November 15, 2024 | 20:28 GMT +7
Hotline: 0913.378.918
November 15, 2024 | 20:28 GMT +7
Hotline: 0913.378.918
Update on the latest domestic and world coffee prices on 03/09/2024
Around the world, the London and New York exchange prices on March 9 simultaneously dropped sharply.
In particular, the price of Robusta on the London exchange for delivery in May 2024 decreased by $ 84; down to about $ 3,297/ton. And the July 2024 delivery term price dropped sharply by $ 81; at $ 3,190/ton.
On the New York exchange, the price of Arabica delivered in May 2024 decreased by 7 cents; and fell to 185.20 cents/lb. And the term for delivery in July 2024 decreased sharply by 6.45 cents; at 183.45 cents/lb.
Latest Arabica and Robusta prices on 03/09/2024
World coffee prices today turned down sharply after 2 consecutive days of impressive increases. Two days earlier, high demand and concerns about supply shortages triggered automatic buying orders by funds and speculation, pushing Robusta prices on the London exchange to a 16-year high.
Currently, from a 16-year peak, the London exchange price has dropped by nearly $ 100/ton. Funds and speculation are forced to rebalance their business positions on this exchange.
Robusta prices are forecast to continue to increase as concerns about supply delays from Asia remain and inventories on the exchange have hovered at low levels since 2014.
Thus, world coffee prices on 03/09/2024 decreased sharply compared to yesterday.
The domestic market on March 9 turned down sharply by VND 700/kg compared to yesterday.
Specifically, in Lam Dong province, 3 districts of Di Linh, Bao Loc and Lam Ha are trading at the same level of VND 90,000/kg.
In Dak Lak, Cu M'gar district today is purchasing at VND 91,100/kg. Ea H'leo and Buon Ho districts are trading at a price of VND 91,000/kg.
In Dak Nong province, traders Gia Nghia and Dak R'lap are trading at VND 91,200 and VND 91,100/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 90,800/kg, while Pleiku and La Grai are maintaining the same price at VND 90,700/kg.
The purchasing price in Kon Tum today is VND 90,700/kg.
Domestic coffee prices today dropped sharply again after a period of continuous sharp increases. With a decrease of VND 700, the price of this agricultural product could not maintain the mark of VND 92,000/kg.
Thus, the domestic coffee price on 03/09/2024 is trading around the threshold of VND 90,400 - 91,800/kg.
Translated by Hoang Duy
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