January 24, 2025 | 23:40 GMT +7
Hotline: 0913.378.918
January 24, 2025 | 23:40 GMT +7
Hotline: 0913.378.918
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 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.
(VAN) Live pig prices on January 20, 2025, continue to maintain stability. The price of live pigs is currently being traded at around VND 66,000 - 69,000 /kg.
