Category: Forex News, News

Coffee prices today, August 21st: Slight increase even though world Robusta prices decrease

Domestic coffee prices today

Coffee prices today in the domestic market increased slightly compared to the previous session. According to giacaphe. com, the average coffee price on August 21st was 97,900 VND/kg, an increase of 100 VND/kg.

In Dak Lak, coffee prices were recorded at 97,900 VND/kg, an increase of 200 VND/kg compared to the previous session.

In Lam Dong, coffee prices reached 97,300 VND/kg, an increase of 100 VND/kg. This is the lowest level among the surveyed areas.

In Gia Lai, coffee prices are at 97,900 VND/kg, an increase of 200 VND/kg.

The old Dak Nong area recorded a level of 98,000 VND/kg, unchanged compared to the previous session. This is the highest level in today’s price list.

The increase is not large, but it helps the price level continue to hold close to the 98,000 VND/kg zone after previous strong fluctuations.

The USD/VND exchange rate according to Vietcombank was recorded at 25,870 VND/USD, down 90 VND.

banner image

World coffee prices

In the world market, coffee prices in the most recent session diễn biến trái chiều (developed in opposite directions).

According to Barchart, the September 2026 Arabica futures contract closed up 4.10 US cents/lb, equivalent to 1.14%. Conversely, the September 2026 Robusta futures contract fell 16 USD/ton, equivalent to 0.43%.

Barchart said Arabica increased as it continued to consolidate below the 6.5-month high price range. Meanwhile, Robusta was under pressure as Robusta inventory certified on ICE rose to a 5.25-month high.

This development shows that the support from the world market is not even. For Vietnam, Robusta is still the group that has a more direct impact on domestic purchasing prices, so the slight decrease in Robusta makes the domestic upward momentum only at a modest level.

Coffee price assessment

Domestic coffee prices increased slightly by 100-200 VND/kg in many regions, but have not created a clear breakthrough. The highest price level is currently at 98,000 VND/kg, still lower than the 100,000 VND/kg mark that the market had previously noticed.

A noteworthy point is that domestic prices still increased slightly even though Robusta London decreased in the most recent session. This shows that domestic prices are still affected by real supply and demand, the amount of goods in the people, the purchasing demand of export businesses and exchange rate fluctuations.

According to Barchart, drier weather in Brazil may support harvest progress, creating a price holding factor. Cooxupe Cooperative said harvests reached 81.1% as of August 14, up from last week but still lower than 86.1% in the same period last year.

Domestically, according to the Ministry of Agriculture and Environment, in July, Vietnam exported about 147,600 tons of coffee, worth 639.5 million USD. Accumulated in the first 7 months of the year, coffee exports reached about 1.2 million tons, an increase of 10.8% in volume but turnover decreased by 11.2%, to 5.45 billion USD. The main reason is that the average export price decreased by 19.9% compared to the same period, down to 4,537 USD/ton.

Regarding the weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 21, the Central Highlands area will have showers and thunderstorms in some places; especially in the afternoon and evening there will be showers, scattered thunderstorms, locally heavy rain. Lowest temperature 20-23 degrees C, highest 27-30 degrees C.

This season’s thunderstorms need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.

In the coming sessions, the diễn biến of Robusta London, Arabica New York, USD/VND exchange rate, inventory and demand for export purchases will continue to dominate the domestic price level.




Source link

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment