The highest increase is 200 VND/kg.

Coffee prices in the domestic market today (July 18th) increased by 100-200 VND/kg. Currently, the lowest trading price is 65,000 VND/kg, recorded in Lam Dong province.

Domestic coffee price update

According to giacaphe.com , coffee prices increased by 100-200 VND/kg today.

Local authorities are currently purchasing coffee at prices ranging from 65,000 to 65,700 VND/kg.

Specifically, Lam Dong province has the lowest price at 65,000 VND/kg, an increase of 100 VND/kg. Next is Gia Lai province with a price of 65,400 VND/kg, an increase of 200 VND/kg.

At the same time of the survey, the purchase price in Dak Lak province was 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
Boeing Nong	65,700	+100
USD/VND exchange rate	23,430	-10

Unit of measurement: VND/kg

Exchange rate according to Vietcombank.

Coffee price trends from January to July 18th. (Compiled by *Anh Thư* )

World coffee price update

According to reports, coffee prices on the world market fluctuated in opposite directions. Specifically, the online price of robusta coffee in London for September 2023 delivery was recorded at $2,552 per ton after increasing by 0.47% (equivalent to $12).

Arabica coffee futures for September 2023 delivery in New York were at 155.8 US cents per pound, after falling 3.11% (equivalent to 5 US cents) at 6:10 AM (Vietnam time).

Coffee vendors in Bengaluru say that due to inflation, coffee prices have risen slightly in July and are expected to continue increasing in the coming months. Customers can expect to see price increases ranging from 10 to 25%, depending on the brand and type of coffee.

Currently, drip coffee is selling for Rs 300/kg, while instant coffee is priced at Rs 500 at some shops in Bengaluru. There has been a slight increase from Rs 280/kg for drip coffee and Rs 450 for instant coffee in May and June.

Hotels and restaurants are planning to raise prices to reflect the rising cost of coffee and possibly milk in the coming weeks. Coffee in darshinis, which typically costs between 10 Rs and 15 Rs, will increase by at least 10%, according to sources from hotel associations across the state.

Praveen D Jathan, a member of the Karnataka Hotel Association, shared: “Prices of goods are skyrocketing, not just temporarily. Our electricity bills have surged in the last two months. We don’t own the restaurant space, and the landlord has also increased the rent.”

Mr. Praveen D Jathan asked: “If we don’t raise food prices, how can we meet our profits? Not only hotels, but also housewives, small eateries, and coffee vendors are finding it difficult to raise prices across the board.”

In Bengaluru, small shop owners selling ground coffee say the price of coffee beans has increased. A 50kg bag that previously cost Rs 12,800 has now risen to Rs 14,000. Sudha Kumar, a resident of Banashankari, said: “Before, we used to buy 500g of coffee for Rs 200, now the price has gone up to Rs 220 and our monthly budget is increasing.”

Some coffee business owners say they have many other costs to consider, such as electricity prices, coffee quality, and employee wages, according to The New Indian Express.

PC Rao, President of the Bruhat Bengaluru Hotel Association (BBHA), said: “It is likely that milk prices will increase by 3-5 Rs, coffee prices will also increase, and coffee prices will not come down anytime soon. These are not temporary prices; they will persist, and to maintain quality, we will have to raise prices.” He added that restaurants are selling coffee for 12 Rs/cup and possibly up to 15-20 Rs/cup in some places.

Source