coffee prices world
In the early morning of January 23 (Vietnam time), the price of Robusta coffee for delivery in January 11, 2024 increased by $11/tonne on the London floor, and the price of Robusta coffee for delivery in January 2024 increased to $4,805/tonne. ton, $14/ton.
In New York stores, the price of Arabica coffee, scheduled to be delivered in 2024, increased by 1,05 cents/lb to 296,75 cents/lb, and the price of Arabica coffee, scheduled to be delivered in 3, 2025, increased by 1,10 cents/lb to 295,65 cents/lb. lb.
domestic coffee price
The current domestic coffee price is 115,000 to 115,500 VND/kg, a slight increase of 200 VND/kg from yesterday.
Coffee prices rose slightly today.
Especially in Di Linh, Lam Ha and Bao Loc districts, the price of coffee today was 115,000 VND/kg.
In Cu M’gar district (Đắk Lắk) the price of coffee today is 115,500 VND/kg. Today’s coffee price in Buon Ho (Dak Lak) Ea H’leo district is 115,400 VND/kg.
Similar in the provinces Dak Nong, today’s coffee price is 115,500 VND/kg in Gia Nghia and 115,400 VND/kg in Dak R’lap.
In the province of Gia Lai, the price of coffee today is 115,400 VND/kg (Chu Prong), and in Pleiku and La Grai, the same price is 115,300 VND/kg.
And in the provinces, it was corn porridge’s turn, and today’s coffee was purchased at 115,400 VND/kg.
The global coffee market is experiencing a lot of volatility, especially for the two most popular coffee types: Robusta and Arabica. Experts say there are many factors affecting the global coffee market, with global economic conditions having a direct impact on supply, demand and prices for this commodity. Therefore, farmers, businesses, and consumers must prepare for changes in coffee prices.
According to consulting firm Safras & Mercado, global coffee prices may continue to rise in the near future, in part because Brazilian coffee farmers have sold large quantities of coffee production in the current crop year. The current supply of Arabica coffee on the market is gradually drying up.
Additionally, Arabica supply is under pressure due to dry weather in Brazil and Colombia, and import demand from the US, Europe, and Japan is increasing in preparation for the year-end and New Year holidays. Robusta coffee shortages in Vietnam and Brazil have further increased the value of Arabica in the market.
Also, in Brazil, farmers sold 70% of their crops, which is higher than the average for the past five years, increasing interest in next year’s crops.
Ngoc Vi
Here are two PAA (People, Animals, and the Environment) related questions for the provided text:
## World Today News Interveiw: Coffee Price Trends
**Host:** Welcome to World Today News. Today, we’re diving deep into the recent fluctuations in coffee prices, both globally and here in Vietnam.
We’re joined by two esteemed guests: **[Guest 1 Name]**, a renowned coffee market analyst, and **[Guest 2 Name]**, a Vietnamese coffee farmer with years of experience in the industry.
**Welcome to both of you. Let’s start by discussing the overall global picture.**
**[Guest 1 Name], what are the primary factors driving the volatility we’re seeing in the global coffee market?**
*This question encourages the analyst to discuss the major contributing factors like climate changes impacting production in Brazil and Colombia, the impact of economic conditions on supply and demand, and the role of global events.*
**[Guest 2 Name], as a coffee farmer in Vietnam, how are these global trends impacting your practices and decision-making?**
*This question allows the farmer to share the on-the-ground perspective, discussing their challenges in responding to price fluctuations, potential adjustments to farming practices, and their outlook for the future.*
**(Transition to Domestic Market)**
**Now, let’s shift our focus to the Vietnamese coffee market, where we see a slight increase in prices.**
**[Guest 2 Name], you’re based in [Vietnamese province mentioned in the article]. Can you elaborate on the current price situation in your region? What are the main factors influencing this slight increase? Is this trend expected to continue?**
*This question encourages the farmer to provide specific details about local price trends and discusses the interplay between domestic market demand, global market trends, and local farming practices.*
**[Guest 1 Name], what is your outlook for the Vietnamese coffee market in the coming months? Are there any potential risks or opportunities that Vietnamese coffee producers should be aware of?**
*This question allows the analyst to offer a broader perspective on the Vietnamese coffee market, potentially discussing factors like competition with other coffee-producing countries, consumer preferences, and the impact of government policies.*
**(Transition to Importing Countries)**
**let’s talk about the consumers. The article mentions increased import demand from countries like the U.S., Europe, and Japan. [Guest 1 Name], how are these importing countries responding to the rising coffee prices? What are some potential implications for coffee drinkers around the world?**
*This question prompts the analyst to discuss the impact on consumer behavior, potential price increases for coffee in importing countries, and possible shifts in coffee consumption patterns.*
**(Closing Remarks)**
**Host:** Thank you both for providing such insightful perspectives on the complex landscape of coffee prices. As we’ve learned today, the coffee market is influenced by a multitude of factors, from weather patterns to global economic trends. It’s important for everyone involved in the coffee industry – from farmers to consumers – to stay informed and adapt to these ever-changing circumstances. Thank you for joining us on World Today News.
