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 | |||
 Dak 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 | Trading unit: lot = 10 tons |
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Arabica coffee prices traded in New York
| Period | 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 | ||||||||
