December 7, 2024 | 06:04 GMT +7
Hotline: 0913.378.918
December 7, 2024 | 06:04 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on November 26, 2024
Globally, both the London and New York exchanges saw simultaneous increases on November 26.
Specifically, Robusta prices on the London exchange for January 2025 delivery rose by $ 125 (equivalent to 2.51%), reaching $ 5,110/ton. Meanwhile, the March 2025 delivery increased sharply by $ 113 (equivalent to 2.3%), standing at $ 5,036/ton.
On the New York exchange, Arabica prices for March 2025 delivery rose by 2.7 cents (equivalent to 0.89%), reaching 304.80 cents/lb. The May 2025 delivery increased by 2.65 cents (equivalent to 0.88%), standing at 302.25 cents/lb.
Latest Arabica and Robusta prices as of November 26, 2024
Global coffee prices continued to rise, pushing Robusta to its highest levels in years, exceeding $ 5,000/ton. Geopolitical concerns have prompted speculators to withdraw capital and shift investments toward commodity exchanges.
In terms of supply and demand, worries about unfavourable weather conditions in Vietnam and Brazil affecting production have driven sharp increases in coffee prices. Additionally, military conflicts worldwide have raised transportation and other export-related costs.
Thus, global coffee prices on November 26, 2024, maintained their upward trend compared to the previous day.
In the domestic market, coffee prices rose by up to VND 2,000 compared to yesterday.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha all trade at VND 120,800/kg.
In Dak Lak, Cu M'gar district is purchasing at VND 122,000/kg, while Ea H'leo and Buon Ho districts are also trading at VND 122,000/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 122,000/kg and VND 121,900/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 121,800/kg.
Domestic coffee prices today continue to rise sharply, reaching a high of VND 122,000/kg.
In the first 15 days of November 2024, Vietnam exported only 20,933 tons of coffee, generating over $ 121.79 million in export value. This represents a 44.8% decrease in volume but a 1.8% increase in value compared to the same period last year.
Thus, domestic coffee prices on November 26, 2024, are trading around VND 120,800 - 122,000/kg.
$ 1 = VND 25.145 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) A family of four can expect an annual food expenditure of $16,833.67 and an overall price increase of three to five per cent.
(VAN) A family of four could pay $800 more for groceries in 2025 because of climate change, labour challenges, new policies and geopolitical events, says a report published Thursday.
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