Coffee prices, August 1: Continuously down by VND 800-1,000 per kilogram compared to last weekend

In the world market

In the world market, coffee prices today, August 1, continuously decrease in two exchanges compared to yesterday.

Ending the latest session, the Robusta coffee price in London exchange delivered in September 2021 decreases by US$ 99 per ton at US$ 1,786 per ton and decreases by US$ 99 per ton at US$ 1,801 per ton for November delivery.

Likewise, the Arabica coffee price delivered in September 2021 decreases by Cent 16.95 per pound at Cent 179.55 per pound and decreases by Cent 16.85 per pound at Cent 182.45 per pound for December delivery.

As a result, for this week, the Robusta coffee price in the London exchange delivered in September 2021 decreases by US$ 113 per ton and decreases by US$ 106 per ton for November delivery. The Arabica coffee price delivered in September 2021 decreases by Cent 9.45 per pound and decreases by Cent 15. 5 per pound for December delivery.

In summary, coffee prices today, August 1, continue to decrease, excluding the increase in the beginning weekday due to the frosty weather news in Brazil.

In the domestic market

Coffee prices today, August 1, move sideways in some key provinces compared to yesterday morning, but compared to last weekend, coffee prices have decreased by VND 800-1,000 per kilogram.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province are the same at VND 35,900 per kilogram.

In Cu M'gar district, Dak Lak province, the coffee price is VND 36,900 per kilogram. In Ea H'leo and Buon Ho districts, Dak Lak province, coffee prices are currently at VND 36,800 per kilogram.

In Gia Nghia and Dak R'lap districts, Dak Nong province, coffee is purchased at VND 36,800 and VND 36,700 per kilogram.

The coffee price today in Chu Prong district, Gia Lai province, is VND 36,800 per kilogram. In Pleiku City and La Grai district, the coffee prices are the same at VND 36,700 per kilogram.

Kontum province’s traders purchase coffee at the price of VND 36,800 per kilogram.

Currently, the lack of containers and no space on ships is a common situation of coffee exporters in Southeast Asia, while the Covid-19's new strain is breaking out, disrupting the global coffee supply.

Vietnam's coffee harvest this year may peak in November. According to the current situation, companies have received many orders due to the serious threat of global supply, so the Covid-19's impact is an important concern to resolve.

In summary, coffee prices today, August 1, in the domestic market are trading at the range of VND 35,900-36,900 per kilogram.