Coffee prices today (June 23) in the domestic market increased by 300 VND/kg. Accordingly, the highest transaction price in the localities was 66,500 VND/kg, recorded in Dak Nong province.
Update domestic coffee prices
According to a survey at 9:50, today's coffee price increased by 300 VND/kg.
According to records, localities are purchasing coffee at prices ranging from 65,800 - 66,500 VND/kg.
Of which, Lam Dong province has the lowest price of 65,800 VND/kg. Next is Gia Lai province with the price of 66,000 VND/kg.
At the same time of survey, Dak Lak province had a purchase price of 66,300 VND/kg.
Dak Nong recorded a transaction price of 66,500 VND/kg - the highest among the surveyed localities.
Market | Medium | Change |
Dak Lak | 66,300 | +300 |
Lam Dong | 65,800 | +300 |
Gia Lai | 66,000 | +300 |
Dak Nong | 66,500 | +300 |
USD/VND exchange rate | 23,310 | 0 |
Unit: VND/kg
Exchange rate according to Vietcombank
Coffee price developments from January to June 23. (Synthesis: Anh Thu )
Update world coffee prices
According to records, coffee prices on the world market fluctuated in opposite directions. Specifically, the online price of robusta coffee in London for delivery in July 2023 was recorded at 2,792 USD/ton after increasing by 1.20% (equivalent to 33 USD).
The price of Arabica coffee for July 2023 delivery in New York was at 170.25 US cents/pound after decreasing 1.16% (equivalent to 2 US cents) at the time of survey at 6:55 (Vietnam time).
Photo: Anh Thu
A Brazilian coffee research institute has begun the decisive phase of a two-decade project to develop naturally decaffeinated Arabica coffee varieties, a development that researchers say could have significant commercial potential.
The program is being developed at the Instituto Agronomico de Campinas (IAC), a leading coffee research center that has produced many of the high-yielding coffee plants that have helped Brazil become a powerhouse in the global coffee market, supplying more than a third of commercial coffee production.
Researchers at the IAC say they are starting field trials in the region of some varieties they have developed over several years by crossing different coffee plants that have very low caffeine content, using germplasm banks at their facilities.
If successful, the resulting varieties could find a niche market in major consuming regions such as Europe and the US among consumers who would prefer them over current decaffeinated brands that are the result of chemical or industrial processes.
Companies that sell decaffeinated coffee can also profit from reduced costs, since they can skip the industrial processes that remove caffeine from regular coffees.
“The results we have so far look promising, we are very optimistic,” said Julio Cesar Mistro, a researcher overseeing the project at IAC.
Several of the clones developed at the center are being grown in different regions of Brazil. Coffee plants typically take two to three years to produce their first berries, so it will still be a few years before researchers can harvest the coffee plants and test them.
Decaffeinated coffee consumption accounts for about 10% of the market in the US, according to data from the National Coffee Association (NCA), according to Reuters.
While many people drink coffee specifically for the energy boost provided by caffeine, some people are intolerant to it or prefer to drink "decaffeinated" coffee late in the day to avoid the possibility of disrupted sleep.
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