Coffee prices today 25/1/2021 in Vietnam remained stable. While world coffee prices are on a downward trend.
Robusta coffee prices transactions in London
| Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 03/21 | 1310 | -13 | -0.98 % | 8107 | 1328 | 1307 | 1323 | 44279 |
| 05/21 | 1322 | -13 | -0.97 % | 6369 | 1341 | 1319 | 1337 | 27635 |
| 07/21 | 1338 | -12 | -0.89 % | 3348 | 1357 | 1338 | 1351 | 17736 |
| 09/21 | 1357 | -11 | -0.80 % | 546 | 1373 | 1357 | 1369 | 8370 |
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 |
|---|---|---|---|---|---|---|---|---|
| 03/21 | 124.05 | -2.4 | -1.90 % | 18252 | 126.3 | 122.85 | 125.7 | 96196 |
| 05/21 | 126.2 | -2.3 | -1.79 % | 8491 | 128.25 | 125 | 128 | 53515 |
| 07/21 | 128.1 | -2.3 | -1.76 % | 3738 | 130.05 | 127 | 129.9 | 36525 |
| 09/21 | 129.9 | -2.25 | -1.70 % | 2025 | 131.85 | 128.75 | 131.7 | 36597 |
| Unit: USD Cent / lb | 1USD = 100cent | 1Lb ~ = 0.45Kg | Trading unit: lot = 37,500 lb | ||||||||
In the trading session last week, the price of Robusta coffee in London for delivery in March 2021 decreased by 13 USD / ton (0.98%), traded at 1,310 USD / ton, delivered in May 2021 decreased by 13 USD / ton. (0.97%), trading at 1,322 USD / ton. At the exchange of New York in the US, Arabica coffee prices delivered in March 2021 decreased by 2.4 cents/lb (1.9%) at 124.05 cents/lb, delivered in May 2021 decreased by 2.3 cents/lb. (1.79%) at 126.2 cents/lb.
For the whole week, London market had 1 increasing session and 4 decreasing sessions. Robusta coffee futures for delivery in March decreased by $ 43, or 3.18%, down to $ 1,310 / ton, and for May delivery down all $ 41, or down 3.01%, to $ 1,322. / ton, relatively strong decreases. Trading volume is above average.
Similarly, the New York market had 3 decreasing sessions and 1 gaining session. Arabica coffee futures for spot delivery in March decreased all 4.1 cents, or 3.2%, to 124.05 cents/lb, and futures for May delivery fell all 4.05 cents, or 3, 13%, to 126.2 cents/lb, the reductions are also quite strong. Trading volume is above average.
With the domestic market, the price of coffee beans in the Central Highlands market has decreased by 800 – 900 VND.
Although the forecast for Brazil’s coffee supply to decrease, the price of 2-exchanges coffee still decreased. Due to fears that the global economy is still receding due to the escalating epidemic, the report shows that the number of people infected with Covid-19 does not seem to have stopped, leaving the economic recovery in many countries still delayed. Meanwhile, inoculation implementation has been slow and some vaccines have failed to work as expected, especially with new variants of coronavirus.
However, the market has also begun to show concern as it is expected that new-season inventory will be low, as Brazilian export volumes have consistently hit record levels in recent months, while the country is facing a new upcoming crop where coffee production is also expected to be at a record low.
Jack Scoville, an analyst at research firm Price Futures Group, said: Demand from coffee shops and other foodservice activities remains very low as consumers are still drinking coffee at home. Reports show that consumers at home are consuming blended coffees with more Robusta and less Arabica. Such a trend is more conducive to the Robusta coffee price forecast.
Entering the session this week, the market started from the downtrend of last week, the price of robusta coffee listed on the ICE Futures Europe_London (UK) decreased at all times of handover, the price delivered in March / 2021 decreased 13 USD / ton (0.98%) compared to the previous session, down to 1,310 USD / ton; Price delivered in May 2021 also decreased by 13 USD / ton (0.97%) for transactions at 1,322 USD / ton.
At the same time of the survey, arabica coffee prices on ICE Futures US – New York (USA) turned back to decrease; spot coffee prices in March decreased 2.25 Cent (1.78%), down to 124.05 Cent/lb; May delivery also decreased by 2.2 Cent (1.71%) to 126.2 Cent/lb.
According to weather reports from Brazil, the main Arabica producing state of Minas Gerais in the Southeast has experienced a lot of rain, relatively high above-average rainfall, which is favorable for coffee plants to grow new crops, even though the drought damage from the outset was irreversible. According to observers, the pressure of selling hedging for new products took place quite significantly not only from producing countries but also due to net selling speculation on both derivative coffee exchanges when the epidemic increased. The global recession forced many countries to launch new stimulus packages.
The national food distribution company of Brazil (Conab) said that the country’s coffee output in 2020 reached nearly a record as the production area in the country increased for the first time since 2012, reaching about 1. , 88 million hectares, an increase of 3.9% compared to 2019.
According to the Report of the US Department of Agriculture (USDA) released in December 2020, Brazil’s 2020/2021 coffee production is 67.9 million including 47.8 million bags of Arabica and 20.1 million bags of robusta. Thus, the Robusta output of Brazil has increased very rapidly recently, equivalent to 2/3 of Vietnam’s Robusta output. USDA predicts that this crop year Vietnam will reach 29 million including 28 million bags of robusta and 1 million bags of arabica.
Brazil is the largest Arabica coffee producer and exporter in the world and second in Robusta production after Vietnam.
Coffee prices today 25/1/2021 in Vietnam
| TT of the bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,377 | Subtract: +55 | |||
| Dak Lak |
31,300 | -200 | |||
| Lam Dong | 30,900 | -200 | |||
| Gia Lai | 31,200 | -200 | |||
| Dak Nong | 31,200 | -200 | |||
| pepper | 51,000 | 0 | |||
| Exchange rate USD / VND | 22,985 | 0 | |||
| Unit of measure: VND / kg | FOB: USD ($) / ton | |||||
In Di Linh district, Lam Ha, Bao Loc (Lam Dong), today’s coffee prices are purchased at 30,900 VND / kg.
In Cu M’gar district (Dak Lak), the price of coffee today is 31,300 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), today coffee prices are purchased at the same level of 31,200 VND / kg.
Similarly in Dak Nong province, today coffee prices purchased at 31,200 VND / kg in Gia Nghia and 31,0100 VND / kg in Dak R’lap.
In Gia Lai province, today’s coffee price is 31,200 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 31,300 VND / kg. Today, coffee prices in Kon Tum province are purchased at 31,300 VND / kg. This morning, coffee prices in key growing areas are stabilizing.
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