December 22, 2024 | 05:16 GMT +7
Hotline: 0913.378.918
December 22, 2024 | 05:16 GMT +7
Hotline: 0913.378.918
Update on the latest domestic and world coffee prices on 03/25/2024
In the world, the London and New York exchange prices on March 25 continued to move sideways.
In particular, Robusta's price on the London exchange for delivery in May 2024 remained at $ 3,358/ton. And the July 2024 delivery term is anchored at $ 3,264/ton.
On the New York exchange, Arabica's price for delivery in May 2024 is holding at 184.85 cents/lb. And the July 2024 delivery date is at 184 cents/lb.
Latest Arabica and Robusta prices on 03/25/2024
World coffee prices today have no new fluctuations. Last week, the price of Robusta futures for May delivery increased by $ 50/ton, while the price of Arabica for May delivery increased by 1.9 cents/lb.
According to Nikkei Asia, the global spot price of this agricultural product is near record levels, driven by growing demand from China's middle class. Meanwhile, some major producers appear to be facing reduced output due to poor crop performance.
In addition to adverse weather such as high temperatures and drought in Southeast Asia caused by the El Nino phenomenon, some farmers are switching to growing other more effective crops such as durian, and rubber,... which is also the reason why coffee output is shrinking.
Currently, Robusta beans are cheaper than Arabica. Taisuke Horie - Director of the beverage department at trading company Marubeni said: “Some retailers are replacing Arabica with Robusta in an effort to avoid skyrocketing retail prices”.
“Growing demand is tightening Rbusta supply, leading to higher prices,” he added.
Thus, world coffee prices on 03/25/2024 simultaneously moved sideways compared to yesterday.
The domestic market on March 25 had no new fluctuations 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 94,400/kg.
In Dak Lak, Cu M'gar district today is purchasing at VND 94,800/kg. Ea H'leo and Buon Ho districts are trading at a price of VND 94,700/kg.
In Dak Nong province, traders Gia Nghia and Dak R'lap are trading at VND 95,000 and VND 94,900/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 94,800/kg, while Pleiku and La Grai are both maintaining the price of VND 94,700/kg.
The purchasing price in Kon Tum today is VND 94,800/kg.
Domestic coffee prices today remain stable with the highest threshold reaching VND 95,000/kg. Last week, the domestic market price increased sharply by VND 1,600 - 1,800/kg.
Thus, the domestic coffee price on 03/25/2024 is trading around the threshold of VND 94,400 - 95,000/kg.
Translated by Hoang Duy
(VAN)Shares of agriculture machinery maker AGCO Corp. fell the most in more than a month as the agriculture machinery maker said it will be pressured next year as farmers keep struggling with low crop prices.
(VAN) Rice prices on December 19, 2024, decreased by VND 100-300/kg, while paddy prices remained stable. For exports, Vietnamese rice continues to stay steady.
(VAN) Live pig prices on December 19, 2024, continue to increase by VND 1,000 in the North and Central regions, 3 regions are trading at VND 62,000 - 67,000/kg.
(VAN) Coffee prices on December 18, 2024, slightly declined globally. Domestic coffee prices dropped by VND 400, trading at VND 123,000 - 124,400/kg.
(VAN) Pepper prices on December 19, 2024, showed mixed movements, while domestic prices increased by VND 500 - 1,000, trading at VND 146,000 - 147,000/kg.
(VAN) Rubber prices today, December 18, 2024, have dropped globally. Domestic rubber prices remain stable, trading around VND 434 - 465/TSC.
(VAN) Rice prices on December 18, 2024, increased by VND 100 but remained unchanged for paddy. For exports, the price of Vietnamese rice remains stable.
