September 19, 2024 | 06:10 GMT +7
Hotline: 0913.378.918
September 19, 2024 | 06:10 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on 08/27/2024
Globally, the London and New York exchanges continued their upward trend on August 27.
Specifically, Robusta prices on the London exchange for November 2024 delivery remained steady at $ 4,715/ton, while the January 2025 delivery stood at $ 4,513/ton.
Meanwhile, on the New York exchange, Arabica prices for December 2024 delivery increased by 2.35 cents, reaching 249.65 cents/lb, and the March 2025 delivery also rose by 2.35 cents, standing at 247.15 cents/lb.
Latest Arabica and Robusta prices on 08/27/2024
Global coffee prices today remained steady for Robusta (as the London exchange paused trading) and saw a significant increase on the New York exchange, driven by expectations of an interest rate cut that is boosting Arabica prices.
According to experts, the high price levels of this agricultural commodity are due to multiple factors, including climate change, geopolitical fluctuations, and sanctions that have driven up transportation costs, leading to higher production costs and, consequently, higher coffee prices.
Additionally, the market is being influenced by speculators. On both the London and New York exchanges, investors are primarily channelling their funds into gold and coffee.
It is forecasted that Robusta prices will continue to rise sharply and persist for the foreseeable future, primarily due to a shortage of supply from producing countries, including Vietnam.
Thus, global coffee prices on 08/27/2024, continue the upward trend seen yesterday.
In the domestic market, coffee prices today have slightly increased compared to yesterday.
Specifically, in Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are all trading at VND 119,200/kg.
In Dak Lak, Cu M'gar district is currently buying coffee at VND 120,000/kg, while 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 respectively trade at VND 120,200/kg and VND 120,100/kg.
In Gia Lai province, Chu Prong district is trading at VND 120,000/kg, while Pleiku and La Grai are both holding at VND 119,900/kg.
Meanwhile, the purchase price in Kon Tum today is VND 120,000/kg.
Domestic coffee prices today have increased slightly by VND 200 - 400, pushing this agricultural product above the VND 120,000/kg threshold.
Thus, on 08/27/2024, domestic coffee prices are trading around the range of VND 119,200 - 120,200/kg.
$ 1 = VND 24.630 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Coffee prices on 09/17/2024, have reversed, decreasing globally. Domestic coffee prices have dropped by VND 500 reaching VND 123,000 - 123,500/kg.
(VAN) Pepper prices on 09/17/2024, decreased slightly by VND 1,000 in Dak Lak and Dak Nong. Domestic pepper prices are at VND 152,000 - 155,000/kg.
(VAN) Pepper prices on 09/16/2024, remain stable Currently, domestic pepper prices are trading around the range of VND 152,000 - 156,000/kg.
(VAN) Rice prices on 09/16/2024, have not shown any new changes for both paddy and rice. In terms of exports, the price of Vietnamese rice remains stable.
(VAN) Coffee prices on 09/16/2024, remain steady both domestically and globally. Currently, domestic coffee prices are trading around VND 123,500 - 124,000/kg.
(VAN) Coffee prices on 09/15/2024, are trading around VND 123,500 - 124,000/kg. This week, domestic coffee prices have surged by VND 6,000.
(VAN) Pepper prices on 09/15/2024, are hovering around VND 152,000 - 156,000/kg. Domestic pepper prices have increased significantly by VND 2,000 - 3,000.
