We have seen Robusta coffee future on ICE hit $1,996 on 26th August, the highest price since October 2017 and continue to hit $2,070 on 31st August which was underpinned by the drawdown in exchange stocks, the outlook for increased consumption and shortage of supply.
With the increase of coffee future price on ICE, farm gate price jumps up to 40,500 VND/kg on the last days of August, which is 10,000VND higher than the same period last year.
https://simexcodl.com.vn/en/vietnam-coffee-monthly-round-up-august-2021/
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