July 9, 2025 | 17:30 GMT +7
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July 9, 2025 | 17:30 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on 05/31/2024
In the world, both the London and New York exchanges on May 31 saw significant increases.
Specifically, Robusta prices on the London exchange for July 2024 delivery surged by $ 93 to reach $ 4,270/ton. The September 2024 delivery also increased by $ 89 to hit $4,131/ton.
Meanwhile, on the New York exchange, Arabica prices for July 2024 delivery rose by 3.55 cents to reach 233 cents/lb. The September 2024 delivery also saw a strong increase of 3.65 cents to stand at 231.95 cents/lb.
Latest Arabica and Robusta prices on 05/31/2024
The world coffee prices continued to rise on the London exchange and sharply rebounded on the New York exchange.
The upward trend in prices has persisted since April 2024 due to unfavourable weather conditions in Vietnam affecting the supply.
Concerns about coffee crops in Brazil and Vietnam are driving buying activity in futures markets. The scarce supply of Robusta from Vietnam is a major factor contributing to the price increase.
On March 26, the Ministry of Agriculture and Rural Development forecasted that Vietnam's coffee output for the 2023/24 crop year could decrease by 20% to 1.472 million tons, marking the lowest output in four years due to drought.
Marex Group Plc predicts a global Robusta coffee deficit of 2.7 million bags in 2024/25 due to reduced production in Vietnam.
In early May, commodity prices experienced a sharp decline due to profit-taking by speculative funds and inventory recovery on the ICE exchange.
During the period from April 16 to 23, the net long position in the European market on the ICE exchange decreased by 5,042 lots, and the strengthening of the USD encouraged selling activity.
However, fundamental market factors such as coffee shortages, especially Robusta, and continued global demand remain supportive of prices in the near term.
Thus, global coffee prices on 05/31/2024 showed significant increases compared to the previous day.
In the domestic market, coffee prices on May 31 increased by an additional VND 3,000/kg compared to the previous day.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 124,000/kg.
In Dak Lak province, the district of Cu M'gar is purchasing at VND 124,700/kg. Meanwhile, Ea H'leo and Buon Ho districts are trading at VND 124,600/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lấp are trading at VND 125,200 and VND 125,100/kg, respectively.
In Gia Lai province, Chư Prông district is trading at VND 124,700/kg, while Pleiku and La Grai districts are maintaining prices at VND 124,600/kg.
The purchasing price in Kon Tum province today is VND 124,600/kg.
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.
