Coffee price on 07/2/2023: Sharp decline over the week

World coffee price on July 2

Coffee prices on July 2 in the world market remained stable at both major exchanges.

At the time of the survey, the price of Robusta coffee on the London exchange for delivery in September 2023 was $ 2,491/ton. And the price of coffee delivered in November 2023 on this floor is $ 2,391/ton.

The price of Arabica coffee on the New York exchange delivered in September 2023 remained at 159.00 cents/lb. For the November delivery term, the price of coffee on this exchange is 158.10 cents/lb.

World coffee prices today have no new fluctuations. Summarizing this week, the global coffee market fell sharply.

In which, the coffee market on the London exchange had 4 decreasing sessions and 1 increasing session. The price of Robusta coffee for September delivery fell by $ 185 (6.91%) and for November delivery fell by $216 (8.29%), very sharp declines.

In the New York market, the price of coffee on this floor also had 4 decreasing sessions and 1 increasing session. The price of Arabica coffee for September delivery fell by 4.85 cents (2.96%), while December delivery fell by 6.15 cents (3.74%), with very strong declines. 

Thus, the price of coffee on 07/2/2023 in the world market is sideways compared to yesterday.

Domestic coffee price on July 2

Coffee price on July 2 in the domestic market has no new changes compared to yesterday.

Specifically, the price of Lam Dong coffee (in 3 districts of Di Linh, Bao Loc and Lam Ha) is buying at VND 64,200/kg today.

In Cu M'gar district (Dak Lak), the price of coffee today is kept at VND 64,500/kg. In Ea H'leo and Buon Ho districts, today's coffee price in Dak Lak is at VND 64,400/kg.

Coffee prices in Gia Nghia and Dak R'lap of Dak Nong province today were purchased at VND 64,700 and VND 64,600/kg, respectively.

In Gia Lai, the price of coffee in Chu Prong today is at VND 64,400/kg; while at Pleiku and La Grai are holding at VND 64,300/kg.

The price of coffee today in Kon Tum is being purchased at VND 64,400/kg.

The domestic coffee price today remains stable and is below the threshold of VND 65,000/kg. Summarizing this week, the domestic coffee market continued to decline, losing from VND 1,300 to VND 1,500/kg.

After 2 consecutive weeks of decline, our country's coffee price has lost VND 2,800 - 3,000/kg (last week, VND 1,500/kg).

Thus, the price of coffee on 07/2/2023 in the domestic market traded around the threshold of VND 64,200 - 64,700/kg.

$ 1 = VND 23,380.00 - Source: Vietcombank