Coffee prices, July 28: Decrease slightly

In the world market

In the world market, the coffee prices today, July 28, turn to decrease back in boh exchanges compared to yesterday.

Ending the latest session, the Robusta coffee price in London exchange delivered in September 2021 decreases by US$ 35 per ton at US$ 1,940 per ton and decreases by US$ 37 per ton at US$ 1,923 per ton for November delivery.

Likewise, the Arabica coffee price delivered in September 2021 decreases by Cent 6.05 per pound at Cent 201.75 per pound and decreases by Cent 6.1 per pound at Cent 204.6 per pound for December delivery.

As forecasted, the frosty weather in Brazil this weekend will affect both Robusta and Arabica coffee prices.

The world coffee market had a downward after a price rising time. In the context that the two exchanges have overbought in recent sessions, these decreases in coffee prices are also within the market rule.

The recent severe frost in rural Brazil affected more than 200,000 hectares or 11% of the total Arabica coffee area of the world's leading coffee producer.

In summary, in the world market, coffee prices today, July 28, turn to decrease in the two exchanges.

In the domestic market

In the domestic market, coffee prices today, July 28, decrease slightly by VND 100 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 37,200 per kilogram.

In Cu M'gar district, Dak Lak province, the coffee price is VND 38,100 per kilogram. In Ea H'leo and Buon Ho districts, Dak Lak province, coffee prices are currently at VND 38,000 per kilogram.

In Gia Nghia and Dak R'lap districts, Dak Nong province, coffee is purchased at VND 38,000 and VND 37,900 per kilogram.

The coffee price today in Chu Prong district, Gia Lai province, is VND 38,000 per kilogram. In Pleiku City and La Grai district, the coffee prices are the same at VND 37,900 per kilogram.

Kontum province’s traders purchase coffee at the price of VND 38,000 per kilogram.

In summary, coffee prices today, July 28, in the domestic market are trading at the range of VND 37,200-38,100 per kilogram.