July 8, 2024 | 13:57 GMT +7
Hotline: 0913.378.918
July 8, 2024 | 13:57 GMT +7
Hotline: 0913.378.918
The latest coffee prices domestically and globally on 06/21/2024
In the global market, both the London and New York exchanges experienced significant increases on June 21.
In London, the price of Robusta for July 2024 delivery surged by an additional $169 to reach $ 4,374/ton. The September 2024 contract also saw a strong rise of $ 116, reaching $ 4,176/ton.
Meanwhile, on the New York market, Arabica for September 2024 delivery turned upwards by 4.1 cents, reaching 230.35 cents/lb. The November 2024 contract also experienced a robust increase of 3.7 cents, hitting 228.55 cents/lb.
The latest Arabica and Robusta coffee prices on 06/21/2024
Worldwide, coffee prices surged strongly. After the midweek trading break, the New York market resumed with a robust increase despite the recovering USD. According to experts, Arabica prices were supported by the London market in the previous session.
Currently, it's the harvesting season for coffee in the Southern Hemisphere (from May to September annually), while Vietnam in the Northern Hemisphere has finished its harvest from October of the previous year to the end of May.
Global analysts predict that coffee prices may temporarily halt their rise and could even trend downwards due to increased harvest volumes in Brazil. However, some forecasts suggest coffee prices may continue to rise in the fourth quarter of 2024 when Brazil finishes its harvest and Vietnam enters its new harvesting season.
According to Volcafe, Vietnam's Robusta output for the 2024/25 crop year is estimated at 24 million bags, the lowest in 13 years due to unfavourable weather conditions. This information has driven Robusta prices sharply higher on the London market this week.
Thus, global coffee prices on 06/21/2024, have risen sharply compared to yesterday.
Domestically, the coffee market on June 21 continues its strong upward trend compared to yesterday.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 122,000/kg.
In Dak Lak province, the Cu M'gar district is purchasing at VND 123,000/kg. Meanwhile, Ea H'leo and Buon Ho districts are trading at VND 122,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'Lap are trading at VND 123,200/kg and VND 123,100/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 123,000/kg, while Pleiku and La Grai districts are at VND 122,900 VND/kg.
In Kon Tum province, the purchase price today is VND 123,000/kg.
The domestic coffee price today has increased by an additional 2,000 VND, surpassing the threshold of VND 123,000/kg.
Thus, the domestic coffee price on 06/21/2024 is trading around the range of VND 122,000 - 123,200/kg.
$ 1 = VND 25.218 - Source: Vietcombank
Translated by Hoang Duy
(VAN) Pepper prices on 07/08/2024 remain at VND 150,000 - 151,000/kg. Over the past week, domestic pepper prices have seen a sharp decrease of up to VND 6,000.
(VAN) Coffee prices 07/08/2024, remain at VND 122,900 - 124,100/kg. Over the past week, domestic coffee prices have surged significantly by VND 4,000 - 5,000.
(VAN) Coffee prices decreased on 07/04/2024. Domestic coffee prices have dropped significantly by VND 1,000, falling to the range of VND 120,000 - 121,300/kg.
(VAN) Pepper prices have significantly decreased from VND 1,000 - 5,000. Currently, domestic pepper prices are trading around VND 149,000 - 151,000/kg.
(VAN) Data from the Mercantile Exchange of Vietnam shows that at the trading session on July 1, buying pressure dominated the raw material commodity market.
(VAN) Mekong Delta durian enters the end of the season, a number of small traders in Ho Chi Minh city concern over the surge price when end-of-season quality reduce harmpering the purchase power.
(VAN) Coffee prices on 07/01/2024 are hovering around VND 118,200 - 119,300/kg. Summarising June, domestic coffee prices decreased by VND 1,000/kg.
