For the first time, the price of coffee at the beginning of the season was more than 100 thousand VND/kg

Espresso costs at the moment, October 20: Diminished for the third consecutive week

Closing this weekend’s buying and selling session, Robusta espresso costs on ICE Futures Europe London flooring circled, supply time period November 2024 elevated by 17 USD, buying and selling at 4,702 USD/ton. Supply time period January 2025 elevated by 17 USD to commerce at 4,615 USD/ton. Low buying and selling quantity.

Arabica espresso costs on ICE Futures US New York elevated, supply time period in December 2024 elevated by 2.15 Cents, buying and selling at 257.30 Cents/lb. In the meantime, March 2025 supply futures elevated by 2.15 Cents, buying and selling at 256.00 Cents/lb. Excessive common buying and selling quantity.

Espresso costs at the moment, October 20, fluctuated between 111,100 – 111,700 VND/kg, down a complete of 1,900 – 2,100 VND/kg previously week and recorded the third consecutive week of decline.

Usually, espresso costs will proceed to stay within the excessive worth bracket on account of stock and output issues on account of hostile climate results within the two main rising nations, Brazil and Vietnam. In actual fact, in the long run, primary data remains to be contributing to slowing down the decline of espresso, from climate points in rising areas in Brazil to harvesting areas in Vietnam, monetary markets, and prices. transport…

Usually, consultants say the espresso market worth state of affairs subsequent week will rely tremendously on Brazil’s wet and sunny climate reviews. Farmers and agronomists in Brazil say the 2025 crop will probably be problematic even when rain helps crops bloom effectively within the coming weeks.

In accordance with consultants, the EU’s transfer to formally droop the Anti-Deforestation Rules (EUDR) has had a optimistic affect on the provision of espresso available on the market.

EUDR is claimed to be the principle worth driver for Robusta espresso in current months. Subsequently, as quickly as there was information that the EU proposed to postpone this legislation for a 12 months, Robusta costs plummeted from over 5,200 USD/ton to 4,600 USD/ton in lower than a month.

The market can also be ready for Vietnam’s new crop, though many forecasts present that the output of the world’s main Robusta producer and exporter could lower by 5-10% this season.

As well as, the USD elevated sharply for 3 consecutive weeks, whereas the Brazilian Actual fell to a 1-month low, selling promoting actions from Brazilian espresso producers. Whereas extra rain has appeared in Brazil in current weeks, it has additionally helped ease issues about provide.

Regardless of a current lower, present espresso costs within the Vietnamese home market are nonetheless a lot larger than earlier seasons.