Sharp decline at 2 exchanges

Specifically, in Di Linh, Lam Ha, Bao Loc districts ( Lam Dong ), today's coffee price is purchased at 121,000 VND/kg.

In Cu M'gar district ( Dak Lak ), today's coffee price is at 121,900 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho (Dak Lak), today's coffee price is purchased at the same level of 121,800 VND/kg.

Similarly in Dak Nong province, today's coffee purchase price is at 122,100 VND/kg in Gia Nghia and 122,000 VND/kg in Dak R'lap.

In Gia Lai province, coffee price today is at 121,900 VND/kg (Chu Prong), in Pleiku and La Grai the price is 121,800 VND/kg.

Today's coffee price in Kon Tum province is purchased at 121,900 VND/kg.

The domestic coffee market is stable compared to the same time yesterday.

Vietnam exported 37,000 tons of coffee abroad in the first half of August 2024. The average price of exported coffee reached a new high of 5,293 USD per ton, up 81% compared to last year.

Since the beginning of the 2023-2024 crop season, the total coffee export volume is more than 1.3 million tons. This amount of coffee exports accounts for 90% of the total output of the current crop season. Compared to the previous crop season, the amount of coffee exports decreased by 12.4%.

At the end of the most recent trading session, the price of Robusta coffee in London for September 2024 delivery decreased by 248 USD/ton, at 4,700 USD/ton, and for November 2024 delivery decreased by 232 USD/ton, at 4,497 USD/ton.

Arabica coffee price for September 2024 delivery decreased by 3.55 cents/lb, at 244.05 cents/lb, and for December 2024 delivery decreased by 3.10 cents/lb, at 242.10 cents/lb.

Coffee prices could fall in the short term due to overbuying, traders said. The Brazilian real has fallen against the dollar, giving Brazilian coffee producers the opportunity to boost exports.

Coffee prices are falling on expectations of rising inventories. Despite the downward pressure, coffee prices remain high due to limited supplies from Vietnam and concerns about the upcoming crop in Brazil.

Source: https://baodaknong.vn/gia-ca-phe-hom-nay-3-9-2024-tut-doc-manh-tai-2-san-giao-dich-228274.html