January 27, 2025 | 10:17 GMT +7
Hotline: 0913.378.918
January 27, 2025 | 10:17 GMT +7
Hotline: 0913.378.918
Latest Arabica and Robusta prices on 09/18/2024
Globally, both the London and New York exchanges saw significant increases on September 18.
Specifically, Robusta prices on the London exchange for November 2024 delivery rose by $ 57 (equivalent to 1.09%), reaching $ 5,303/ton. The January 2025 contract also saw a strong increase of $ 63 (1.27%), reaching $ 5,040/ton.
On the New York exchange, Arabica prices for December 2024 delivery surged by 5.95 cents (2.30%) to 264.50 cents/lb. The March 2025 contract also saw a sharp rise of 6.25 cents (2.44%) to 262.35 cents/lb.
Latest Arabica and Robusta prices on 09/18/2024
Global coffee prices saw a strong rebound on the day the position closed.
The market experienced significant fluctuations, rising and then falling, as investors generally maintained a cautious outlook, awaiting the Fed's policy meeting.
Thus, global coffee prices on 09/18/2024 reversed and saw a significant increase compared to the previous day.
In the domestic market, coffee prices increased slightly today compared to yesterday. Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 123,300/kg.
In Dak Lak, the district of Cu M'gar is purchasing coffee at VND 123,700/kg, while Ea H'leo and Buon Ho are trading at VND 123,600/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 123,800/kg.
In Gia Lai province, the district of Chu Prong is trading at VND 123,700/kg, while Pleiku and La Grai are both at VND 123,600/kg.
In Kon Tum, the purchasing price is VND 123,700/kg.
Today, domestic coffee prices increased slightly by VND 200-400, bringing the price closer to the VND 124,000/kg mark.
In the first 8 months of the year, the European Union (EU) continued to be the largest customer of Vietnamese coffee. This market accounted for 39% by volume and 38% of the total export value of our coffee, with a volume of 412,179 tons, valued at over $ 1.53 billion. This represents a 9.4% decrease in volume but a 43.9% increase in value compared to the same period in 2023.
Among the EU countries, coffee exports to Germany decreased by 10.9%, and Italy by 13%, while Spain and the Netherlands saw significant increases of 17% and 13.5%, respectively.
Outside the EU, exports to other major markets such as Japan, the US, and Russia also declined compared to the same period in 2023 due to limited supply.
This decrease has been offset by increases in potential markets in Asia: Indonesia up 46%, the Philippines up 63.5%, China up 30.4%, Thailand up 63.6%, and Malaysia up 64%.
Thus, domestic coffee prices on 09/18/2024, are trading around VND 123,300 - 123,800/kg.
$ 1 = VND 24.470 - Source: Vietcombank.
Translated by Hoang Duy
(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.
(VAN) Coffee prices on January 20, 2025: Domestic coffee prices continue to rise, increasing by VND 300–700/kg and ranging from VND 119,300 to 120,500/kg.
