December 25, 2024 | 13:15 GMT +7

  • Click to copy
Tuesday- 18:17, 05/11/2024

Coffee prices on 11/05/2024: Slight increase again

(VAN) Coffee prices on 11/05/2024, show a significant increase. Domestic coffee prices have inched up by VND 200, trading around VND 106,000 - 106,500/kg.
Latest domestic and global coffee prices on 11/05/2024

Latest domestic and global coffee prices on 11/05/2024

Coffee prices on November 5 globally

Globally, both the London and New York exchanges saw increases today.

On the London exchange, Robusta prices for January 2025 delivery rose by $ 39 (approximately 0.91%) to reach $ 4,318/ton. Meanwhile, the March 2025 contract increased by $ 41(around 0.97%), reaching $ 4,249/ton.

On the New York exchange, Arabica prices for December 2024 delivery rose significantly by 3 cents (about 1.23%) to 245.95 cents/lb. The March 2025 contract also increased by 2.55 cents (approximately 1.05%), reaching 244.95 cents/lb.

Latest Arabica and Robusta prices on 11/05/2024

Latest Arabica and Robusta prices on 11/05/2024

Today, global coffee prices are supported by a weaker USD ahead of the upcoming U.S. presidential election.

As of the latest survey, the DXY index, which tracks the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stands at 103.89.

Investors are currently awaiting the outcome of the U.S. presidential election and the Federal Reserve’s policy meeting scheduled for this week.

On the two exchanges, a significant reduction in speculative long positions last week also helped support coffee prices.

Thus, global coffee prices on 11/05/2024, have risen strongly compared to yesterday.

Coffee prices on November 5 domestically

Domestically, coffee prices rose slightly by VND 200 compared to yesterday.

In Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 106,000/kg.

In Dak Lak, Cu M'gar district is purchasing coffee at VND 106,500/kg, while Ea H'leo and Buon Ho are trading at VND 106,400/kg.

In Dak Nong province, traders in Gia Nghia and Dak R’lap are transacting at VND 106,500/kg and VND 106,400/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 106,400/kg, while Pleiku and La Grai hold at VND 103,000/kg.

In Kon Tum, the purchasing price today is VND 106,400/kg.

Domestic coffee prices have slightly increased, keeping this agricultural product steady at around VND 106,000/kg.

Experts forecast that purchasing prices for coffee throughout the 2024/25 season will remain high due to reduced production and limited stock from the 2023/24 season.

Thus, on 11/05/2024, domestic coffee prices are trading around VND 106,000 - 106,500/kg.

$ 1 = VND 25.130 - Source: Vietcombank.

Author: Bang Nghiem

Translated by Hoang Duy

The price of cocoa is soaring- could lab-grown chocolate be the answer?

The price of cocoa is soaring- could lab-grown chocolate be the answer?

(VAN) A Californian startup is challenging the traditional chocolate-making process by taking chocolate and coffee bean cells and growing them in a lab.

Coffee prices on December 24, 2024: Slightly increased

Coffee prices on December 24, 2024: Slightly increased

(VAN) Coffee prices on December 24, 2024, increase before Christmas. Domestic coffee prices rose slightly by VND 100, trading at VND 120,500 - 121,300/kg.

Pepper prices on December 24, 2024: Drop by VND 1,000 domestically

Pepper prices on December 24, 2024: Drop by VND 1,000 domestically

(VAN) Pepper prices on December 24, 2024, in the domestic market reversed, decreasing by VND 300–1,000. Domestic pepper is trading at VND 144,000–145,000/kg.

Rubber prices on December 24, 2024: Slight increase in Shanghai

Rubber prices on December 24, 2024: Slight increase in Shanghai

(VAN) Rubber prices on December 24, 2024, fluctuate globally. Domestic rubber latex prices have slightly increased, trading at VND 434 - 465/TSC.

Rice prices on December 24, 2024: Rice sees a slight increase

Rice prices on December 24, 2024: Rice sees a slight increase

(VAN) Rice prices on December 24, 2024, slightly increased and remained steady for paddy.For exports, the price of Vietnamese rice is currently decreasing.

Live pig prices on December 24, 2024: Continuing the upward trend

Live pig prices on December 24, 2024: Continuing the upward trend

(VAN) Live pig prices on December 24, 2024, continue to increase by VND 1,000. Currently, the live pig market in 3 regions is trading at VND 63,000 - 69,000/kg.

Farmers are using wool to save water in the drought-ridden West

Farmers are using wool to save water in the drought-ridden West

(VAN) The potted plant experiment gave Wilde the idea that incorporating unused wool—which can hold up to 35% of its weight in H2O—into his compost pile might keep the product moist.

Read more