Vietnam: Domestic and international coffee prices increase sharply due to scarce supply

Price movements In the domestic market, the price of coffee in key areas in the Central Highlands increased sharply by 1,000 VND, bringing the price of some provinces closer to the mark of 62,000 VND/kg. Coffee prices Central Highlands provinces Coffee maker’s forum On the world market, the price of robusta July 2023 on the London floor increased to 49 USD, or 1.92% to 2,605 USD/ton, after reaching a 15-year high last week. The price of arabica for delivery on the New York Stock Exchange also rose 4.4 cents, or 2.46%, to 183.05 US cents/lb, after peaking at 184.7 US cents/lb. Price of Robusta coffee in London Unit: USD/Ton | Trading unit: lot = 10 tons Coffee maker’s forum Price of Arabica coffee in New York Unit: USD Cent/lb | 1USD = 100cent | 1Lb ~ 0.45Kg | Trading unit: lot Coffee maker’s forum Price of Brazilian Arabica coffee at BMF Unit: USD Cent/lb | Trading unit: lot Coffee maker’s forum Highlights: – Robusta and arabica prices simultaneously …