Coffee price today May 6, 2024 in Vietnam: Last week evaporated 30,000 VND/kg

Published 2024년 5월 6일

Tridge summary

On May 6, 2024, global coffee prices remained stable with Robusta priced at 3,541 USD/ton and Arabica at 200.6 cents/lb. Vietnamese domestic markets also saw no price fluctuations, with prices ranging from 102,000 to 103,500 VND/kg. Despite making up only 2.2% of Singapore's market share, Vietnam's coffee exports to Singapore have surged by 157% YoY in the first quarter of 2024, reaching 2.01 million USD. This indicates a significant market potential for Vietnamese coffee in Singapore, given the country's role as a leading transshipment hub, which could facilitate exports to third countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee price today 6/5 in the world In the world, the London and New York exchanges on May 6 had no new fluctuations. In particular, the Robusta price on the London exchange for delivery in July 2024 is anchored at 3,541 USD/ton. And the September 2024 delivery term remains stable around 3,470 USD/ton. On the New York floor, Arabica prices delivered in July 2024 remained unchanged; at 200.6 cents/lb. And the September 2024 delivery term remains stable at 199 cents/lb. The world coffee market today is still standing still. Last week, both London and New York exchanges dropped sharply, in which Arabica delivered in July lost 23.4 cents, while Robusta delivered in July "evaporated" to 610 USD. Thus, world coffee prices on May 6, 2024 continue to move sideways compared to yesterday. Coffee price today 5/6 in the country Domestically, the coffee market on May 6 remained stable compared to yesterday. Specifically, in Lam Dong province, 3 districts of Di Linh, Bao Loc and Lam Ha are ...

Source: Agriculture