While, coffee price Today, the domestic price increased by VND 200 / kg, with little change compared to yesterday (up VND 900 / kg), but keeping the price makes farmers “assured”. Coffee price in Dak Lak is now popularly traded at VND 33,600 / kg. Some districts like Cu M’gar (Dak Lak) have the highest price of 33,700 VND / kg, other districts in the province such as Ea H’Leo and Buon Ho town are lower, about 33,500 VND / kg. Robusta coffee prices in Dak Nong, Gia Lai and Kon Tum remained at VND 33,600 / kg. However, in Lam Dong, coffee prices are still lower, 33,000 – 33,300 VND / kg. The price of coffee delivered in Ho Chi Minh City port today also increased by VND 200 / kg to VND 34,900 / kg.
Meanwhile, the price of coffee on the world floor this morning increased more than 4%. Robusta coffee delivered in January2020 on Robusta (ICE Futures Europe) increased by 16 USD / ton, equivalent to 1.15%, to 1,402 USD / ton, delivered in March2020 increased by 20 USD / ton, equivalent to 1.43%, to 1,422 USD / ton. The price of arabica coffee delivered in December, 1919 on the floor (ICE Futures US) increased by US $ 5.55 / ton, equivalent to 5.06% to US $ 1,152 / ton, the March delivery price increased by US $ 5.30 / ton, equivalent to 4. , 78% to 1,162 USD / ton …
Vietnam Coffee – Cocoa Association forecasted that the 2019-2020 coffee output will decrease by about 15% compared to the 2018-2019 crop to about 25.5 million bags due to the impact of the price crisis during the period. As a result, many households have converted crops and abandoned coffee to grow other crops.
