Coffee price today August 18, 2024: Continuously increased slightly, but ended the week down 1,000 VND/kg
Coffee prices today, August 18, range from 117,300 - 118,100 VND/kg. This week, coffee prices have continuously increased slightly with an increase of less than 300 VND/kg.
In Di Linh, Lam Ha, Bao Loc districts (Lam Dong), coffee prices today are purchased at 117,300 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 118,100 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 118,000 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 118,100 VND/kg in Gia Nghia and 118,000 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 118,000 VND/kg (Chu Prong), in Pleiku and La Grai the price is also 118,000 VND/kg.
Today's coffee price in Kon Tum province is purchased at 118,000 VND/kg.
Coffee prices in the Central Highlands today are quite stable, with no significant fluctuations compared to yesterday. Although the world price of Robusta coffee has increased, domestic coffee prices have only increased slightly.
At the end of the most recent trading session, the price of Robusta coffee in London for September 2024 delivery increased by 94 USD/ton, at 4,665 USD/ton, and for November 2024 delivery increased by 74 USD/ton, at 4,452 USD/ton.
Arabica coffee prices for September 2024 delivery increased by 5.55 cents/lb, to 245.45 cents/lb, and for December 2024 delivery increased by 6.05 cents/lb, to 244.1 cents/lb.
Robusta coffee prices rose sharply by $339 a tonne this week, after rising more than $400 a tonne in the past two weeks, helped by expectations of a Fed rate cut, a weaker dollar and concerns about frost in Brazil.
Domestic coffee prices fell by an average of VND1,000/kg this week, continuing the downward trend of the past two weeks. Sluggish transactions and weak buying power were the main reasons.