Coffee prices today (June 2) in the domestic market increased by 1,000 VND/kg. Accordingly, the highest transaction price in the localities was 61,800 VND/kg, recorded in Dak Nong province.
Update domestic coffee prices
According to a survey at giacaphe.com at 08:45, today's coffee price increased by 1,000 VND/kg.
According to records, localities are purchasing coffee at prices ranging from 61,200 - 61,800 VND/kg.
Specifically, Lam Dong province has the lowest price of 61,200 VND/kg. Next is Gia Lai province with the price of 61,500 VND/kg.
At the same time of survey, Dak Lak province had a purchase price of 61,700 VND/kg.
Dak Nong recorded a transaction price of 61,800 VND/kg - the highest among the surveyed localities.
| Market | Medium | Change |
| Dak Lak | 61,700 | +1,000 |
| Lam Dong | 61,200 | +1,000 |
| Gia Lai | 61,500 | +1,000 |
| Dak Nong | 61,800 | +1,000 |
| USD/VND exchange rate | 23,280 | -15 |
Unit: VND/kg
Exchange rate according to Vietcombank
Coffee price developments from January to June 2. (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 July 2023 was recorded at 2,605 USD/ton after increasing by 1.92% (equivalent to 49 USD).
The price of Arabica coffee for July 2023 delivery in New York was at 183.05 US cents/pound after increasing 2.46% (equivalent to 4.4 US cents) at the time of survey at 6:45 (Vietnam time).
Photo: Anh Thu
A new US bill designed to spearhead research into coffee plant diseases is being considered by Congress. Big moves are being made for the coffee industry in Washington's corridors of power.
If the campaign goes as planned, lawmakers on Capitol Hill will vote on the proposed coffee bill in Congress this year or next, according to Global Coffee Report.
Called the Coffee Plant Health Initiative Amendments Act (CPHIAA), the bill updates existing law introduced by the U.S. Department of Agriculture (USDA) in 2014 and is designed to accelerate research on plant disease threats like coffee leaf rust (CLR) and coffee berry borer (CBB).
It expands the original scope of the initiative to include all pests, diseases and noxious weeds plus research from phenology, pest management development to genomics.
While CPHIAA failed to pass last year, Representative Jill Tokuda of Hawaii reintroduced it for consideration this year with bipartisan co-sponsors. The goal is to include it as an amendment to the 2023 farm bill, which will be reviewed and renewed every five years. The 2018 bill expires in September.
“Congress was focused on the elections last year, so we weren’t surprised that the bill stalled,” said Suzanne Shriner, a second-generation smallholder coffee farmer in South Kona, Hawaii, who directs the Hawaii Synergistic Agriculture Council (SHAC). She spearheaded the push for CPHIAA. “This is the year of the Farm Bill, and the timing has never been better.”
Dr. Jennifer “Vern” Long, Executive Director of World Coffee Research (WCR), agrees and hopes that at this point, CPHIAA will be considered a “no-brainer” for inclusion.
“However, there are many people competing for Congress’ attention right now, so we cannot take for granted that they are listening to us. That is why we have mobilized many WCR member companies to contact their legislators to let them know about this bill and our hope that it will pass,” Mr. Long added.
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