Coffee price today August 17: Slight increase of 200 VND/kg
Coffee price today August 17, 2024 is in the range of 117,000 - 117,800 VND/kg, a slight increase of 200 VND compared to yesterday.
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 117,000 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 117,800 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho district (Dak Lak), the coffee price today is purchased at the same level of 117,700 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 117,800 VND/kg in Gia Nghia and 117,700 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 117,700 VND/kg (Chu Prong), in Pleiku and La Grai the price is 117,600 VND/kg.
Today's coffee price in Kon Tum province is purchased at 117,700 VND/kg.
The domestic coffee market increased slightly by 200 VND compared to the same time yesterday.
At the end of the most recent trading session, the price of Robusta coffee in London for September 2024 delivery increased by 57 USD/ton, at 4,628 USD/ton, and for November 2024 delivery increased by 28 USD/ton, at 4,406 USD/ton.
Arabica coffee price for September 2024 delivery increased by 2.60 cents/lb, to 242.50 cents/lb, and for December 2024 delivery increased by 2.95 cents/lb, to 241.00 cents/lb.
Coffee organizations and associations around the world, including major ones like the Global Coffee Forum and national coffee associations, have expressed serious concerns about the new EU Deforestation-Free Supply Chains (EUDR) law. The law, which is expected to come into effect by the end of 2024, aims to prevent deforestation in the European supply chain of products, including coffee.
The EUDR law poses major challenges for the global coffee industry, especially for smallholder farmers. Coffee organizations are calling on the EU to review some of the law’s provisions to minimize the negative impacts on the coffee industry and ensure its sustainable development.
The EUDR law will have a significant impact on the Vietnamese coffee industry. Vietnam is one of the world's largest coffee exporters and the EU is an important market for Vietnamese coffee. If Vietnam fails to meet the requirements of the new law, Vietnamese coffee products may be banned from being imported into the EU, causing great damage to our coffee industry.
