November 6, 2024 | 07:03 GMT +7

  • Click to copy
Saturday- 12:28, 13/04/2024

Coffee prices on 04/13/2024: surging over VND 110,000/kg

(VAN) Coffee prices on 04/13/2024 continue to increase sharply. The domestic market increased by VND 1,200 VND, trading at up to VND 109,000 - 110,000/kg.
The latest update on coffee prices in the domestic and world markets on 04/13/2024

The latest update on coffee prices in the domestic and world markets on 04/13/2024

Coffee prices on April 13 in the world

In the world, on April 13, both the London and New York exchanges continued to rise sharply.

Specifically, the price of Robusta on the London exchange for May 2024 delivery increased by an additional $ 57; reaching $ 3,900/ton. And the July 2024 delivery surged by $ 62; reaching $ 3,852/ton.

Meanwhile, on the New York exchange, the price of Arabica for May 2024 delivery increased by 4.3 cents to reach 224.65 cents/lb. Additionally, the July 2024 delivery increased by 3.1 cents to reach 220.45 cents/lb.

Latest Arabica and Robusta Prices on 04/13/2024

Latest Arabica and Robusta Prices on 04/13/2024

World coffee prices today continue to surge due to concerns about the harvest in Brazil and also in Vietnam. Poor crops in Vietnam along with shipping disruptions in the Red Sea have led to a sharp increase in Robusta prices and boosted demand for this commodity from Brazil.

Experts expect Robusta production in Brazil to increase further in 2024. Brokerage firm StoneX forecasts Brazil's 2024 Robusta production to be around 22.7 million bags compared to 21.5 million bags in 2023. Currently, there is not much inventory left from the 2023 harvest.

Experts assess that the new Robusta crop from Brazil will start hitting the market around June or July. Until then, the Robusta market still largely depends on Vietnam's exports.

Thus, coffee prices worldwide on 04/13/2024 continue to rise compared to yesterday.

Coffee prices on April 13 in the domestic market

In the domestic market, this agricultural product continues to rise sharply by an additional VND 1,200/kg compared to yesterday.

Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at the same level of VND 109,000/kg.

In Dak Lak, Cu M'gar district is currently purchasing at VND 109,800/kg. Meanwhile, Ea H'leo and Buon Ho are trading at VND 109,700/kg.

In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 110,000 and VND 109,900/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 109,500/kg, while Pleiku and La Grai are both maintaining a trading price of VND 109,400/kg.

Meanwhile, the purchase price in Kon Tum today is VND 109,500/kg.

Domestic coffee prices today continue to soar, reaching a new record level of VND 110,000/kg.

Major companies like Nestle Vietnam and Coffee Ngon Company have been discussing the issue of broken coffee supply chains over the past 2 years. Purchasing this agricultural product domestically is becoming increasingly difficult and risky.

Therefore, despite aiming to maintain the purchase and consumption of Vietnamese coffee, domestic enterprises also have to consider importing from other countries to sustain the production activities of processing plants.

Mr. Le Duc Huy, General Director of Simexco Dak Lak Company, assesses that from the beginning of the 2023/24 crop year until now, the coffee industry has overcome an unpredictable "great flood". While farmers are enthusiastic, export enterprises are struggling.

The skyrocketing price of this agricultural product has caused some units to cancel contracts, fail to deliver, and break supply chains. Export companies cannot deliver to contracts signed at low prices and are forced to buy at higher prices to deliver to partners. However, as prices continue to rise, export companies are again facing contract cancellations, leading to cumulative losses.

According to Mr Le Duc Huy, contract cancellations do not paint the entire picture of the domestic coffee industry, as there are still companies willing to deliver to partners even at a loss.

Thus, domestic coffee prices on 04/13/2024, are trading around the range of VND 109,000 - 110,000/kg.

Author: Bang Nghiem

Translated by Hoang Duy

Pepper prices on 11/05/2024: Still holding at VND 141,000/kg

Pepper prices on 11/05/2024: Still holding at VND 141,000/kg

(VAN) Pepper prices on 11/05/2024 showed no new fluctuations. Domestic pepper prices remain steady, trading around VND 140,000 - 141,000/kg.

Live pig prices on 11/05/2024: Continues to increase slightly

Live pig prices on 11/05/2024: Continues to increase slightly

(VAN) Live pig prices on 11/05/2024, have increased by VND 1,000. Currently, the live pig market in the three regions is trading around VND 58,000 - 64,000/kg.

Coffee prices on 11/05/2024: Slight increase again

Coffee prices on 11/05/2024: Slight increase again

(VAN) Coffee prices on 11/05/2024, show a significant increase. Domestic coffee prices have inched up by VND 200, trading around VND 106,000 - 106,500/kg.

Coffee prices on 11/03/2024: 5th consecutive week of decline

Coffee prices on 11/03/2024: 5th consecutive week of decline

(VAN) Coffee prices on 11/03/2024, remain at VND 105,800 - 106,200/kg. Domestic coffee prices dropped by VND 3,500, marking the 5th consecutive week of decline.

Pepper prices on 11/03/2024: Significant decline this week

Pepper prices on 11/03/2024: Significant decline this week

(VAN) Pepper prices on 11/03/2024, are trading around VND 140,000 - 141,000/kg. Domestic pepper prices have decreased significantly by VND 2,000 - 2,500.

Rice prices on 11/03/2024: Increased significantly by VND 1,000

Rice prices on 11/03/2024: Increased significantly by VND 1,000

(VAN) Rice prices on 11/03/2024 increased by VND 1,000 - 1,200 for rice products and VND 50 for paddy. For exports, Vietnamese rice prices are stable.

Live pig prices on 11/03/2024: Mixed fluctuations this week

Live pig prices on 11/03/2024: Mixed fluctuations this week

(VAN) Live pig prices on 11/03/2024 remain around VND 58,000 - 64,000/kg. The live pig market in all 3 regions fluctuated, ranging from VND 1,000 to 2,000.

Read more