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Coffee Coffee prices today October 28: Suddenly increased sharply

Coffee prices today October 28: Suddenly increased sharply

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Coffee prices today October 28 continued to increase locally according to the world coffee market.

In Di Linh district (Lam Dong), today’s coffee price was purchased at 32,300 VND / kg. In Bao Loc district (Lam Dong), Lam Ha (Lam Dong), the price of coffee was at 32,400 VND / kg.In Cu M’gar district (Dak Lak), the price of coffee today is 32,800 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today coffee prices are purchased at the same level of 32,900 VND / kg.

Similarly in Dak Nong province, coffee prices today purchased at 32,700 VND / kg in Gia Nghia and Dak R’lap).

In Gia Lai province, Coffee prices today October 28 is 32,700 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 32,600 VND / kg. Today, coffee prices in Kon Tum province are purchased at 32,600 VND / kg.

Ending the session this morning (Vietnam time), the price of Robusta coffee in London increased by 55 USD / ton (4.31%) delivered in November 2020, traded at 1,331 USD / ton, delivered in March 2021 increased 36 USD at 1,357. Meanwhile, on the exchange of New York in the US, the price of Arabica coffee delivered in December 2020 increased by 0.3 cent/lb (0.28%) at 106.95 cents/lb, delivered in March 2021 increased by 0,2 cents/lb (0.18%) to 109.55 cents/lb.

According to members of the Forum of Vietnamese coffee makers, coffee prices increased on both exchanges due to adverse weather in the two leading producers. There have been concerns that Brazil will reduce production next season. and Vietnam’s new harvest season has been delayed for several weeks because consecutive storms have made coffee beans ripen late this year.

Besides, the new US presidential election on November 3 and the second outbreak of Covid-19 is the focus of the attention of the markets at this time.

Coffee prices today October 28 in the country
TT of the bucket Average price Change
FOB (HCM) 1,486 Subtract: +135
Coffee priceDak Lak 32,900 +500
Lam Dong 32,300 +500
Gia Lai 32,700 +500
Dak Nong 32,700 +500
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 1331 +55 +4.31% 122 1332 1290 1290 2627
01/21 1351 +38 +2.89% 8432 1354 1315 1316 47192
03/21 1357 +36 +2.73% 3704 1360 1320 1320 25786
05/21 1367 +32 +2.40% 1695 1370 1338 1338 13477
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
12/20 106.95 +0.3 +0.28% 16377 108.2 106.15 106.75 88018
03/21 109.55 +0.2 +0.18% 8773 110.8 108.8 109.4 76814
05/21 111.25 +0.2 +0.18% 3168 112.4 110.55 111.2 33239
07/21 112.8 +0.2 +0.18% 1961 113.9 112.1 112.85 31412
Unit: USD Cent / lb 1USD = 100cent 1Lb ~ = 0.45Kg Trading unit: lot = 37,500 lb

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