February 5, 2025 | 03:04 GMT +7
Hotline: 0913.378.918
February 5, 2025 | 03:04 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 February 4, 2025, surged by VND 1,700 – 1,900/kg domestically, currently ranging from VND 129,700 – 130,700/kg.
(VAN) Pepper prices on February 4, 2025, range from VND 149,000 to VND 150,000/kg, up sharply by VND 1,500 – VND 2,000/kg compared to yesterday.
(VAN) Despite efforts to liberalise rice imports and reduce tariffs, the agriculture department said, the domestic market has been slow to respond, with retail prices surpassing expectations.
(VAN) Pepper prices on February 3, 2025, remain unchanged in both domestic and global markets. Domestic pepper prices are trading at VND 147,000 - 148,200/kg.
(VAN) Live pig prices remain steady, ranging from VND 66,000 - 69,000/kg. In Quang Ninh, efforts are being made to protect livestock during the cold weather.
(VAN) Coffee prices on February 3, 2025, remain unchanged. Domestic coffee is currently trading in the range of VND 127,800 - 129,000/kg.
(VAN) Global arabica coffee prices hit record highs above $3.60 per lb as Brazil, by far the world's largest producer, has few beans left to sell and as worries over its upcoming harvest persist.
