Coffee price today August 16: Increased from 300-400 VND.
Coffee prices today, August 16, range from 116,900 to 117,600 VND/kg, up slightly from 300 to 400 VND compared to yesterday. Coffee prices in supermarkets are expected to increase by up to 30% by 2025.
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 116,900 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 117,600 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 117,500 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 117,600 VND/kg in Gia Nghia and 117,500 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 117,500 VND/kg (Chu Prong), in Pleiku and La Grai the price is 117,400 VND/kg.
Today's coffee price in Kon Tum province is purchased at 117,500 VND/kg.
The domestic coffee market slightly decreased by 300-400 VND compared to the same time yesterday.
Forecasts show that coffee prices could rise by up to 30% in supermarkets by 2025. The reason for this increase is believed to be the scarcity of coffee supply and increasing consumer demand, especially in Asian countries where coffee drinking culture is growing strongly.
At the end of the most recent trading session, the price of Robusta coffee in London for September 2024 delivery increased by 74 USD/ton, at 4,564 USD/ton, and for November 2024 delivery increased by 67 USD/ton, at 4,359 USD/ton.
Arabica coffee prices for September 2024 delivery increased by 2 cents/lb, to 239.00 cents/lb, and for December 2024 delivery increased by 2.3 cents/lb, to 236.95 cents/lb.
Coffee exports to the European market are becoming increasingly stringent, creating many challenges for the agricultural sector, especially the coffee sector. New regulations such as anti-deforestation and the Carbon Border Adjustment Mechanism (CBAM) are affecting global agricultural products and determining markets.
The coffee market is suffering from uncertainties due to weather conditions in producing countries, global climate change and recent geopolitical instability. Any negative news can cause major fluctuations in the coffee market, especially in a sensitive market.
The market has been on a sine wave since the start of the week, with the dollar falling and the Brazilian real rising, encouraging strong buying. The strengthening of the Brazilian real has prompted the closing of short positions in coffee futures, especially as the real rose to a four-week high against the dollar on Wednesday.
News of frosty weather has caused confusion, and speculators are trying to protect their capital. Agricultural experts assess that, although there are light and localized frosts in southern Brazil, this will not significantly affect the coffee growing region.