May 14, 2025 | 10:14 GMT +7
May 14, 2025 | 10:14 GMT +7
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Latest domestic and global coffee prices on 05/24/2024
On the global markets, both the London and New York exchanges experienced significant declines on May 24.
Specifically, the price of Robusta coffee on the London exchange for July 2024 delivery dropped by $ 98, reaching $ 3,819/ton. The price for September 2024 delivery fell sharply by $ 105, settling at $ 3,739/ton.
On the New York exchange, the price of Arabica coffee for July 2024 delivery dropped significantly by 4.8 cents, falling to 215.65 cents/lb. The price for September 2024 delivery decreased by 4.45 cents, also settling at 215.65 cents/lb.
Latest Arabica and Robusta coffee prices on 05/24/2024
Today, global coffee prices experienced a sharp decline after three consecutive days of significant increases as traders adjusted their positions.
The increase in certified stock on the exchange, coupled with reports of rising production in Brazil, contributed to the decline in both markets.
Previously, Volcafe had forecasted that Vietnam's Robusta crop for the 2024/25 season might only reach 24 million bags, the lowest in 13 years, due to insufficient rainfall causing "irreparable damage." Volcafe also predicted a global Robusta deficit of 4.6 million bags for 2024/25, a smaller deficit compared to the 9 million bags shortfall in 2023/24, but still marking the fourth consecutive year of Robusta shortages. This information contributed to the coffee prices soaring for three consecutive days this week.
After this strong increase, an adjustment phase was expected. However, experts believe that technically, despite the significant recent increases, Robusta prices are only about halfway through their current uptrend. The momentum remains strong, with a target to surpass the 3,967 USD/ton mark.
Thus, global coffee prices on 05/24/2024, have significantly decreased compared to yesterday.
In the domestic market, coffee prices on May 24, 2024, dropped by 2,000 VND/kg compared to the previous day.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are all trading at VND 114,000/kg.
In Dak Lak province, Cu M'gar district is buying at VND 115,000/kg. Meanwhile, Ea H'leo and Buon Ho districts are also trading at VND 115,000/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 115,500/kg and VND 115,400/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 115,000/kg, while Pleiku and La Grai are both at VND 114,900/kg.
The buying price in Kon Tum today is VND 114,900/kg.
Domestic coffee prices today decreased sharply after 3 consecutive days of hot increases. As a result, the price of this agricultural commodity has fallen to around VND 115,000/kg.
Thus, domestic coffee prices on 05/24/2024, are trading around the range of VND 114,000 - 115,500/kg.
$ 1 = VND 25.247 - Source: Vietcombank
Translated by Hoang Duy
(VAN) Coffee prices on May 13, 2025 decreased by VND 1,200, trading around VND 125,500 – 126,000/kg. Global coffee prices also fell sharply.
(VAN) Pepper prices on May 12, 2025 in the domestic market are hovering around VND 151,000 - 152,000/kg, while global pepper prices also remain flat.
(VAN) Coffee prices on May 12, 2025, continue to trade around the range of VND 128,000 – 128,200/kg. Meanwhile, global coffee prices remain stable.
(VAN) Rubber prices on May 12, 2025, increase slightly globally. Latex purchasing prices in Vietnam remained steady, ranging from VND 397 to VND 462/TSC.
(VAN) Rubber prices on May 9, 2025, on the global market fluctuated wildly. Meanwhile, domestic latex prices remain steady, ranging from VND 397 to 462/TSC.
(VAN) Pepper prices on May 9, 2025, remained unchanged domestically, trading at VND 153,000 – 155,000/kg. Global pepper prices showed little fluctuation.
(VAN) Coffee prices on May 9, 2025, increased by VND 300 domestically, trading at VND 128,000 – 128,400/kg. Global coffee prices also saw a slight uptick.