Coffee prices today (July 18) in the domestic market increased by 100 - 200 VND/kg. Currently, the lowest transaction price is 65,000 VND/kg, recorded in Lam Dong province.
Update domestic coffee prices
According to giacaphe.com , coffee prices today increased by 100 - 200 VND/kg.
In particular, localities are purchasing coffee at prices ranging from 65,000 - 65,700 VND/kg.
Specifically, Lam Dong province has the lowest price of 65,000 VND/kg, an increase of 100 VND/kg. Next is Gia Lai province with the price of 65,400 VND/kg, an increase of 200 VND/kg.
At the same time of survey, Dak Lak province had a purchase price of 65,600 VND/kg, an increase of 200 VND/kg.
Dak Nong recorded a transaction price of 65,700 VND/kg - the highest among the surveyed localities after an increase of 100 VND/kg.
| Market | Medium | Change |
| Dak Lak | 65,600 | +200 |
| Lam Dong | 65,000 | +100 |
| Gia Lai | 65,400 | +200 |
| Dak Nong | 65,700 | +100 |
| USD/VND exchange rate | 23,430 | -10 |
Unit: VND/kg
Exchange rate according to Vietcombank
Coffee price developments from January to July 18. (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 September 2023 was recorded at 2,552 USD/ton after increasing by 0.47% (equivalent to 12 USD).
The price of Arabica coffee for September 2023 delivery in New York was at 155.8 US cents/pound after decreasing 3.11% (equivalent to 5 US cents) at the time of survey at 6:10 a.m. (Vietnam time).
Photo: Anh Thu
Coffee sellers in Bengaluru said that due to inflation, coffee prices have increased slightly in July and will continue to increase in the coming months. Customers can expect a hike of 10 to 25 per cent, depending on the brand and type of coffee.
Currently, filter coffee is selling at Rs 300 per kg, while instant coffee is priced at Rs 500 at some shops in Bengaluru. There has been a slight increase from Rs 280 per kg for filter coffee and Rs 450 for instant coffee in May and June.
Hotels and restaurants are planning to hike prices to meet the rising cost of coffee and possibly milk in the coming weeks. Coffee in darshinis priced between Rs 10 and Rs 15 will go up by at least 10 per cent, sources in hotel associations across the state said.
“The prices of commodities have skyrocketed, not just temporarily. Our electricity bills have skyrocketed in the last two months. Our restaurant space is not ours and the landlord has also increased the rent,” said Praveen D Jathan, member of the Karnataka Hotels Association.
“If we don’t increase food prices, how will we meet our profits? Not only hotels, but homemakers, small eateries and coffee vendors are also finding it difficult to increase prices across categories,” Mr. Praveen D Jathan asked.
In Bengaluru, small coffee bean shop owners said the price of coffee beans had increased. A 50kg bag that used to cost Rs 12,800 has now gone up to Rs 14,000. “Earlier, we used to buy 500g of coffee for Rs 200, now it has gone up to Rs 220 and our monthly budget is increasing,” said Sudha Kumar, a resident of Banashankari.
Some coffee traders said they have many other costs to consider, such as electricity prices, coffee quality and staff salaries, according to The New Indian Express.
“Milk prices are likely to go up by Rs 3-5, coffee prices are also going up and coffee prices are not going to come down anytime soon. These are not temporary prices, they will last and to maintain quality we will have to increase prices,” said PC Rao, president of the Bengaluru Bruhat Hotels Association (BBHA). He added that restaurants are selling coffee at Rs 12 a cup and it could go up to Rs 15-20 a cup in some places.
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