Coffee export prices fluctuate, Robusta coffee fluctuates

At the end of the most recent trading session, the price of Robusta coffee in London for July 2024 delivery increased by 1 USD/ton, at 3,440 USD/ton, and for September 2024 delivery decreased by 2 USD/ton, at 3,362 USD/ton.

Arabica coffee prices for July 2024 delivery decreased by 0.3 cents/lb, to 201.15 cents/lb, and for September 2024 delivery decreased by 0.05 cents/lb, to 199.95 cents/lb.

Coffee prices on the two exchanges moved in opposite directions at the end of the week. After three consecutive increases, Arabica turned slightly lower, while Robusta increased in July and decreased in September.

Robusta coffee prices on the London exchange hit a record of $4,500 per tonne in late April 2024. Although they have cooled down since then, prices are still significantly higher than at the end of last year.

After 3 consecutive increasing sessions, Arabica turned down slightly, Robusta increased in July term, decreased in September term

Domestic coffee prices remain stable compared to the same time yesterday, currently trading in the range of 98,000 - 99,000 VND/kg.

Since the beginning of the year, domestic coffee prices have increased dramatically, then decreased sharply, beyond the expectations of many market participants. In early May, coffee prices in Vietnam and Robusta turned sharply down from their historical peak. Robusta lost 18% in just one trading week. Currently, coffee prices in the Central Highlands and the Southern provinces have all returned to below 100,000 VND/kg, down nearly 30% compared to the historical peak at the end of April 2024.

Since the beginning of the year, coffee prices have increased dramatically and decreased sharply, which is beyond the control of many market participants. In early May, coffee prices in Vietnam and Robusta sharply decreased from their historical peak. Robusta lost 18% in just one trading week. Coffee prices in the Central Highlands and the Southern provinces simultaneously returned to below 100,000 VND/kg, losing nearly 30% compared to the historical peak at the end of April 2024.

In the world market, according to analysts, coffee prices are falling mainly due to the impact of liquidation activities of hedge funds, combined with a positive shift in coffee supply in some major producing countries. According to the annual cycle, from May onwards, the focus of attention of the world coffee market will gradually shift from Vietnam to Brazil and Indonesia, when coffee harvesting activities in these countries enter the main season.

Coffee prices fell mainly due to the impact of liquidation activities by hedge funds, combined with positive shifts in coffee supply in some major producing countries.

As the world's leading coffee producer and exporter - Brazil begins harvesting, increasing inventories, information about increased global exports, and more favorable weather are the main reasons for the sharp decline in coffee prices since the beginning of the month. It is forecasted that information about the coffee harvest and production situation in the above countries at this time will have a direct impact on the transaction prices on the market.

Import values ​​from many major markets such as the EU, US, Canada, and UK decreased compared to the same period in 2023. Tensions in the Red Sea could affect 36% of total global coffee exports in the first quarter of 2024, mainly coffee exports from Southeast Asia.

In the EU, the region's coffee imports from the extra-bloc market decreased in January 2024, then increased again in February 2024. In the first two months of 2024, the EU imported coffee from the extra-bloc market to the tune of 1.82 billion EUR (equivalent to 1.94 billion USD), down 0.9% compared to the same period last year.

However, the EU still increased coffee imports from Vietnam in the first two months of this year, up 24.5% over the same period last year, reaching 318 million EUR (equivalent to 340 million USD), according to the Vietnamese Ministry of Industry and Trade.

Vietnam's coffee market share in the total import value of the EU from the extra-bloc market increased from 13.9% in the first two months of 2023 to 17.46% in the first two months of 2024.

In Japan, the value of coffee imports from this market in January 2024 reached 120.1 million USD, an increase of 22.4% compared to January 2023. Of which, Japan imported 38.3 million USD worth of coffee from Vietnam, accounting for 31.91% of the market share. In general, the above decrease only occurred in the short term due to increased consumption demand.

Source: https://congthuong.vn/gia-ca-phe-xuat-khau-dien-bien-trai-chieu-ca-phe-robusta-giang-co-319480.html