April 20, 2024 | 17:27 GMT +7
Hotline: 0913.378.918
April 20, 2024 | 17:27 GMT +7
Hotline: 0913.378.918
Coffee price updated on Nov 17 2020.
On the world market, coffee price on Nov 17 continued to rise quickly on both major trading floors.
At the end of last week's trading session (Vietnam time), Robusta coffee delivery price in November 2020 in London increased by US$32/ton (2.3%), trading at US$1,426/ton; in March 2021 increased by US$30 at US$1,449/ton.
On New York trading floor, Arabica coffee delivery price in December 2020 increased 6.4 cents/lb (5.86%) at 115.65 cents/lb, in March 2021 increased by 6.55 cents/lb. (8.84%) to 118.75 cents/lb.
Currently, Hurricane Iota is causing heavy damages to the major Arabica producing countries in the America, making transactions on the New York floor volatile. The weakening dollar and the optimistic recovery signals from major economies are boosting up coffee prices.
Thus, coffee price today Nov 17 2020 on the world market increased sharply in the context of the weakening dollar.
Domestic coffee price today Nov 17 increased strongly following the world market. Coffee price in the Central Highlands reached the highest since the beginning of the year.
Specifically, the price of coffee in Di Linh district (Lam Dong) was at VND 33,900/kg, in Bao Loc district (Lam Dong) and Lam Ha (Lam Dong) at VND 33,900/kg.
In Cu M'gar district (Dak Lak), coffee price today remained stable at VND 34,000/kg. In Ea H'leo (Dak Lak) and Buon Ho (Dak Lak) districts, coffee price remained at VND 34,500/kg.
In Gia Nghia and Dak R'lap of Dak Nong province, coffee price today was at VND 34,400/kg.
In Gia Lai province, the price of Chu Prong coffee today was VND 34,300/kg, in Pleiku and La Grai VND 34,400/kg. Coffee price in Kon Tum today increased to VND 34,400/kg.
Export roasted and instant coffee are favored by many countries around the world, so the export turnover increased, accounting for 12% of the country's total export volume.
It is expected that this year, Vietnam's coffee exports will reach about 1.3 million tons with an export turnover of more than US$2 billion.
Thus, domestic coffee price on Nov 17 was around VND 33,900 - 34,500/kg.
Author: Bang Nghiem. Translated by Meagan Phan. Edited by Duc Huy.
(VAN) Coffee prices on 04/20/2024 are rebounding. Domestic coffee prices have increased slightly by VND 300/kg, trading at VND 119,900 - 120,500/kg.
(VAN) Pepper prices on 04/20/2024 increased for the fifth consecutive day. Domestic pepper prices increase by VND 3,000, reaching VND 94,500 to 97,000/kg.
(VAN) Agricultural products' prices increased over the same period last year thanks to partnerships with businesses and supermarket distribution.
(VAN) Pepper prices on 04/19/2024 increased by 1,000 to 2,500 VND/kg. This brings the domestic pepper trading price to VND 92,000 - 95,000/kg.
(VAN) Mercantile Exchange of VietNam (MXV) said that at the end of the trading day, April 16, 22/31 items had their prices reduced. Among them, 6/10 items decreased sharply.
(VAN) Pepper prices on 04/16/2024 have not shown any new fluctuations. The domestic price of pepper remains stable at around VND 89,000 - 90,000/kg.
(VAN) The selling price is VND 30,000/kg, peaking at VND 70,000/kg. Anise brings high income, reducing poverty and generating wealth for farmers in Bac Kan.
