December 26, 2024 | 20:05 GMT +7
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December 26, 2024 | 20:05 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on November 22, 2024
Globally, the two exchanges in London and New York showed mixed movements on November 22.
Specifically, Robusta prices on the London exchange for January 2025 delivery reversed, dropping by $ 11 (equivalent to 0.23%), to $ 4,787/ton. Meanwhile, the March 2025 contract slightly decreased by $ 10 (equivalent to 0.21%), to $ 4,732/ton.
On the New York exchange, Arabica prices for March 2025 delivery increased by 3.2 cents (equivalent to 1.09%), reaching 295.70 cents/lb. Similarly, the May 2025 contract rose by 2.9 cents (equivalent to 1%), to 293.15 cents/lb.
Latest Arabica and Robusta prices on November 22, 2024
World coffee prices saw mixed movements, with Robusta slightly declining on the London exchange due to pressure from the strengthening USD, while Arabica on the New York exchange maintained positive growth.
As of the latest survey, the DXY index, measuring the USD against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stood at 107.04.
The USD has risen to a 13-month high as investors evaluated the latest labour market data and comments from Federal Reserve officials regarding interest rate pathways.
However, a reassessment of Brazil's coffee production by the USDA supported Arabica prices. The USDA's evaluation estimated a lower yield than previously projected, boosting market expectations.
Thus, global coffee prices on November 22, 2024, displayed contrasting trends compared to the previous day.
In the domestic market, coffee prices decreased slightly by VND 200 compared to the previous day.
In Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha recorded a price of VND 114,400/kg.
In Dak Lak province, Cu M'gar traded at VND 115,000/kg, while Ea H'leo and Buon Ho reached VND 114,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap transacted at VND 115,100/kg and VND 115,000D/kg, respectively.
In Gia Lai province, Chu Prong recorded a price of VND 114,800/kg, while Pleiku and La Grai held steady at VND 114,700/kg.
In Kon Tum province, the purchasing price stood at VND 114,700/kg.
Thus, on November 22, 2024, domestic coffee prices are trading in the range of VND 114,400 - 115,100/kg.
$ 1 = VND 25.170 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Coffee prices on December 25, 2024, are rising. Domestic coffee prices have increased by VND 100, trading between VND 120,600 - 121,400/kg.
(VAN) Pepper prices on December 25, 2024, remained steady domestically, trading at VND 144,000 - 145,000/kg. Vietnam had exported 242,000 tons of pepper.
(VAN) A Californian startup is challenging the traditional chocolate-making process by taking chocolate and coffee bean cells and growing them in a lab.
(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.
(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.
(VAN) Rubber prices on December 24, 2024, fluctuate globally. Domestic rubber latex prices have slightly increased, trading at VND 434 - 465/TSC.
(VAN) Rice prices on December 24, 2024, slightly increased and remained steady for paddy.For exports, the price of Vietnamese rice is currently decreasing.
