July 10, 2025 | 00:04 GMT +7
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July 10, 2025 | 00:04 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on 05/24/2024
On the global markets, both the London and New York exchanges experienced significant declines on May 24.
Specifically, the price of Robusta coffee on the London exchange for July 2024 delivery dropped by $ 98, reaching $ 3,819/ton. The price for September 2024 delivery fell sharply by $ 105, settling at $ 3,739/ton.
On the New York exchange, the price of Arabica coffee for July 2024 delivery dropped significantly by 4.8 cents, falling to 215.65 cents/lb. The price for September 2024 delivery decreased by 4.45 cents, also settling at 215.65 cents/lb.
Latest Arabica and Robusta coffee prices on 05/24/2024
Today, global coffee prices experienced a sharp decline after three consecutive days of significant increases as traders adjusted their positions.
The increase in certified stock on the exchange, coupled with reports of rising production in Brazil, contributed to the decline in both markets.
Previously, Volcafe had forecasted that Vietnam's Robusta crop for the 2024/25 season might only reach 24 million bags, the lowest in 13 years, due to insufficient rainfall causing "irreparable damage." Volcafe also predicted a global Robusta deficit of 4.6 million bags for 2024/25, a smaller deficit compared to the 9 million bags shortfall in 2023/24, but still marking the fourth consecutive year of Robusta shortages. This information contributed to the coffee prices soaring for three consecutive days this week.
After this strong increase, an adjustment phase was expected. However, experts believe that technically, despite the significant recent increases, Robusta prices are only about halfway through their current uptrend. The momentum remains strong, with a target to surpass the 3,967 USD/ton mark.
Thus, global coffee prices on 05/24/2024, have significantly decreased compared to yesterday.
In the domestic market, coffee prices on May 24, 2024, dropped by 2,000 VND/kg compared to the previous day.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are all trading at VND 114,000/kg.
In Dak Lak province, Cu M'gar district is buying at VND 115,000/kg. Meanwhile, Ea H'leo and Buon Ho districts are also trading at VND 115,000/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are trading at VND 115,500/kg and VND 115,400/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 115,000/kg, while Pleiku and La Grai are both at VND 114,900/kg.
The buying price in Kon Tum today is VND 114,900/kg.
Domestic coffee prices today decreased sharply after 3 consecutive days of hot increases. As a result, the price of this agricultural commodity has fallen to around VND 115,000/kg.
Thus, domestic coffee prices on 05/24/2024, are trading around the range of VND 114,000 - 115,500/kg.
$ 1 = VND 25.247 - Source: Vietcombank
Translated by Hoang Duy
(VAN) The average price was down 129 yen from the previous week and below 3,700 yen for the first time in 21 weeks. It dropped by over 100 yen for the third successive week.
(VAN) Global cereal production set to reach an all-time high, although hot and dry weather could impact yields.
(VAN) Coffee prices on July 3, 2025, declined globally, with Robusta dropping by 1.4%. Domestic prices fell by VND 900, trading at VND 94,300 – VND 94,800/kg.
'Rice prices keep rising while market activity stays sluggish, and many people are struggling to put food on the table,' a source in Ryanggang province told Daily NK.
(VAN) Japanese consumers have made a sharp shift away from high-priced rice to noodles and other cost-effective staples, the start of a possible sea-change in diets in the country, retailers and industry experts say.
(VAN) Global prices of key fertilizer ingredient urea have surged alongside escalating violence in the Middle East, which threatens to choke supplies of the crop nutrient from a significant producing and exporting region.
(VAN) Coffee prices on June 27, 2025, have rebounded globally. Domestic prices rose by VND 3,000, climbing to around VND 93,500 – VND 93,800/kg.
