Coffee prices today (June 18) fluctuated between 66,000 - 66,700 VND/kg. Over the past 6 days, the coffee market has been on an upward trend. At the end of the week, localities recorded an increase of 1,500 - 1,600 VND/kg compared to the beginning of the week.
Update domestic coffee prices
Coffee prices generally increased last week. Compared to the beginning of the week, provinces and cities recorded increases of about 1,500 - 1,600 VND/kg.
Of which, Lam Dong province recorded a transaction price of 66,000 VND/kg - the lowest level at the present time, an increase of 1,600 VND/kg.
Next, Kon Tum and Gia Lai provinces recorded a transaction price of 66,200 VND/kg, an increase of 1,600 VND/kg.
Dak Lak province is buying coffee at VND66,500/kg at the weekend after increasing by VND1,500/kg.
Dak Nong's purchase price is 66,700 VND/kg, an increase of 1,600 VND/kg.
Coffee price fluctuations last week. Unit: VND/kg. Compiled by: Anh Thu
Update world coffee information
ICO statistics show that in April this year, global coffee exports reached more than 10.1 million bags, down 2.6% compared to 10.4 million bags in the same period last year.
In the first 7 months of the 2022-23 crop year (October 22, 2022 to April 23, 2023), global coffee exports decreased by 6.2% (4.77 million bags) compared to the same period last year to 72.2 million bags. In the 12 months ending April 2023, Arabica coffee exports totaled 75.2 million bags, down 9.6% year-on-year; while Robusta exports reached 48.5 million bags, down 1%.
Green coffee alone accounts for more than 90% of total global coffee exports with 9.2 million bags in April, down 2.9% year-on-year.
Thus, this is the fifth consecutive month of decline in global green coffee exports since the beginning of the 2022-2023 crop year. Therefore, in the first 7 months of the 2022-2023 crop year, global green coffee exports only reached 64.9 million bags, down 6.4% compared to the previous crop year.
In the past 7 months, green coffee exports of Brazilian arabica decreased by 9% to 21 million bags; other arabica decreased by 13.8% to 11.2 million bags; Colombian arabica decreased by 15.3% to 6.3 million bags. Robusta alone increased to 26.4 million bags compared to 25.8 million bags in the same period of the 2021-2022 crop year.
With this result, the proportion of robusta coffee in total global coffee exports increased to 40.6% from 37.2% in the previous crop year. This is also the highest proportion of robusta in the structure of exported coffee beans in recent crop years. In contrast, the proportion of arabica decreased from 62.8% to 59.4%.
Instant coffee exports also fell 3.7% in April to 0.87 million bags. In the first seven months of the crop year, a total of 6.8 million bags of instant coffee were exported, down 4.3% from 7.1 million bags in the same period last coffee year.
In terms of proportion, instant coffee accounted for 9.4% of total global coffee exports, up slightly from 9.1% in April 2022. Brazil is currently the world's largest exporter of instant coffee, with a volume of 0.34 million bags in April.
Meanwhile, roasted coffee exports in April unexpectedly increased sharply by 38.6% to 72,925 bags. However, from October 2022 to April 2023, roasted coffee exports decreased slightly to 0.44 million bags, compared to 0.45 million bags in the same period last year.
Source
Comment (0)