Coffee prices today October 16 2020: Continuing to increase

Coffee prices today on October 16 2020 ranged from 31,300 to 31,900 dong / kg. Around the world, 2-exchange coffee price futures continued to fluctuate.

In Di Linh district (Lam Dong) , today’s coffee price was purchased at 31,300 VND / kg. In Bao Loc district (Lam Dong), Lam Ha (Lam Dong), the price of coffee was at 31,400 VND / kg.

In Cu M’gar district (Dak Lak), the price of coffee today is 31,800 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today coffee prices are purchased at the same level of 31,900 VND / kg.

Similarly in Dak Nong province, coffee prices today purchased at 31,700 VND / kg in Gia Nghia and Dak R’lap).

In Gia Lai province, today’s coffee price is 31,600 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 31,700 VND / kg. Today, coffee prices in Kon Tum province are purchased at 31,700 VND / kg.

Thus, the price of coffee in localities today continues to increase from 200-300 VND / kg.

Ending the session this morning (Vietnam’s time), the price of Robusta coffee in London continued to increase by 14 USD / ton (2.21%) delivered in 11/2020 at 1,264 USD / ton, delivered in March. / 2021 increased by 9 USD at 1,295. Meanwhile, on the exchange of New York in the US, the price of Arabica coffee delivered in December 2020 decreased slightly by 0.4 cents / lb (0.09%) at 109.5 cents / lb, delivered in March 2021 decreased by 0. , 1 cent / lb (0.09%) to 112.1 cents / lb.

According to members of the Vietnam Coffee Growers Forum, as well as most other derivative markets, London Robusta prices are getting support as November option expiration is near. . Many investors need to liquidate, change their positions, continue to bring the commercial volume of contracts delivered after January 2021 to higher than November 2020 spot futures.

In addition, the exchange rate of Reais (Brazil) against the USD, information on the US economic bailout, the Covid-19 epidemic also affected investor sentiment.

Significant rainfall is forecast for the next week in most of the major coffee growing regions in southern Brazil, except in the northern state of Espírito Santo which will experience less rain.

According to The Rio Times, Brazil’s agricultural exports are having a shipping crisis. Recorded last month, there was a shortage of 80,000 arrival containers compared to 251,000 outgoing containers. Coffee deliveries at the moment find it difficult to find room to squeeze in, while Brazil accounts for 30% of the global coffee trade.

The first 3 months of coffee year 2020/21 in Brazil have achieved high results. According to statistics, Brazil exported 10.5 million bags of coffee, up 2.7% over the same period last season, earning 1.3 billion USD – a very large number in the past 5 years.

The Association of Coffee Exporters of this country (Cecafé) said that Brazilian coffee has created an important position in the world coffee market thanks to its large quantity and good quality.

TT of the bucket				Average price	Change
FOB (HCM)				1,411	Subtract: +135
Dak Lak				31,600	+500
Lam Dong				31,200	+500
Gia Lai				31,500	+500
Dak Nong				31,500	+500
pepper				49,000	0
Exchange rate USD / VND				23,090	-ten
Unit of measure: VND / kg | FOB: USD ($) / ton

Period	Price	Change	% change	Mass	Tallest	The shortest	Open door	Open contract
11/20	1250	+27	+2.21%	7351	1261	1225	1225	31283
01/21	1276	+26	+2.08%	13355	1286	1253	1255	36427
03/21	1286	+23	+1.82%	5037	1289	1265	1266	25283
05/21	1300	+21	+1.64%	1058	1304	1281	1285	12349
Unit: USD ($) / Ton | Trading unit: lot = 10 tons

Period	Price	Change	% change	Mass	Tallest	The shortest	Open door	Open contract
12/20	109.6	-0.5	-0.45%	14046	111.7	109.2	110.05	94507
03/21	112.2	-0.4	-0.36%	8524	114.25	111.75	112.6	70723
05/21	113.7	-0.4	-0.35%	3249	115.6	113.1	113.75	33804
07/21	115.1	-0.45	-0.39%	1664	116.95	114.6	115.55	30045
Unit: USD Cent / lb | 1USD = 100cent | 1Lb ~ = 0.45Kg | Trading unit: lot = 37,500 lb