Continued increase across the board

Coffee prices today (June 7) in the domestic market increased by 100 VND/kg. Currently, the highest transaction price in the localities reached 61,900 VND/kg, recorded in Dak Nong province.

Update domestic coffee prices

According to a survey at giacaphe.com at 9:50, today's coffee price increased by 100 VND/kg.

According to records, localities are purchasing coffee at prices ranging from 61,300 - 61,900 VND/kg.

Specifically, Lam Dong province has the lowest price of 61,300 VND/kg. Next is Gia Lai province with the price of 61,600 VND/kg.

At the same time of survey, Dak Lak province had a purchase price of 61,800 VND/kg.

Dak Nong recorded a transaction price of 61,900 VND/kg - the highest among the surveyed localities.

Market	Medium	Change
Dak Lak	61,800	+100
Lam Dong	61,300	+100
Gia Lai	61,600	+100
Dak Nong	61,900	+100
USD/VND exchange rate	23,290	-10

Unit: VND/kg

Exchange rate according to Vietcombank

Coffee price developments from January to June 7. (Synthesis: *Anh Thu* )

Update world coffee prices

According to records, coffee prices on the world market fluctuated in opposite directions. Specifically, the online price of robusta coffee in London for delivery in July 2023 was recorded at 2,614 USD/ton after increasing by 0.27% (equivalent to 7 USD).

The price of Arabica coffee for July 2023 delivery in New York was at 182.6 US cents/pound after decreasing 0.27% (equivalent to 0.5 US cents) at the time of survey at 6:25 a.m. (Vietnam time).

Green coffee is trading at Sh7,800 per kg at Rushango Town Council, Ibanda North District. Farmers and traders said this is the highest price recorded in five years due to increased demand from coffee exporters and processors in Kampala.

According to Tanazio Monday, a coffee farmer and processor at Rushango Town Council, this is the highest price farmers have seen in more than five years. Farmers are happy and hope prices will rise further. Some who have abandoned their plantations are trying to recover.

Geoffrey Katatsya, a coffee trader in the town of Ibanda, expects prices to rise further in the coming weeks due to demand and the quality of the beans. The robusta harvest season began in mid-April and is expected to end in the second half of July.

Meanwhile, Arabica coffee beans fell, trading at Sh9,000 per kg from Sh9,500 per kg previously.

Mr Katatsya attributed the decline to low-quality coffee beans as the arabica harvest season has ended. “Currently, the coffee beans coming to the market are small in size and of poor quality, with low yields,” he said.

The next arabica coffee harvest season begins in September, according to New Vision .

According to the Uganda Coffee Development Authority's indicative prices for June 5, Kiboko coffee was at Sh3,500 - Sh3,800/kg, FAQ (fair quality) ranged from Sh7,500 - Sh8,000/kg, arabica parchment was at Sh8,500 - Sh9,000/kg and Dry Uganda arabica (drugar coffee) (clean) was priced at Sh8,000 - Sh8,500/kg.

Source