April 13, 2025 | 21:55 GMT +7
Hotline: 0913.378.918
April 13, 2025 | 21:55 GMT +7
Hotline: 0913.378.918
Coffee prices today, February 6, surged on both the London and New York exchanges.
On the London exchange, Robusta futures for March 2025 rose by $ 85 (1.53%) to $ 5,643/ton, while the May 2025 contract increased by $ 98 (1.77%) to $ 5,646/ton.
Meanwhile, on the New York exchange, Arabica futures for March 2025 jumped by 14.4 cents (3.76%) to 397.75 cents/lb, while the May 2025 contract surged by 13.25 cents (3.51%) to 390.65 cents/lb.
Latest Arabica and Robusta prices on February 6, 2025,
Global coffee prices today continued their strong upward momentum on both exchanges. This marks the 10th consecutive increase for Arabica, making it the longest price rally since 1980. The March Arabica futures contract is now trading at a record high of nearly $4 per pound after doubling in value over the past year.
The supply shortage from Brazil, the world's leading Arabica producer, is causing concern among traders. These worries have intensified as Brazil recorded record-high exports at the start of the season, reducing the availability of coffee in the market.
According to Reuters, the price surge is supported by forecasts that Brazil’s output will decline in the upcoming crop season. However, analysts also believe that the market now has its own momentum, as buying activity from some speculators has triggered further participation from others.
Additionally, there are broader concerns among traders that U.S. President Donald Trump may impose trade tariffs on South American countries, which play a crucial role in coffee production.
Thus, global coffee prices on February 6, 2025, have surged compared to yesterday.
Coffee prices on February 6 domestically
In the domestic market, coffee prices today, February 6, increased sharply by VND 1,200 compared to yesterday.
Latest domestic and global coffee prices on February 6, 2025
Specifically, in Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are all trading at VND 129,800/kg.
In Dak Lak, Cu M'gar district is purchasing coffee at VND 130,500/kg today, while Ea H'leo and Buon Ho districts are trading at VND 130,400/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are transacting at VND 130,700/kg and VND 130,600/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 130,500/kg, while Pleiku and La Grai are both holding at VND 130,400/kg.
Meanwhile, in Kon Tum, today's coffee purchase price stands at VND 130,500/kg.
$ 1 = VND 25.060 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) It’s eaten with almost every meal, used to make sushi, made into sweets, fermented into alcohol and offered to the spirits at religious ceremonies.
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