Coffee prices today 04/12/20: Robusta coffee in London turned up slightly. Meanwhile, Arabica coffee continued to go up in the previous session.
Coffee prices today 04/12/20 in Vietnam
In Di Linh district, Lam Ha, Bao Loc (Lam Dong), the price of coffee today is purchased at 31,600 VND / kg.
In Cu M’gar district (Dak Lak), the price of coffee today is 32,100 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today coffee prices are purchased at the same level of 32,200 VND / kg.
Similarly in Dak Nong province, coffee prices today purchased at 32,000 VND / kg in Gia Nghia and Dak R’lap).
Coffee prices today 04/12/20: In Gia Lai province, today’s coffee price is 32,000 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 32,100 VND / kg. Today, coffee prices in Kon Tum province are purchased at 31,900 VND / kg. Thus, the price of coffee in the country today increased by 100-200 VND / kg. Yesterday, coffee prices in key growing areas decreased by an average of 700 – 800 VND / kg.
Meanwhile, at the end of this morning session (Vietnam time), the price of Robusta coffee in London for January delivery increased by 3 USD / ton, trading at 1,346 USD / ton, for delivery in March 2021 by 7. USD at 1,371 USD / ton. Meanwhile, on the exchange of New York in the US, the price of Arabica coffee delivered in December 2020 increased 0.8 cent / lb (0.68%) at 117.65 cents / lb, delivered in March 2021 increased 0, 95 cents / lb (0.8%) to 120.05 cents / lb.
After the deepest drop in more than 3 months, Robusta coffee in London turned up slightly. Meanwhile, Arabica coffee continued to go up in the previous session. Commenting on the deepest drop of Robusta coffee, experts said, the reason was due to the pressure of new sales. When Vietnamese farmers began to mass harvest, along with the move “selling paper to buy real goods” of international traders.
Coffee production in Vietnam this year is estimated at 30.2 million bags (1 bag = 60 kg) according to the forecast released by mid-2020 by the US Department of Agriculture. However, some growers and exporters think that number may be a bit too much because the area of coffee that has been converted to other crops such as pepper, passion fruit, durian, avocado, and banana has not been fully evaluated. … because investment in coffee in previous years is not as beneficial as other agricultural crops.
Continuous storms from the beginning of the crop year from October 1 not only slow down the harvest but also affects the export trade. Estimated in the first 2 months of the crop year, Vietnam’s coffee exports only reached 180,000 tons, of which the statistics of the General Department of Customs reported in October reached 90,000 tons. November exports should have been generally higher, but wet weather greatly restricted the market for this year’s beans.
In Gia Lai province, the Department of Agriculture and Rural Development said that the whole province has more than 97,000 hectares of coffee; in which, the area in the business phase is about 83,148 ha, the rest is in the stage of basic construction and replanting. The coffee area is concentrated mainly in districts such as Ia Grai, Chu Prong, Chu Pah, Dak Doa, Chu Se, Mang Yang. Although only about 40% of the area has been harvested, the majority of people believe that this year’s coffee productivity has decreased sharply compared to the previous crop.
Coffee yields decreased, labor costs increased while selling prices remained unchanged, making growers unprofitable, even losing capital.
TT of the bucket | Average price | Change | |||
---|---|---|---|---|---|
FOB (HCM) | 1,401 | Subtract: +55 | |||
![]() |
32,100 | +100 | |||
Lam Dong | 31,600 | +100 | |||
Gia Lai | 32,000 | +100 | |||
Dak Nong | 32,000 | +100 | |||
pepper | 56,000 | 0 | |||
Exchange rate USD / VND | 23,050 | 0 | |||
Unit of measure: VND / kg | FOB: USD ($) / ton |
Coffee prices today on 04/12/20 in the world
Meanwhile, on the world market, coffee prices today also recorded positive signals, both major exchanges increased slightly, specifically:
- Robusta coffee price in London in January 2021 increased by 3 USD / ton, traded at 1,346 USD / ton, delivered in March 2021 increased 7 USD at 1,371 USD / ton.
- At the exchange of New York in the US, the price of Arabica coffee delivered in December 2020 increased by 0.8 cents/lb (0.68%) at 117.65 cents/lb, delivered in March 2021 increased by 0.95 cents/lb (0.8%) to 120.05 cents/lb.
Thus, after the deepest drop in more than 3 months, Robusta coffee in London turned to increase slightly. And Arabica coffee continued the upward momentum of the previous session.
Evaluating the coffee agro-coffee market, experts say the reason for the decline in Robusta coffee prices is the pressure of new sales. When Vietnamese farmers began to mass harvest, along with the move “selling paper to buy real goods” of international traders.
Forecast of coffee prices:
- Evaluating the fluctuating trend of coffee agricultural products in the coming time, experts say that Vietnam’s coffee output this year is estimated at 30.2 million bags (1 bag = 60 kg) according to the plan. the newspaper released mid-2020 by the US Department of Agriculture. However, some growers and exporters think that number may be a bit too much because the coffee area that has been converted to other crops such as pepper, passion fruit, durian, avocado, and banana has not been fully evaluated. … because investment in coffee in previous years is not as beneficial as other agricultural crops.
- In addition, in 2020, continuous storms and storms from the beginning of the crop year from October 1 not only delay the harvest season but also affects the export trade. According to statistics, in the first 2 months of the crop year, Vietnam’s coffee exports only reached 180,000 tons, of which the statistics of the General Department of Customs reported that October reached 90,000 tons. November exports should have been generally higher, but wet weather greatly restricted the market for this year’s beans.
- In particular, the shortage of harvest workers is also a headache for many coffee-growing households. In previous years, when the harvest season came, thousands of laborers from Binh Dinh, Phu Yen, Quang Ngai provinces … flocked to Gia Lai to pick up coffee contracts. However, in the past few years, the industrial zones in these provinces have opened up and have attracted local labor force, plus the situation that many Gia Lai people go to provinces and cities to work, making garden owners “red eyes” looking for coffee pickers.
- Reduced productivity, increased labor costs while selling prices remained unchanged, making growers unprofitable, even losing capital, waiting anxiously before harvesting new crops.
Robusta coffee prices transactions in London
Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
---|---|---|---|---|---|---|---|---|
01/21 | 1346 | +3 | +0.22 % | 10083 | 1350 | 1326 | 1342 | 36347 |
03/21 | 1371 | +7 | +0.51 % | 10086 | 1375 | 1352 | 1361 | 37417 |
05/21 | 1383 | +7 | +0.51 % | 1597 | 1388 | 1364 | 1374 | 15363 |
07/21 | 1399 | +7 | +0.50 % | 312 | 1402 | 1380 | 1388 | 15667 |
Unit: USD ($) / Ton ![]() |
Arabica coffee prices traded in New York
Period | Price ![]() |
Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
---|---|---|---|---|---|---|---|---|
12/20 | 117.65 | +0.8 | +0.68 % | 13 | 117.65 | 117.65 | 0 | 136 |
03/21 | 120.05 | +0.95 | +0.80 % | 13551 | 121 | 118.6 | 119.65 | 116177 |
05/21 | 121.8 | +0.9 | +0.74 % | 3166 | 122.75 | 120.45 | 121.3 | 45168 |
07/21 | 123.45 | +0.95 | +0.78 % | 2092 | 124.3 | 122 | 123.4 | 36734 |
Unit: USD Cent / lb | 1USD = 100cent | 1Lb ~ = 0.45Kg | Trading unit: lot = 37,500 lb |