.jpg "Coffee price today 10/2: Domestic coffee slowed down before dropping")
Domestic coffee prices
Coffee prices today in the Central Highlands region unchanged. For the whole region, the price of coffee fluctuates in the range of VND 30,500 – 31,000 / kg. In particular, the price of coffee in Lam Dong province is the lowest and highest in Dak Lak, according to tintaynguyen.com.
Specifically, in Di Linh district (Lam Dong), today's coffee price is VND 30,400 / kg. In Bao Loc district (Lam Dong) and Lam Ha (Lam Dong) the price of coffee fluctuates at VND 30,500 / kg.
In Cu M'gar district (Dak Lak), today's coffee price is VND 30,800 / kg. In Ea H'leo district (Dak Lak), Buon Ho (Dak Lak), coffee price today was purchased at VND 30,900 / kg.
In Dak Nong and Gia Lai provinces, the price of coffee today is VND 30,800 / kg.
In Kon Tum province, the price of coffee today was purchased at VND 30,700 / kg.
World coffee prices
The price of robusta coffee delivered in March 2020 decreased 1.1% to 1,267 USD / ton. Arabica coffee prices increased 0.6% to 98.8 USCent / pound.
According to the January 2020 Coffee Market Report of the International Coffee Organization (ICO), the total output of South American coffee in the 2019-2020 crop is estimated at 168.71 million bags, down 0.9%. .
Expected lower yields in Africa and South America, respectively reducing 2.3% to 18.19 million bags and 4.7% to 78.33 million bags. However, in Asia and Oceania, production is estimated at 50.65 million bags, up 5.4% while production from Mexico & Central America is estimated to increase 0.9% to 21.54 million bags.
During this period, shipments of arabica coffee decreased by 10.1% to 18.28 million bags but robustas exports increased by 2.7% to 10.73 million bags. The decline in arabica coffee exports was mainly due to the decline in shipments of producing countries and Brazil, respectively down 13.8% to 4.22 million bags and 13.3% to 9.95 million. sack.
It is forecasted that by 2020, Arabica coffee prices will recover due to a decrease in global coffee exports, while demand increases. According to the USDA, for the 2019/2020 crop, global coffee exports are expected to decrease by 4.7 million bags, to 115.4 million bags due to the reduction in exports by Brazill and Honduras; Global coffee consumption in the 2019/2020 crop is forecast to increase by 1.5% compared to the 2018/19 crop, to 167.9 million bags.
In particular, China will be the main consumer of coffee in 2020. According to Starbucks Coffee Company – a famous US coffee brand, with the speed of expanding 500 stores / year in China, Starbucks ordered The goal is to increase the number of stores in China to 6,000 by 2022.
