Coffee prices break records, many Vietnamese traders are in an "offside" situation

Coffee prices continue to "escalate", what scenario will happen in the near future? Coffee export prices increase when supply from Vietnam is forecast to decrease by 20%

In just the first two days of the week, the price of coffee on the London robusta coffee market has increased by 107 USD/ton and is currently at 3,465 USD/ton for the May delivery period, and 3,225 USD/ton for the November delivery period. Along with that is a large volume of commodity transactions.

Similarly, Arabica coffee on the New York floor also increased sharply in all terms. Specifically, the May delivery term increased by 52.8 USD to 4,143 USD/ton. The remaining terms also increased by an average of 50 USD/ton…

Giá cà phê phá vỡ kỷ lục, nhiều nhà buôn Việt Nam vào tình huống

Coffee prices break records and are approaching the 100,000 VND/kg mark.

The increase in world coffee prices has fueled the domestic coffee market. Accordingly, coffee prices in the Central Highlands provinces are currently at an extremely high level, with Dak Nong at 98,300 VND/kg, Dak Lak at 98,200 VND/kg, Gia Lai at 98,000 VND/kg and Lam Dong at 97,900 VND/kg.

Many forecasts say that the price of coffee in the Central Highlands may reach and surpass the 100,000 VND/kg mark this week. This will be a historic week for the world coffee market.

Faced with the rising trend of coffee prices, many businesses said they were in a difficult situation. The reason is that many coffee growers have not delivered to agents with whom they had previously agreed on prices. Agents, due to lack of goods from farmers, have also not delivered to exporters, causing chaos in the export business...

Mr. Nguyen Ngoc Luan, CEO of Global Trade Links Company (Meet More) - shared that coffee prices are increasing too high and abnormally. The company itself could not predict the current sharp increase, leading to production difficulties because export orders signed with customers before now have to pay high prices to have goods delivered to customers.

“Since after Tet until now, we have been selling at a loss,” said Mr. Luan, adding that the company can only buy raw materials in small quantities to complete orders, and is refusing to accept large orders because accepting more will only result in more losses.

According to Mr. Phan Minh Thong, Chairman of Phuc Sinh Group, domestic coffee prices continue to increase every day and are sold in small quantities, companies that buy goods to deliver signed contracts are suffering unprecedented losses. The price loss is tens of millions of dong per ton, while the coffee contract is for hundreds to thousands of tons. Mr. Thong affirmed that the amount of loss is unimaginable, the damage is huge.

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