December 25, 2024 | 22:52 GMT +7

  • Click to copy
Tuesday- 14:36, 17/11/2020

Coffee price on Nov 17: Suddenly reaches its peak of the year

Coffee price in the Central Highlands on Nov 17 suddenly increased sharply, reaching its peak of the year, bringing domestic coffee price to VND 34.5 million/ton.
Coffee price updated on Nov 17 2020.

Coffee price updated on Nov 17 2020.

Global coffee price

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

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.

VAN

Author: Bang Nghiem. Translated by Meagan Phan. Edited by Duc Huy.

Coffee prices on December 25, 2024: Continue to rise slightly

Coffee prices on December 25, 2024: Continue to rise slightly

(VAN) Coffee prices on December 25, 2024, are rising. Domestic coffee prices have increased by VND 100, trading between VND 120,600 - 121,400/kg.

Pepper prices on December 25, 2024: Export nearly 242 thousand tons

Pepper prices on December 25, 2024: Export nearly 242 thousand tons

(VAN) Pepper prices on December 25, 2024, remained steady domestically, trading at VND 144,000 - 145,000/kg. Vietnam had exported 242,000 tons of pepper.

The price of cocoa is soaring- could lab-grown chocolate be the answer?

The price of cocoa is soaring- could lab-grown chocolate be the answer?

(VAN) A Californian startup is challenging the traditional chocolate-making process by taking chocolate and coffee bean cells and growing them in a lab.

Coffee prices on December 24, 2024: Slightly increased

Coffee prices on December 24, 2024: Slightly increased

(VAN) Coffee prices on December 24, 2024, increase before Christmas. Domestic coffee prices rose slightly by VND 100, trading at VND 120,500 - 121,300/kg.

Pepper prices on December 24, 2024: Drop by VND 1,000 domestically

Pepper prices on December 24, 2024: Drop by VND 1,000 domestically

(VAN) Pepper prices on December 24, 2024, in the domestic market reversed, decreasing by VND 300–1,000. Domestic pepper is trading at VND 144,000–145,000/kg.

Rubber prices on December 24, 2024: Slight increase in Shanghai

Rubber prices on December 24, 2024: Slight increase in Shanghai

(VAN) Rubber prices on December 24, 2024, fluctuate globally. Domestic rubber latex prices have slightly increased, trading at VND 434 - 465/TSC.

Rice prices on December 24, 2024: Rice sees a slight increase

Rice prices on December 24, 2024: Rice sees a slight increase

(VAN) Rice prices on December 24, 2024, slightly increased and remained steady for paddy.For exports, the price of Vietnamese rice is currently decreasing.

Read more