World coffee prices today December 8, 2020
Robusta coffee prices transactions in London
| Period | Price | Change | % change | Mass | Tallest | The shortest | Open door | Open contract |
|---|---|---|---|---|---|---|---|---|
| 01/21 | 1328 | -9 | -0.67 % | 5299 | 1337 | 1312 | 1332 | 32656 |
| 03/21 | 1350 | -5 | -0.37 % | 10116 | 1357 | 1334 | 1353 | 38737 |
| 05/21 | 1361 | -6 | -0.44 % | 3189 | 1369 | 1347 | 1368 | 16021 |
| 07/21 | 1378 | -6 | -0.43 % | 1122 | 1387 | 1366 | 1384 | 15717 |
| Unit: USD ($) / Ton | Trading unit: lot = 10 tons |
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Meanwhile, at the end of this morning session, Robusta coffee price in London delivered in January 2021 decreased 9 USD / ton (0.67%), traded at 1,328 USD / ton, delivered 3/2021 decreased by 5 USD (0.37%) at 1,350 USD / ton. Meanwhile, on the exchange of New York in the US, Arabica coffee prices delivered in December 2020 increased 1.6 cents/lb (1.39%) at 116.95 cents/lb, delivered in March 2021 increased 1, 55 cents/lb (2.08%) to 119.1 cents/lb.
Robusta coffee prices in London continued to have a decreasing chain due to the pressure of a new crop from Vietnam, while the local currency of Brazil increased, the US stock price decreased, helping Arabica coffee prices have a significant recovery session.
Coffee prices today December 8, 2020, in Viet Nam
| TT of the bucket | Average price | Change | |||
|---|---|---|---|---|---|
| FOB (HCM) | 1,383 | Subtract: +55 | |||
| Dak Lak |
31,800 | -100 | |||
| Lam Dong | 31,300 | -100 | |||
| Gia Lai | 31,700 | -100 | |||
| Dak Nong | 31,700 | -100 | |||
| pepper | 56,500 | 0 | |||
| Exchange rate USD / VND | 23,040 | 0 | |||
| Unit of measure: VND / kg | FOB: USD ($) / ton | |||||
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Specifically, in Di Linh district, Lam Ha, Bao Loc (Lam Dong), today’s coffee price was purchased at 31,200 VND / kg.
In Cu M’gar district ( Dak Lak ), the price of coffee is 31,700 VND / kg. In Ea H’leo district (Dak Lak), Buon Ho (Dak Lak), coffee prices were purchased at the same level of 31,800 VND / kg.
Similarly in Dak Nong province, the price for coffee purchased was 31,600 VND / kg in Gia Nghia and 31,500 in Dak R’lap.
In Gia Lai province, coffee prices are at 31,600 VND / kg (Chu Prong), in Pleiku and La Grai the same price is 31,600 VND / kg. Coffee prices in Kon Tum province were purchased at VND 31,500 / kg.
Thus, domestic coffee prices decreased by an average of 200 VND / kg in key growing areas.
With the new crop in Vietnam, as recorded, farmers in Kon Tum province have entered a new coffee harvest, but the coffee price in the market continues to be a gloomy day. Yet, the harvested output decreased; The scarcity and the expensive collection of workers make most coffee growers struggle.
According to the calculations of coffee growers, the cost per hectare of coffee (equivalent to about 1,000 trees) on average is lost over 100 million VND including fertilizer, watering, spraying, weeding, hiring … Thus, with an average yield of about 3 – 3.5 tons of coffee beans/ha and the selling price at 30,000 – 31,000 VND / kg, growers are almost unprofitable, even some houses have to compensate for the loss.
Low selling price, while other costs are continuously increasing year by year, low income of farmers makes many coffee growers discouraged. Farmers are sad because they do not make profits, and businesses that buy and process coffee are also distorted because they are too “leisurely”, because people are still hesitating and regretful, so they have not sold them.
