November 6, 2024 | 07:14 GMT +7
November 6, 2024 | 07:14 GMT +7
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On the global stage, both the London and New York exchanges experienced significant increases on April 16.
On the London exchange, the price of Robusta for May 2024 delivery surged by $ 74, reaching a peak of $ 3,974/ton. Additionally, the July 2024 delivery saw a substantial increase of $ 97, settling at $ 3,949/ton.
Meanwhile, on the New York exchange, Arabica prices for May 2024 delivery spiked by 6.9 cents, reaching 231.55 cents/lb. Similarly, the July 2024 delivery increased by 6.4 cents, reaching 226.85 cents/lb.
Coffee prices worldwide surged significantly on April 16. Robusta prices rose by a staggering 2%, while Arabica prices surged by an impressive 3%.
Despite Indonesia and Brazil approaching the harvest season, coffee prices continue to soar. The cause is believed to be concerned about the scarcity of supply due to prolonged hot and dry weather affecting all coffee-producing countries.
Thus, global coffee prices on 04/16/2024 increased significantly compared to the previous day.
In the domestic market, coffee prices on April 16 witnessed a sharp increase compared to the previous day.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at the same price of VND 113,000/kg.
In Dak Lak province, the district of Cu M'gar is buying at VND 113,600/kg. Meanwhile, Ea H'leo and Buon Ho are trading at VND 113,500/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lấp are trading at VND 114,000 and VND 113,900/kg, respectively.
In Gia Lai province, the district of Chu Prong is trading at VND 113,500/kg, while Pleiku and La Grai are maintaining the price at VND 113,400/kg.
Furthermore, the purchasing price in Kon Tum province today stands at VND 113,500/kg.
Domestic coffee prices surged by VND 2,000/kg today, pushing this agricultural product to a new record high of VND 114,000/kg.
Mr. Le Huu Anh, Director of Lam Anh Agricultural Service Cooperative (Glar commune, Dak Doa district, Gia Lai province), stated that the cooperative currently engages around 300 households in coffee cultivation with a linked area of about 490 ha. According to real-time surveys during the dry season, more than 60% of households utilize advanced irrigation technology. However, the use of drip irrigation technology at the root level remains limited, with the majority of households employing it for intercropped coffee plants.
According to Mr. Nguyen Hoai Tam, Director of the Kon Tum Crop Production and Plant Protection Sub-Department, the implementation of water-saving irrigation technologies for crops in Kon Tum province has yielded very positive results.
The water-saving irrigation method has significantly reduced water usage compared to traditional flood irrigation. This helps alleviate pressure on groundwater extraction and ensures sufficient water supply throughout the prolonged dry season. Additionally, it creates conditions for ecosystem restoration in areas prone to drought, erosion, and desertification.
Due to its practical effectiveness in agricultural production, water-saving irrigation technology has been widely applied in various localities, especially for coffee cultivation.
"In the coming time, the agricultural sector of Kon Tum province will vigorously implement solutions to expand the agricultural production area by applying water-saving irrigation technology to bring about high economic efficiency and value", shared Mr Tam.
Thus, domestic coffee prices on 04/16/2024, are trading around the range of VND 113,000 - 114,000/kg.
Translated by Hoang Duy
(VAN) Pepper prices on 11/05/2024 showed no new fluctuations. Domestic pepper prices remain steady, trading around VND 140,000 - 141,000/kg.
(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.
(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.
(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.
(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.
(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.
(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.