Coffee prices today 1/12/20 were adjusted to decrease slightly in the downward direction of Robusta coffee prices in London. Harvest in Vietnam continues to slow down. The localities all forecast a decrease in output.
In Di Linh district, Lam Ha, Bao Loc (Lam Dong), today’s coffee prices were purchased at 32,500 VND / kg.
In Cu M’gar district (Dak Lak), the price of coffee today is 33,000 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 32,900 VND / kg in Gia Nghia and Dak R’lap).
In Gia Lai province, today’s coffee price is 32,900 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 33,000 VND / kg. Today, coffee prices in Kon Tum province are purchased at 32,800 VND / kg. Thus, the price of coffee in the country today decreased by 200-300 VND / kg. Last week, coffee prices increased by an average of 200-300 VND / kg.
Meanwhile, at the end of the session this morning (Vietnam time), the price of Robusta coffee in London delivered in January 2021 decreased by 10 USD / ton, traded at 1,401 USD / ton, delivery in March 2021 decreased by 8. USD at 1,405 USD / ton. Meanwhile, on the exchange of New York in the US, Arabica coffee prices delivered in December 2020 decreased 1 cent/lb (0.82%) at 120.7 cents/lb, delivered in March 2021 decreased 0.9 cents. / lb (0.72%) to 123.3 cents / lb.
In Lam Dong province, in the last days of November 2020, many coffee growing areas on steep hilly lands in districts including Bao Lam, Di Linh, Dam Rong, farmers are entering the harvest of coffee. tea. As for the districts of Lam Ha, Duc Trong, Da Lat City, at this time, coffee just started to harvest the ripe trees.
Lam Dong Department of Agriculture and Rural Development said that this crop year, the whole province has about 174,000 hectares of coffee with an average output of 515,000 tons/year. Currently, the price of coffee beans in Lam Dong only fluctuates at 31,800 – 32,800 VND / kg, equivalent to the price of the previous crop. At the same time, productivity and output this year in some localities in the province decreased slightly due to the influence of the weather. Another factor that also worries many coffee growers in the area is that the labor force is still in short supply, making the collection fee soaring.
In Dak Nong, information from coffee buying agents said that coffee prices were fluctuating around 33,000 VND/kg. This price level has almost maintained for many years. According to the authorities, from now to the end of the crop, coffee prices have almost no major change, only fluctuating with a very small amplitude.
Dak Nong province has over 131,000 hectares of coffee, estimated total output by 2020 is about 306,172 tons, equivalent to 96.89% of the annual plan. Thus, the productivity and output of coffee in the whole province this year has decreased significantly. This also means that coffee growers have another difficult year.
Harvesting in Vietnam continues to slow, and heavy rains are expected at the weekend to slow down the harvest. The National Center for Meteorological and Hydrological Forecast, the rainfall on the Central Highlands coffee area in December will be 20-40% higher than the average for many years, causing the Robusta coffee market to worry about the quality of coffee beans after harvest.
Traders said, Vietnam has harvested about 10% of the coffee area and will reach its peak in the next 2 weeks. Coffee output in the 2020/21 crop of Vietnam will decrease by 10% compared to the previous crop year to 27 million bags (60 kg type).
This plus the recent Arabica price increase (due to storms affecting Central America), makes the Import and Export Department forecast that global coffee prices will continue to increase. Optimism covered the world commodity market when Moderna announced the Covid-19 vaccine was more than 90% effective. and the economies of leading Asian countries recovered strongly.
Coffee prices today 1/12/20 in Vietnam
| TT of the bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,456 | Subtract: +55 | |||
 Dak Lak |
33,000 | -200 | |||
| Lam Dong | 32,500 | -200 | |||
| Gia Lai | 32,900 | -200 | |||
| Dak Nong | 32,900 | -200 | |||
| pepper | 56,000 | 0 | |||
| Exchange rate USD / VND | 23,050 | -ten | |||
| Unit of measure: VND / kg | FOB: USD ($) / ton | |||||
Robusta coffee prices transactions in London
| Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 01/21 | 1401 | -ten | -0.71% | 5464 | 1406 | 1389 | 1402 | 35952 |
| 03/21 | 1405 | -8 | -0.57% | 3692 | 1411 | 1393 | 1405 | 32544 |
| 05/21 | 1414 | -ten | -0.70% | 883 | 1421 | 1402 | 1414 | 15036 |
| 07/21 | 1428 | -11 | -0.76% | 196 | 1430 | 1419 | 1429 | 15729 |
| Unit: USD ($) / Ton | Trading unit: lot = 10 tons |
||||||||
Arabica coffee prices traded in New York
| Period | Price |
Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 12/20 | 120.7 | -first | -0.82% | 51 | 121.4 | 118.9 | 121.35 | 768 |
| 03/21 | 123.3 | -0.9 | -0.72% | 24184 | 124.45 | 120.7 | 123.4 | 114719 |
| 05/21 | 125.1 | -0.75 | -0.60% | 9790 | 126.05 | 122.55 | 125.35 | 43650 |
| 07/21 | 126.7 | -0.65 | -0.51% | 5243 | 127.5 | 124.25 | 126.95 | 35878 |
| Unit: USD Cent / lb | 1USD = 100cent | 1Lb ~ = 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
In the first session of the week, the coffee exchange price is fake but not strong.
British broker Marex Spectron estimates a coffee surplus in the 2020-2021 crop year to be about 7 million bags, compared with their own prediction of 3.2 million. Excess coffee due to the Covid-19 epidemic. However, in the following season, the world lacked 8 million bags thanks to the recovery of consumption.
The US stock exchanges at the end of the month decreased slightly. Gold price dropped to 1780 USD / ounce while the USD rose slightly.
Manufacturing activities in China increased to the highest level in 3 years, PMI (purchasing manager) in November 2020 reached 52.1 compared with the expectation of 51.4 and compared to October / 2020 is 51.4 points. As a result, Asian stock prices stopped falling at the end of November.
The US government “blockade” the Chinese corporations that are believed to be the cover of the liberating army of this country, including the Chinese crude oil exploitation corporation. Crude oil prices fell with this news.
Domestic Coffee prices today 1/12/20 is estimated at around 33.7 million / ton compared with 33.9 million / ton yesterday.
