October 22, 2024 | 18:52 GMT +7
Hotline: 0913.378.918
October 22, 2024 | 18:52 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on 10/22/2024
On the global market, both the London and New York exchanges experienced significant declines on October 22.
Specifically, Robusta prices on the London exchange for November 2024 delivery dropped by $ 125 (equivalent to 2.66%), reaching $ 4,577/ton. The January 2025 contract also fell sharply by $ 112D (equivalent to 2.43%), settling at 4,503 USD/ton.
Meanwhile, on the New York exchange, Arabica prices for December 2024 delivery decreased by 5.6 cents (equivalent to 2.18%), down to 251.70 cents/lb. The March 2025 contract dropped by 5.55 cents (equivalent to 2.17%), standing at 250.45 cents/lb.
Latest Arabica and Robusta prices on 10/22/2024
Global coffee prices turned lower today due to the recovery of the USD and pressure from supply in Vietnam. Additionally, weather reports of rain in coffee-growing regions of Brazil have helped ease concerns over supply shortages.
October marks the beginning of Vietnam's new coffee harvest season, which is expected to last from October 2024 to September 2025. However, continuous rainfall in the Central Highlands provinces since last weekend has affected the harvesting progress.
According to Reuters, Vietnam’s coffee production for the 2024/25 season may drop by 5-10% compared to the previous season.
Thus, global coffee prices on 10/22/2024, have significantly decreased compared to the previous day.
In Vietnam, the domestic coffee market saw a slight decline today compared to the previous day.
Specifically, in Lam Dong province, coffee is being traded at VND 111,000/kg in the districts of Di Linh, Bao Loc, and Lam Ha.
In Dak Lak, Cu M'gar district is purchasing coffee at VND 111,400/kg, while Ea H'leo and Buon Ho districts are trading at VND 111,300/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are buying at VND 111,600 and VND 111,500 /kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 111,500/kg, while Pleiku and La Grai are both at VND 111,400/kg.
In Kon Tum, the coffee purchase price today is VND 111,400/kg.
Domestic coffee prices today only slightly decreased by VND 200, keeping this agricultural product at the VND 111,000/kg level.
Thus, on 10/22/2024, domestic coffee prices are trading around the range of VND 111,000 - 111,600/kg.
$ 1 = VND 25.062 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) The Russian government has maintained its production estimate of 86 million tonnes and is calling for total grain production of at least 132 million tonnes.
(VAN) The average price of newly harvested rice in Japan surged nearly 50 percent in September compared to the same month last year.
(VAN) Pepper prices on 10/19/2024, continue to decrease by an additional VND 1,000. Domestic pepper prices are trading around VND 142,500 - 143,500/kg.
(VAN) Coffee prices on 10/19/2024 simultaneously increased. Domestic coffee prices have risen by VND 300, currently trading around VND 111,100 - 111,700/kg.
(VAN) Rice prices on 10/19/2024 increased by VND 50-100/kg, paddy prices remained stable. For exports, the price of Vietnamese rice has decreased by $ 3/ton.
(VAN) Live pig prices on 10/19/2024 slightly reversed, decreasing by VND 1,000. The live pig market across the 3 regions is trading at VND 61,000 - 65,000/kg.
