Coffee prices, August 3: Simultaneously decrease in the world and the domestic market

In the world market

In the world market, coffee prices today, August 3, simultaneously decrease in two large exchanges compared to yesterday.

The Robusta coffee futures price in ICE Futures Europe (London) exchange for September 2021 contracts decreases by US$ 33 per ton at US$ 1,753 per ton and decreases by US$ 35 per ton at US$ 1,766 per ton for November 2021 contracts.

Likewise, the Arabica coffee futures price in ICE Futures US (New York) for September 2021 contracts decreases by Cent 6.75 per pound at Cent 172.8 per pound and decreases by Cent 6.7 per pound at Cent 175.75 per pound for December 2021 contracts.

World coffee prices have fallen again after the frost in the southern coffee regions of Brazil just caused minimal harm. Previously, the world coffee market had a strong sell-off week after a non-stop increase in many days.

In summary, coffee prices today, August 3, decrease compared to yesterday.

In the domestic market

Coffee prices today, August 3, are down by VND 400-600 per kilogram in some key provinces compared to yesterday morning.

Specifically, coffee prices today in Di Linh, Bao Loc, and Lam Ha districts of Lam Dong province are the same at VND 35,500 per kilogram.

In Cu M'gar district, Dak Lak province, the coffee price is VND 36,300 per kilogram. In Ea H'leo and Buon Ho districts, Dak Lak province, coffee prices are currently at VND 36,200 per kilogram.

In Gia Nghia and Dak R'lap districts, Dak Nong province, coffee is purchased at VND 36,300 and VND 36,200 per kilogram.

The coffee price today in Chu Prong district, Gia Lai province, is VND 36,300 per kilogram. In Pleiku City and La Grai district, the coffee prices are the same at VND 36,200 per kilogram.

Kontum province’s traders purchase coffee at the price of VND 36,300 per kilogram.

In summary, coffee prices today, August 3, in the domestic market are trading at the range of VND 35,500-36,300 per kilogram.