January 24, 2025 | 23:40 GMT +7
Hotline: 0913.378.918
January 24, 2025 | 23:40 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on 11/08/2024
Globally, the London and New York exchanges saw a strong recovery on November 8.
On the London exchange, Robusta coffee for January 2025 delivery increased by $ 179 (equivalent to 4.16%), reaching $ 4,486/ton. The March 2025 delivery also surged, rising by $ 176 (4.14%) to $ 4,424/ton.
Meanwhile, on the New York exchange, Arabica coffee for December 2024 delivery jumped by 11.65 cents (4.68%), reaching 260.40 cents/lb. The March 2025 contract saw a similarly strong increase, up by 11.65 cents (4.72%) to 259.75 cents/lb.
Latest Arabica and Robusta prices on 11/08/2024
Global coffee prices surged today as the USD weakened.
The USD’s decline followed comments from Fed Chairman Jerome Powell, who offered no indication that the U.S. Federal Reserve might halt interest rate cuts in the near future, after the recent 25 basis point cut at the last policy meeting.
In addition, weather conditions have contributed to the increase in coffee prices. Drought in Brazil and weekend rains in Vietnam are likely to disrupt the ongoing harvest.
Thus, global coffee prices on 11/08/2024, have significantly increased compared to yesterday.
In Vietnam, the domestic coffee market rose sharply by VND 1,500 from yesterday.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 107,500/kg.
In Dak Lak, Cu M'gar district is buying coffee at VND 108,000/kg, while Ea H'leo and Buon Ho districts are trading at VND 107,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R’lap are purchasing at VND 108,000 and VND 107,900/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 107,900/kg, while Pleiku and La Grai are holding at VND 107,800/kg.
In Kon Tum, the coffee purchase price today is VND 107,900/kg.
Domestic coffee prices today rebounded by up to VND 1,500, bringing the crop back up to around VND 108,000/kg.
Thus, on 11/08/2024, domestic coffee prices are trading within the range of VND 107,500 - 108,000/kg.
$ 1 = VND 25.121 - 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.
