January 28, 2025 | 00:30 GMT +7
Hotline: 0913.378.918
January 28, 2025 | 00:30 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on 08/29/2024
Global coffee prices on August 29 Globally, both the London and New York exchanges continued their upward trend on August 29.
On the London exchange, Robusta prices for November 2024 delivery increased by $ 80, reaching $ 4,926/ton. The January 2025 contract also saw a strong increase of $ 69, reaching $ 4,717/ton.
Meanwhile, on the New York exchange, Arabica prices for December 2024 delivery rose by 1.2 cents, reaching 256.45 cents/lb. The March 2025 contract also increased by 0.85 cents, reaching 254 cents/lb.
Latest Arabica and Robusta prices on 08/29/2024
Global coffee prices today continue to maintain a strong upward trend, pushing Arabica prices to their highest level in 13 years, while Robusta prices are nearing the $ 5,000/ton mark.
The news of excessive drought in Brazil, which may cause coffee plants to flower early and reduce yield for the upcoming crop, has fueled the sharp rise in coffee prices on both exchanges in recent days.
Coffee supply shortages in Vietnam have led the market to predict that prices will continue to rise until the harvest season begins in October and November. Economists are concerned that the onset of stockpiling for speculation could lead to unhealthy competition, undermining the industry's sustainability.
Thus, global coffee prices on 08/29/2024, have increased compared to yesterday.
In the domestic market, coffee prices on August 29 continue to rise compared to yesterday.
Specifically, in Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 121,200/kg.
In Dak Lak, Cu M'gar district is purchasing at VND 122,000/kg today. Meanwhile, Ea H'leo and Buon Ho districts are trading at VND 121,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading coffee at VND 122,100 and VND 122,000/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 121,900/kg, while Pleiku and La Grai are both holding steady at VND 121,800/kg.
Finally, the purchase price in Kon Tum today is VND 121,900/kg.
Domestic coffee prices today continue their upward trend with an increase of VND 400-500, pushing this agricultural product above the VND 122,000/kg mark.
Thus, on 08/29/2024, domestic coffee prices are trading around VND 121,200 - 122,100/kg.
$ 1 = VND 24.660 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Thus, pepper prices are expected to remain higher this year and surmount the aforementioned figure, as the production of pepper is anticipated to decrease while the demand remains steady.
(VAN) Old school meteorologists, sociologists and economists long have believed that the solar cycle has a huge impact on human activity and the general health of all living things.
(VAN) Coffee prices on January 22, 2025, continue to rise sharply, with an increase of VND 1,000 - 1,500/kg, ranging from VND 119,300 – 121,300/kg.
(VAN) Pepper prices on January 21, 2025, continue to remain stable in the Central Highlands and the South. Prices range from VND 145,000 to VND 146,000/kg.
(VAN) Coffee prices on January 21, 2025, slightly decreased by VND 800 to 1,100/kg after increases. Current coffee prices range at VND 118,200 to 119,000/kg.
(VAN) Live pig prices on January 21, 2025, decreased in the North and Central regions. Live pig prices across the country are at VND 66,000 - and 69,000/kg.
(VAN) Pepper prices on January 20, 2025, domestically remain stable in most key growing regions, ranging between VND 145,000 and VND 146,000/kg.
