. Brazil, the world’s largest coffee producer, is estimated at 61.62 million bags, accounting for 35% of global production, including Arabica and Robusta.

Currently, Goni is the 10th storm affecting Vietnam since the beginning of this year. Thus, within 1 month, Vietnam received 5 consecutive storms. In which, Molave ​​storm (No. 9) had quite a heavy impact in Gia Lai and Kon Tum provinces. These are 2 localities accounting for about 25% of the country’s coffee area. Many coffee areas were broken and waterlogged, many fruits fell due to long-term weather before.

Weather forecasters said storm Goni would enter the East Sea earlier this week and could directly affect the Central and Central Highlands regions. By the end of October 2020, many places in Vietnam’s key coffee area, the Central Highlands, have not yet been harvested due to the slow ripening of the fruit due to the lack of sunlight and humidity. From that fact, experts predict that depending on the impact of storm No. 10, the price of raw coffee in the Central Highlands will vary by a wide amplitude, possibly reaching VND 34 million / ton, but it is only a flash.

Coffee prices today November 3 in Vietnam

TT of the bucket Average price Change
FOB (HCM) 1,477 Subtract: +135
Coffee priceDak Lak 32,800 -200
Lam Dong 32,300 -200
Gia Lai 32,700 -200
Dak Nong 32,700 -200
pepper 53,000 0
Exchange rate USD / VND 23,090 0
Unit of measure: VND / kg FOB: USD ($) / ton

Robusta coffee prices transactions in London

Period Price Change % change Mass Tallest The shortest Open door Open contract
11/20 1322 -17 -1.27% 3 1322 1317 1317 2411
01/21 1342 -9 -0.67% 4853 1365 1336 1344 44757
03/21 1351 -8 -0.59% 2615 1373 1346 1352 25669
05/21 1363 -5 -0.37% 858 1381 1359 1362 13038
Unit: USD ($) / Ton Coffee priceTrading unit: lot = 10 tons

Arabica coffee prices traded in New York

Period Price Coffee price Change % change Mass Tallest The shortest Open door Open contract
12/20 102.8 -1.6 -1.53% 18605 104.9 102.35 103.9 86634
03/21 105.35 -1.5 -1.40% 14213 107.3 105 106.3 80742
05/21 107.1 -1.5 -1.38% 5883 108.95 106.75 108.45 34613
07/21 108.8 -1.5 -1.36% 4189 110.6 108.5 109.65 33282
Unit: USD Cent / lb 1USD = 100cent 1Lb ~ = 0.45Kg Trading unit: lot = 37,500 lb

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