May 15, 2025 | 01:27 GMT +7
Hotline: 0913.378.918
May 15, 2025 | 01:27 GMT +7
Hotline: 0913.378.918
Latest coffee prices domestically and globally on 06/20/2024
In the global market, the two exchanges in London and New York showed mixed movements on June 20.
The price of Robusta coffee on the London exchange for July 2024 delivery increased sharply by $ 97, reaching $ 4,205/ton. The contract for September 2024 delivery rose by $ 66, reaching $ 4,060/ton.
On the New York exchange, the price of Arabica coffee for September 2024 delivery dropped by 1.05 cents, reaching 226.25 cents/lb. The contract for November 2024 delivery slightly decreased by 1.2 cents, reaching 224.85 cents/lb.
Latest Arabica and Robusta prices on 06/20/2024
Today, coffee prices on the New York exchange remain unchanged due to a trading halt. The solitary movement allowed Robusta prices on the London exchange to rise sharply.
However, experts indicate that all three major market players still hold significant buying positions, suggesting the potential for continued position liquidations. Ongoing sales could destabilize the market for the remainder of July.
A report from the International Coffee Organization (ICO) shows that global coffee exports in April reached 12 million bags, a 16.8% increase compared to the same period last year. Overall, the first seven months of the 2023/24 season (October 2023 to April 2024) saw exports nearing 81 million bags, an 11.1% increase (equivalent to 8.1 million bags) over the same period in the 2022/23 season.
In May 2024, Robusta and Arabica prices on the global market fell compared to the end of April 2024 due to forecasts of increased coffee production in Brazil.
Drought and pests have severely impacted coffee yields in many regions. Vietnam's coffee production for the 2023/24 season is estimated to drop by 20% compared to the previous season, down to 1.47 million tons, the lowest in four years, putting pressure on the global Robusta supply.
Thus, global coffee prices on 06/20/2024, show mixed movements compared to yesterday.
Domestically, the coffee market saw a significant increase on June 20, compared to yesterday.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are all trading at VND 120,000/kg.
In Dak Lak, Cu M'gar district is purchasing at VND 121,000/kg today. Meanwhile, Ea H'leo and Buon Ho districts are trading at VND 120,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 121,200 and VND 121,100/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 121,000/kg, while Pleiku and La Grai are maintaining a price of VND 120,900/kg.
The purchase price in Kon Tum today is VND 121,000/kg.
Today's domestic coffee prices have surged by VND 1,000/kg, bringing this agricultural commodity back to the range of VND 121,000/kg.
Thus, on 06/20/2024, domestic coffee prices are trading around the range of VND 120,000 - 121,200/kg.
$ 1 = VND 25.217 - 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.
