May 31, 2025 | 10:45 GMT +7
May 31, 2025 | 10:45 GMT +7
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Latest coffee prices domestically and globally on 10/16/2024
On the global market, both the London and New York exchanges saw significant declines today.
Specifically, the price of Robusta on the London exchange for November 2024 delivery dropped by $ 65 (equivalent to 1.21%), reaching $ 4,909/ton. Meanwhile, the January 2025 contract fell sharply by $ 65 (equivalent to 1.34%), settling at $ 4,778/ton.
On the New York exchange, the price of Arabica for December 2024 delivery decreased by 5.35 cents (equivalent to 2.04%), down to 256.70 cents/lb. The March 2025 contract also fell by 5.05 cents (equivalent to 1.94%), now at 255.50 cents/lb.
Latest Arabica and Robusta prices on 10/16/2024
Global coffee prices today have experienced a notable decline, influenced by the high valuation of the USD. As of the survey time, the DXY index, which measures the dollar's performance against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stands at 103.22.
The USD has risen to its highest level in over two months, amid expectations that the Federal Reserve will gradually initiate interest rate cuts over the next year.
The International Coffee Organization (ICO) reported that global green coffee exports in August 2024 increased by 8.8% compared to the same period last year, with a 10.5% rise in the first 11 months of the 2023/24 coffee year. This information has also contributed to the downward price movement of coffee.
Thus, global coffee prices on 10/16/2024, have decreased across the board compared to yesterday.
In the domestic market, coffee prices today have dropped by VND 800 compared to yesterday.
Specifically, in Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 113,300kg.
In Dak Lak, the Cu M'gar district is currently buying at VND 113,700/kg, while the Ea H'leo and Buon Ho districts are trading at VND 113,600/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 113,900 and VND 113,800/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 113,800/kg, while Pleiku and La Grai are maintaining prices at VND 113,700/kg.
In Kon Tum province, the coffee purchase price today stands at VND 113,700/kg.
Domestic coffee prices today have sharply declined after a previous increase, causing this agricultural product to fall below the VND 114,000/kg mark.
Thus, as of October 16, 2024, domestic coffee is trading in the range of VND 113,300 - 113,900/kg.
$ 1 = VND 24.780 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Coffee prices on May 29, 2025, are fluctuating. The domestic coffee market declined, dropping by VND 2,200, trading at VND 119,700 – VND 120,000/kg.
(VAN) Pepper prices on May 29, 2025 declined sharply. Domestic pepper prices in Vietnam remain stable, Trading at VND 147,000 to VND 148,000/kg.
(VAN) Rubber prices on May 28, 2025 are maintaining an upward trend. Domestic latex prices remain stable, trading in the range of VND 397 to VND 462/TSC.
(VAN) Coffee prices on May 28, 2025, show mixed movements. Domestically, prices dropped sharply by VND 1,600, trading at VND 121,700 – VND 122,200/kg.
(VAN) Pepper prices on May 28, 2025, remained unchanged globally. Domestic pepper prices have increased by VND 1,500, trading at VND 147,000 – VND 148,000/kg.
(VAN) Rice prices on May 27, 2025, show no new changes for both paddy and milled rice. Meanwhile, Vietnam’s export rice prices continue to remain flat.
(VAN) Pepper prices on May 27, 2025, recorded a slight increase in Indonesia, while domestic prices remain stable, trading at VND 146,000 to VND 147,000/kg.