January 27, 2025 | 09:29 GMT +7
Hotline: 0913.378.918
January 27, 2025 | 09:29 GMT +7
Hotline: 0913.378.918
Domestic and global coffee prices on 06/16/2024
On the global market, both London and New York markets on June 16 are stable.
Specifically, the price of Robusta on the London market for July 2024 delivery is stable at $ 4,115/ton. And the September 2024 contract remains at $ 4,009/ton.
Meanwhile, on the New York market, the price of Arabica for July 2024 delivery is holding steady at 224.15 cents/lb. The September 2024 contract is at 224.40 cents/lb.
The latest Arabica and Robusta coffee prices on 06/16/2024
World coffee prices today are stable. Summarizing this week, Robusta futures for July delivery dropped sharply by $ 160/ton, while Arabica futures for the same period decreased by 0.65 cents/lb.
This week's decline in coffee prices was expected after previous strong increases. Despite unfavourable technical indicators, coffee prices have continued to rise recently.
Currently, favourable weather conditions for harvesting in Brazil have increased warehouse inventories, and excessive speculation on the market has put pressure on coffee prices. Meanwhile, rising demand and high shipping costs, along with concerns about reduced harvests in Vietnam, have helped coffee prices recover.
According to the ICO report, coffee exports in Asia-Pacific decreased by 0.3% in April to 3.8 million bags. Once again, Vietnam played a decisive role in this region, with coffee exports declining by 6.9% in April.
It can be seen that Vietnam's coffee exports have declined in 5 out of the first 7 months of the 2023-2024 crop year, marking the third consecutive monthly decline for the country.
ICO explained that Vietnam's export decline was due to high exports in the 2022/23 crop year and an off-cycle production year. However, April's export volume was still lower than the 2.8 million bags average over the same period in the past 3 years.
Thus, global coffee prices on 06/16/2024 showed no new changes compared to yesterday.
In the domestic market, coffee prices today, June 16, remain unchanged compared to yesterday.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 119,000/kg.
In Dak Lak province, Cu M'gar district is purchasing coffee at VND 120,000/kg today. Meanwhile, Ea H'leo and Buon Ho districts are trading at VND 119,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 120,200/kg and VND 120,100/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 120,000/kg, while Pleiku and La Grai are maintaining prices at VND 120,000/kg.
The purchasing price in Kon Tum today is VND 120,000/kg.
Domestic coffee prices today have shown no new changes and continue to hover around VND 120,000/kg. Summarizing this week, the domestic coffee market has experienced a significant decline of up to VND 3,500/kg.
Thus, domestic coffee prices on 06/16/2024, are trading around the range of VND 119,000 - 120,500/kg.
Translated by Hoang Duy
(VAN) Old school meteorologists, sociologists and economists long have believed that the solar cycle has a huge impact on human activity and the general health of all living things.
(VAN) Coffee prices on January 22, 2025, continue to rise sharply, with an increase of VND 1,000 - 1,500/kg, ranging from VND 119,300 – 121,300/kg.
(VAN) Pepper prices on January 21, 2025, continue to remain stable in the Central Highlands and the South. Prices range from VND 145,000 to VND 146,000/kg.
(VAN) Coffee prices on January 21, 2025, slightly decreased by VND 800 to 1,100/kg after increases. Current coffee prices range at VND 118,200 to 119,000/kg.
(VAN) Live pig prices on January 21, 2025, decreased in the North and Central regions. Live pig prices across the country are at VND 66,000 - and 69,000/kg.
(VAN) Pepper prices on January 20, 2025, domestically remain stable in most key growing regions, ranging between VND 145,000 and VND 146,000/kg.
(VAN) Coffee prices on January 20, 2025: Domestic coffee prices continue to rise, increasing by VND 300–700/kg and ranging from VND 119,300 to 120,500/kg.
