Turn around and increase the highest by 1,300 VND/kg

Coffee prices today (July 22) in the domestic market increased by 1,200 - 1,300 VND/kg. Accordingly, the lowest transaction price was 66,200 VND/kg, recorded in Lam Dong province.

Update domestic coffee prices

According to giacaphe.com at 6:50, today's coffee price increased by 1,200 - 1,300 VND/kg.

In particular, localities are purchasing coffee at prices ranging from 66,200 - 66,900 VND/kg.

Specifically, Lam Dong province has the lowest price of 66,200 VND/kg, an increase of 1,300 VND/kg. Next is Gia Lai province at 66,500 VND/kg after an increase of 1,200 VND/kg.

At the same time of survey, Dak Lak province had a purchase price of 66,700 VND/kg, an increase of 1,200 VND/kg.

Dak Nong recorded a transaction price of 66,900 VND/kg, an increase of 1,200 VND/kg. This is also the highest transaction price among the surveyed localities.

Market	Medium	Change
Dak Lak	66,700	+1,200
Lam Dong	66,200	+1,300
Gia Lai	66,500	+1,200
Dak Nong	66,900	+1,200
USD/VND exchange rate	23,480	0

Unit: VND/kg

Exchange rate according to Vietcombank

Coffee price developments from January to July 22. (Synthesis: *Anh Thu* )

Update world coffee prices

According to records, coffee prices on the world market increased. Specifically, the online price of robusta coffee in London for delivery in September 2023 was recorded at 2,602 USD/ton after increasing by 2.60% (equivalent to 66 USD).

The price of Arabica coffee for September 2023 delivery in New York was at 161.85 US cents/pound after increasing 2.4% (equivalent to 3.8 US cents) at the time of survey at 6:55 (Vietnam time).

In May, coffee exports from South America continued to decline by 11.5% to 3.5 million bags, mainly due to a 12.3% decline in total exports from the region’s three main producing countries, Brazil, Colombia and Peru.

Brazil and Colombia saw their exports decline by 12.2% and 10.6%, respectively, to 2.5 million and just over 0.8 million bags. Unavailability of supply was the main reason behind the decline in exports from both countries.

Heavy rains cut Colombia's output by 21% in May, while Brazil's supplies are relatively tight after two consecutive years of below-average harvests, with the 2022-23 crop particularly affected by frost and drought.

As for Peru, its coffee exports continued to decline sharply by 24.9% due to adverse weather and political instability in major producing regions that have greatly affected export supplies. In addition, the export volume was unusually high compared to the same period last year.

Peruvian coffee exports increased by 54.7% in May 2022 to 137,948 bags, while the average export volume for May in the period 2014 - 2021 was 97,969 bags and the figure of 103,649 bags achieved in May 2023 is still 5.7% higher than the average.

Coffee exports from Africa also fell 7.2% in May and 5.8% in the first eight months of the current crop year to 8.1 million bags. Ivory Coast and Ethiopia were the main drivers of the region’s decline, with their combined exports falling 19.4% to 0.45 million bags in May.

However, exports from Central America and Mexico rose 12.4% in May to over 2.1 million bags, the third month of growth in the first eight months of the current coffee year. However, the region’s total coffee exports are still down slightly, by 2.1% in the first eight months of the 2022-23 crop year to 10 million bags.

Regionally, Honduras coffee exports increased 58% year-on-year to 0.8 million bags, the largest growth rate in May since the 80.4% increase achieved in 2000. This was due to a low base last year and some April shipments being delayed into May.

In the first eight months of the current crop year, Honduras exported a total of 3.6 million bags, up 7.5% compared to the same period last year.

Coffee exports from Asia and Oceania alone increased by 13.1% to 3.9 million bags in May and by 3.2% to 31.7 million bags in the first eight months of 2022-23. This was mainly due to a sharp 2.7-fold increase in coffee exports from Indonesia, the region’s main producer, to 0.6 million bags in May.

Source