At the end of this morning's trading session (28-3), Robusta coffee prices on the London-UK floor fell from 1. 47% - 1. 58% while Arabica prices on the New York US floor dropped from 2. 54% - 3. 37%.
The Robusta coffee prices are as follows:
The May 2025 delivery deadline is $86 per ton, down to $5351 per ton.
The delivery deadline for July 2025 is $82 per ton, down from $5361 per ton.
The monthly delivery deadline of September 2025 is reduced by $80/ton, to $5327/ton.
The November 2025 delivery deadline is reduced by $78 per ton, to $5246 per ton.
Looking back at the price of Robusta coffee this trading session, it has fallen to its lowest level since reaching a record $5,821 per ton recorded on February 13 (Vietnam time), losing $470/ton.
In Vietnamese currency, today's coffee price on the London floor has dropped from nearly 2,000 VND to 2,200 VND/kg.
Meanwhile, in the domestic market, coffee prices dropped by 2,000 VND last evening to 133,400 VND/kg and are expected to fall further today following price movements on the floor this morning.
The price of Arabica coffee dropped sharply during today's trading session, with the latest delivery deadline being May - 2025 falling to $290/ton and $8,350/ton, about VND212 million per ton.
Recent developments in coffee prices are somewhat puzzling as the market is nearing its end, supply tight but prices falling.
Regarding the price of coffee on the London floor and domestic prices there are differences, Mr. Thai Như Hieu, Vice President of Vietnam Cocoa Coffee Association (VICOFA), said that the two markets operate relatively independently.
Over time, the price of coffee has risen. the world We don't buy things to stock up on, we only buy them when they are needed and when they need to be bought at any price.
"At the time of the price on the London market $ 5,800 per ton, equivalent to 146 million VND / ton but the price in Vietnam is only 133,000 VND / kg and they did not buy it because there was no need", he said.
He also said that in the past, export prices were based on London's floor price and excluding transportation costs from Vietnam to London warehouses.
Originally published by Jehovah's Witnesses.
See also https://baogialai.com.vn/gia-ca-phe-hom-nay-28-3-lao-doc-thap-nhat-6-tuan-qua-post316517.html
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