October 4, 2024 | 18:41 GMT +7
October 4, 2024 | 18:41 GMT +7
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Globally, coffee prices remain stable on both the London and New York exchanges.
On the London exchange, Robusta prices for November 2024 delivery hold at $ 5,482/ton, and for January 2025 delivery, prices remain at $ 5,203/ton.
On the New York exchange, Arabica prices for December 2024 delivery are steady at 269.15 cents/lb, while the March 2025 contract is unchanged at 266.90 cents/lb.
Global coffee prices today remain stable. Over the past week, both the London and New York exchanges saw sharp increases. Specifically, Robusta for November delivery surged by $ 423/ton, while Arabica for December delivery increased significantly by 19.5 cents/lb.
According to Cemaden, Brazil’s disaster monitoring centre, the country is facing the most severe drought since 1981. Low rainfall has damaged coffee trees during the flowering stage, reducing the outlook for the 2025/26 Arabica crop.
Somar Meteorologia, Brazil’s meteorological agency, reported on Monday that the Minas Gerais region received about 9.8 mm of rain last week, which is only 62% of the historical average. Minas Gerais accounts for about 30% of Brazil’s Arabica production.
In Brazil, low rainfall and high temperatures are expected throughout September, increasing the risk of negative impacts on the development of the 2025/26 crop, as accumulated rainfall and soil moisture in many areas remains below average.
In Vietnam, after experiencing dry weather earlier this year, higher-than-expected rainfall due to the ongoing La Nina phenomenon could hinder the harvest and affect the quality of the 2024/25 crop.
Thus, global coffee prices remained unchanged on 09/30/2024, compared to the previous day.
Domestically, coffee prices remain stable compared to yesterday.
In Lam Dong province, Di Linh, Bao Loc, and Lam Ha districts are trading at VND 121,100/kg.
In Dak Lak, Cu M'gar district is buying at VND 122,100/kg, while Ea H'leo and Buon Ho are trading at VND 122,000/kg.
In Dak Nong, traders in Gia Nghia and Dak R’lap are trading at VND 121,200/kg and VND 121,100/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 121,000/kg, while Pleiku and La Grai are holding at VND 121,000/kg.
In Kon Tum, the price is also VND 121,000/kg.
$ 1 = VND 24.370 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Live pig prices on 10/03/2024, increased by VND 1,000 in some localities. The live pig market across the 3 regions is trading at VND 64,000 - 69,000/kg.
(VAN) Rice prices on 10/03/2024 in the domestic market decreased but rebounded for other types. For exports, Vietnamese rice prices are down by $ 5/ton.
(VAN) Pepper prices on 10/03/2024 saw a slight increase of VND 500 in Gia Lai. Currently, domestic pepper prices are trading around VND 147,500 - 149,000/kg.
(VAN) Coffee prices on 10/03/2024 are dropping sharply. Domestic coffee prices have decreased by an additional VND 400, trading around VND 120,700 - 121,700/kg.
(VAN) Live pig prices on 10/02/2024, have not changed. The live pig market in all three regions is trading around the price range of VND 64,000 - 69,000/kg.
(VAN) Rice prices on 10/02/2024, in the domestic market continue to decline for rice products. For exports, the price of Vietnamese rice remains stable.
(VAN) Pepper prices on 10/02/2024, continue to fluctuate slightly in some areas. Currently, domestic pepper prices are trading around VND 148,000 - 149,000/kg.