May 21, 2025 | 12:58 GMT +7
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May 21, 2025 | 12:58 GMT +7
Hotline: 0913.378.918
Latest update on coffee prices on 07/19/2024
Globally, both the London and New York exchanges saw a decline in coffee prices on July 19.
On the London exchange, the price of Robusta for September 2024 delivery fell significantly by $ 91, reaching $ 4,479/ton. The November 2024 contract also dropped by $ 83, to $4,317/ton.
On the New York exchange, the price of Arabica for September 2024 delivery decreased by 2.25 cents, settling at 240.90 cents/lb. The December 2024 contract fell by 2.1 cents, at 239.35 cents/lb.
Latest Arabica and Robusta prices on 07/19/2024
Global coffee prices today are declining on both the London and New York exchanges. This drop is due to the strengthening of the USD following better-than-expected data on the U.S. labour and manufacturing markets.
As of the latest survey, the DXY Index, which measures the fluctuation of the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), has risen to 104.24.
Experts forecast that coffee prices on both exchanges will continue to decline in the short to medium term due to the lack of factors to drive or maintain high price levels, especially given the unseasonably warm Winter in Brazil expected to last at least the next 10 days.
Thus, global coffee prices on 07/19/2024, have decreased significantly compared to yesterday.
In the domestic market, coffee prices have dropped by VND 1,500 today compared to yesterday.
In Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 125,500/kg.
In Dak Lak, the district of Cu M'gar is purchasing at VND 126,100/kg, while Ea H'leo and Buon Ho are trading at VND 126,000/kg.
In Dak Nong, traders in Gia Nghia and Dak R'lap are buying at VND 126,100 and VND 126,000/kg, respectively.
In Gia Lai province, the district of Chu Prong is trading at VND 126,000/kg, while Pleiku and La Grai are maintaining a price of VND 125,900/kg.
In Kon Tum, the purchase price is VND 126,000/kg.
Coffee prices in the domestic market have dropped significantly today and are at risk of falling below VND 126,000/kg. Meanwhile, domestic pepper prices remain stable, ranging between VND 147,000 - VND 149,000/kg.
VICOFA forecasts a gradual decrease in Vietnam's coffee exports for the months of July to September due to diminishing supply. Supply is expected to increase again in October and November when the new harvest season begins.
However, the forecast suggests that Vietnam’s coffee production for the 2024/25 season will decrease by 15-20% compared to the previous season. This reduced production is likely to result in a decline in export activity and exacerbate the shortage of coffee supply in the market.
The latest statistics show that coffee exports in the first half of July 2024 have decreased by 40% in volume compared to the same period last year.
Thus, as of 07/19/2024, domestic coffee prices are trading around VND 125,500 - 126,100/kg.
$ 1 = VND 25.128 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Coffee prices on May 20, 2025, surged by VND 2,200, climbing to VND 126,000 – 126,700/kg. Meanwhile, global coffee prices also recorded a sharp increase.
(VAN) Pepper prices on May 20, 2025, dropped by VND 1,000 only in Gia Lai, trading at VND 150,000 – 153,000/kg. Global pepper prices remained unchanged.
(VAN) Analysts are watching moves out of Asia, particularly with fertilizer.
(VAN) Rubber prices on May 20, 2025, show mixed movements on the global market. Domestic latex prices remain stable, trading around VND 397 – 462/TSC.
(VAN) Live pig prices on May 20, 2025, fell by 1,000 VND in Binh Dinh and Khanh Hoa. Live pig prices across the 3 regions are trading at 67,000 – 75,000 VND/kg.
(VAN) Pepper prices on May 16, 2025, fluctuated by VND 500–1,000 domestically, trading at VND 151,000 – 152,000/kg. Global pepper prices remained stable.
(VAN) Coffee prices on May 16, 2025, edged up by VND 200, trading around VND 125,900 – 126,200/kg. Meanwhile, global coffee prices are showing mixed movements.
