Domestic coffee prices were updated at 4:30 a.m. on August 3, 2024 as follows, according to www.giacaphe.com, domestic coffee prices decreased slightly by 400-500 VND compared to yesterday, ranging from 122,600-123,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 122,800 VND/kg, the highest purchase price in Dak Nong and Dak Lak provinces is 123,000 VND/kg.
Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 122,900 VND, down 500 VND/kg, in Pleiku and La Grai the same price is 122,800 VND/kg; in Kon Tum province, coffee is purchased at 122,900 VND/kg, down 500 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 123,000 VND/kg, down 500 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 122,600 VND/kg, down 400 VND/kg.
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| Coffee price today August 3, 2024: Domestic price slightly decreased, world price simultaneously increased |
Coffee prices today, August 3, in Dak Lak province decreased slightly by 400 VND/kg compared to yesterday; in Cu M'gar district, coffee was purchased at about 123,000 VND/kg, and in Ea H'leo district, Buon Ho town, it was purchased at the same price of 122,900 VND/kg.
Coffee price list today 8/3/2024
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World coffee prices at 4:30 a.m. on August 3, 2024 were updated on the MXV Vietnam Commodity Exchange.
Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are updated by www.giacaphe.com as follows:
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| Coffee price today August 3, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com |
At the end of the trading session, the price of Robusta coffee on the London floor on August 3, 2024 at 4:30 a.m. increased to 3,822 - 4,227 USD/ton. Specifically, the delivery period for September 2024 is 4,227 USD/ton (up 2 USD/ton); the delivery period for November 2024 is 4,088 USD/ton (up 5 USD/ton); the delivery period for January 2025 is 3,947 USD/ton (up 6 USD/ton) and the delivery period for March 2025 is 3,822 USD/ton (up 8 USD/ton).
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| Coffee price today August 3, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com |
Arabica coffee prices on the New York floor on the morning of August 3, 2024 increased from 224.80 - 229.15 ent/lb. Specifically, the September 2024 delivery period is 229.15 cents/lb (up 0.84%); the December 2024 delivery period is 228.20 cents/lb (up 0.80%); the March 2025 delivery period is 226.70 cents/lb (up 0.60%) and the May 2025 delivery period is 224.80 cents/lb, up 0.60%.
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| Coffee price today August 3, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com) |
The price of Brazilian Arabica coffee increased slightly on the morning of August 3, 2024. Specifically, the delivery period for September 2024 is 289.00 USD/ton (up 1.31%); the delivery period for December 2024 is 283.00 USD/ton (up 1.04%); the delivery period for March 2025 is 276.85 USD/ton, up 0.65% and the delivery period for May 2025 is 275.35 USD/ton (up 1.46%).
Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day), Vietnam time.
Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 – 02:35 (next day), Vietnam time.
The market was pressured by increased supplies of Arabica and Robusta in Brazil, where the harvest is in its final stages. Indonesia is also supplying more Robusta to the market as its harvest enters its peak, broker Hedgepoint Global Markets said. However, a decline in Robusta exports from Vietnam continued to support prices.
According to the General Statistics Office, Vietnam's coffee exports in July 2024 reached 70,000 tons, down nearly 36% compared to July 2023. In the first 7 months of 2024, Vietnam's coffee exports reached 964,000 tons, earning 3.54 billion USD, down nearly 14% in volume but up 31% in value compared to the same period last year. Export turnover increased despite the decrease in volume due to coffee prices remaining high almost continuously since the beginning of the year.
To meet export and domestic consumption needs, businesses are forced to import coffee from neighboring countries such as Indonesia, Laos, Thailand, Brazil, Belgium, etc. Domestic Arabica coffee is only grown in a few areas, so the quantity is limited, while this type is of high quality, so it must be imported for consumption.
The coffee market had anticipated the Fed's decision to keep interest rates unchanged, so there was not much disruption. At the end of its two-day policy meeting (July 30-31), the US Federal Reserve (Fed) decided to keep its benchmark interest rate unchanged for the eighth consecutive time, but forecasted that it might adjust it next September.
Information for reference only. Prices may vary depending on time and location.
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