Coffee prices on 03/10/2024: Impressive increase this week

Coffee prices on March 10 in the world

Around the world, the London and New York exchange prices on March 10 simultaneously went sideways.

In particular, Robusta's price on the London exchange for delivery in May 2024 remained at $ 3,297/ton. And the July 2024 delivery term returned and anchored at $ 3,190/ton.

On the New York exchange, Arabica's price for delivery in May 2024 remained at 185.20 cents/lb. And the July 2024 delivery date is at 183.45 cents/lb.

World coffee prices today have no new fluctuations. This week, both exchanges increased sharply, in which the prices of Robusta and Arabica futures for May delivery increased by $ 154 and 1.9 cents, respectively.

During the weekend session, agricultural product prices simultaneously dropped sharply on both the New York and London exchanges due to forecasts of rain in Brazil, alleviating concerns about drought. As a consequence, this promotes funds and speculation to liquidate net positions on both exchanges.

Thus, world coffee prices on 03/10/2024 remain stable compared to yesterday.

Coffee prices on March 10 in the country

The domestic market on March 10 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 89,800/kg.

In Dak Lak, Cu M'gar district today is purchasing at VND 90,700/kg. Ea H'leo and Buon Ho districts are trading at a price of VND 90,600/kg.

In Dak Nong province, traders Gia Nghia and Dak R'lap are trading at VND 90,800 and VND 90,700/kg, respectively. 

In Dak Nong province, traders Gia Nghia and Dak R'lap are trading at VND 90,800 and VND 90,700/kg, respectively.

The purchasing price in Kon Tum today is VND 90,500/kg.

Domestic coffee prices today remain stable and are approaching the threshold of VND 91,000/kg. To summarize this week, the domestic market price increased sharply to VND 5,000/kg. The continuous breakthrough of prices surprises both businessmen and experts. 

Thus, the domestic coffee price on 03/10/2024 is trading around the threshold of VND 89,800 - 90,800/kg.