November 23, 2024 | 03:26 GMT +7
November 23, 2024 | 03:26 GMT +7
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Coffee prices on May 19 in the world market continued to increase and decrease in two major exchanges.
At the time of the survey, the price of Robusta coffee on the London exchange for delivery in July 2023 decreased by $42/ton (equivalent to 1.63%); to $2,540/ton.
And the price of coffee delivered in September 2023 on this exchange decreased by $36/ton (equivalent to 1.42%); at $2,498/ton.
The price of Arabica coffee on the New York Stock Exchange for delivery in July 2023 is slightly increasing by 0.6 cents/lb (equivalent to 0.32%); to 186.65 cents/lb.
For the September delivery term, the price of coffee on this exchange increased by 0.5 cents/lb (equivalent to 0.27%), at 184.25 cents/lb.
World coffee prices today continued to fluctuate in the opposite direction of yesterday. The price fell on the London Exchange and increased slightly on the New York Exchange.
After 4 shockingly increasing sessions, Robusta coffee price tends to cool down, in the context of Vietnam's coffee exports reporting a decrease. In addition, Indonesia - the world's third-largest producer of Robusta coffee is likely to produce just under 10 million bags this year for the first time in 10 years.
Thus, the price of coffee on 05/19/2023 in the world market increased and decreased oppositely compared to yesterday.
Coffee price on May 19 in the domestic market increased by VND 400/kg compared to yesterday.
Specifically, the price of Lam Dong coffee (in 3 districts of Di Linh, Bao Loc, and Lam Ha) is being purchased today at VND 57,500/kg.
In Cu M'gar district (Dak Lak), the price of coffee today remained at VND 57,800/kg. In Cu M'gar district (Dak Lak), the price of coffee today remained at VND 57,800/kg.
Coffee prices in Gia Nghia and Dak R'lap of Dak Nong province today were purchased at VND 57,900 and VND 57,800/kg respectively.
In Gia Lai, the price of coffee in Chu Prong today is at VND 57,800/kg; while at Pleiku and La Grai are holding at VND 57,700/kg.
The price of coffee today in Kon Tum is being purchased at VND 57,800/kg.
Coffee prices in the country continued to increase today. As a result, the domestic coffee market is very close to the price mark of VND 58,000/kg.
The fact that domestic coffee prices are constantly anchored at high levels is bringing joy to farmers. In 2022, low output from Brazil helped the country's coffee exports reach a record $4 billion, 30% higher than in 2021. In which, more than 93% of the coffee produced by Vietnam is Robusta coffee.
Our country is still providing more than half of the global supply of Robusta coffee and plays an increasingly important role in efforts to rescue coffee from the effects of climate change.
Thus, the price of coffee on 05/19/2023 in the domestic market traded around the threshold of VND 57,500 - 57,900/kg.
$1 = VND 23,290.00 - Source: Vietcombank
Translated by Hoang Duy
(VAN) Pepper prices on November 21, 2024, decreased by VND 500 - 1,000. Domestic pepper prices are trading around the range of VND 138,000 - 139,500/kg.
(VAN) Rice prices on November 21, 2024, have stabilized. For exports, the price of Vietnamese rice has decreased significantly, ranging from $ 4-13/ton.
(VAN) Live pig prices on November 21, 2024, fluctuated by VND 1,000. The live pig market in all three regions is trading around VND 60,000 - 63,000/kg.
(VAN) Coffee prices on November 21, 2024, are stable. Domestic coffee prices are at VND 112,800 - 113,400/kg, increased by VND 6,000 over this week.
(VAN) Live pig prices on November 20, 2024, increased by VND 1,000 in some areas. The live pig market across the 3 regions is trading at VND 60,000 - 63,000/kg.
(VAN) Rice prices on November 20, 2024, shows a slight upward trend for both categories. Regarding exports, Vietnamese rice prices remain stable.
(VAN) Pepper prices on November 20, 2024, only increases slightly in Dak Lak. The domestic pepper price is still trading around VND 138,500 - 140,000/kg.