Coffee price on 06/26/2023: Increase sharply to VND 66,200/kg

World coffee price on June 26

Coffee price on June 26 in the world market has no new changes in both major exchanges.

At the time of the survey, the price of Robusta coffee on the London exchange for delivery in July 2023 is kept at $2,738/ton. And the price of coffee delivered in September 2023 on this exchange is $2,676 /ton.

The price of Arabica coffee on the New York exchange delivered in July 2023 was anchored at 164.85 cents/lb. For the delivery term in September 2023, the price of coffee on this exchange is 163.85 cents/lb.

World coffee prices today continued to remain stable. Last week, the global coffee market dropped sharply. In which, the price of Robusta coffee decreased by $58/ton, while the price of Arabica coffee decreased by 20.05 cents/lb. 

Experts predict that the international coffee market will increase. This week, the overbought contract on the London exchange will hinder the recovery of Robusta coffee. 

As for the New York market, having entered the oversold zone may cause speculators to increase their buying again. This will help Arabica coffee increase again, making it difficult for Robusta coffee to decrease further.

Thus, the price of coffee on 06/26/2023 in the world market remained stable compared to yesterday.

Domestic coffee price on June 26

Coffee price on June 26 in the domestic market increased sharply by VND 900/kg compared to yesterday.

Specifically, the price of Lam Dong coffee (in 3 districts of Di Linh, Bao Loc and Lam Ha) is currently being purchased at VND 65,500/kg.

In Cu M'gar district (Dak Lak), the price of coffee today remained at VND 65,900/kg. In Ea H'leo and Buon Ho districts, today's coffee price in Dak Lak is kept at VND 65,800/kg.

Coffee prices in Gia Nghia and Dak R'lap of Dak Nong province today were purchased at VND 66,200 and VND 66,100/kg, respectively. 

In Gia Lai, the price of coffee in Chu Prong today is at VND 65,700/kg; while the prices at Pleiku and La Grai are kept at VND 65,600/kg.

And today's coffee price in Kon Tum is buying at VND 65,700/kg.

The domestic price of coffee today increased sharply and has surpassed the threshold of VND 66,000/kg. Summarizing last week, the domestic coffee market plummeted to VND 1,500/kg.

Thus, the price of coffee today 06/26/2023 in the domestic market trades around the threshold of VND 65,500 - 66,200/kg.

$1 = VND 23,330.00 - Source: Vietcombank