November 23, 2024 | 03:55 GMT +7
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November 23, 2024 | 03:55 GMT +7
Hotline: 0913.378.918
Domestic and global coffee prices update on 06/29/2024
Globally, the London and New York markets showed slight fluctuations on June 29.
Specifically, Robusta prices on the London exchange for September 2024 delivery decreased by $ 36, settling at $ 4,011/ton. Meanwhile, the November 2024 delivery fell by $ 15, reaching $ 3,850/ton.
On the New York exchange, Arabica prices for September 2024 delivery increased slightly by 0.45 cents, reaching 226.80 cents/lb. However, the December 2024 delivery fell slightly by 0.3 cents, standing at 224.50 cents/lb.
Latest Arabica and Robusta Prices on 06/29/2024
Today, global coffee prices are mixed. A slight drop in the USD continues to support an increase in Arabica prices, while Robusta prices continue to decline.
As of the latest survey, the DXY index, which measures the value of the USD against six key currencies (EUR, JPY, GBP, CAD, SEK, CHF), is at 105.87.
The USD depreciated after new data showed inflation in the world's largest economy fell last month, reinforcing expectations that the Fed will begin cutting interest rates this year.
Arabica prices are also supported by reports from the Expocacer cooperative, which indicates that Brazilian coffee farmers are harvesting smaller beans than usual this season, following a period of hot and dry weather that harmed crop development.
Although the extent of the impact is currently uncertain, concerns have led to a downward adjustment in estimated Arabica production.
Thus, global coffee prices on 06/29/2024, are mixed compared to the previous day.
Domestically, the coffee market today, June 29, has slightly decreased compared to yesterday.
Specifically, in Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are all trading at VND 118,600/kg.
In Dak Lak, Cu M'gar district is purchasing at VND 119,600/kg today. Ea H'leo and Buon Ho districts are trading at VND 119,500/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 119,900 and VND 119,800/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 119,700/kg, while Pleiku and La Grai are both maintaining a price of VND 119,600/kg.
The buying price in Kon Tum today is VND 119,700/kg.
Today, domestic coffee prices continue to slightly decrease and have not maintained the threshold of VND 120,000/kg.
Thus, domestic coffee prices on 06/29/2024, are trading around the range of VND 118,600 - 119,900/kg.
$ 1 = VND 25.223 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Pepper prices on November 21, 2024, decreased by VND 500 - 1,000. Domestic pepper prices are trading around the range of VND 138,000 - 139,500/kg.
(VAN) Rice prices on November 21, 2024, have stabilized. For exports, the price of Vietnamese rice has decreased significantly, ranging from $ 4-13/ton.
(VAN) Live pig prices on November 21, 2024, fluctuated by VND 1,000. The live pig market in all three regions is trading around VND 60,000 - 63,000/kg.
(VAN) Coffee prices on November 21, 2024, are stable. Domestic coffee prices are at VND 112,800 - 113,400/kg, increased by VND 6,000 over this week.
(VAN) Live pig prices on November 20, 2024, increased by VND 1,000 in some areas. The live pig market across the 3 regions is trading at VND 60,000 - 63,000/kg.
(VAN) Rice prices on November 20, 2024, shows a slight upward trend for both categories. Regarding exports, Vietnamese rice prices remain stable.
(VAN) Pepper prices on November 20, 2024, only increases slightly in Dak Lak. The domestic pepper price is still trading around VND 138,500 - 140,000/kg.
