Coffee prices in Vietnam on April 6, 2024, Arabica continues to decline

게시됨 2024년 4월 6일

Tridge 요약

On April 6, 2024, the global coffee market experienced mixed trends with a decrease in Robusta prices on the London exchange and an increase in Arabica prices in New York. The EU saw a decline in coffee imports by 9% in volume and 10.2% in value, attributed to economic challenges and high inflation. In Vietnam, domestic coffee prices slightly fell but remained high, while the country's coffee exports in the first two months of 2024 showed a significant increase in Robusta exports by volume and value, and a decrease in Arabica exports. Major export markets for Vietnam's coffee include Germany, Italy, Spain, the USA, and Russia, with growth observed in several potential markets.
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원본 콘텐츠

Coffee prices today April 6 around the world In the world, the London and New York exchanges on April 6 continued to fluctuate in opposite directions. In particular, the price of Robusta on the London exchange for delivery in May 2024 decreased by 22 USD; about 3,744 USD/ton. And the July 2024 delivery term decreased slightly by 19 USD; at 3,679 USD/ton. On the New York floor, the price of Arabica delivered in May 2024 increased sharply by 5.75 cents; to 212.50 cents/lb. And the July 2024 delivery term increased by 5.2 cents; reaching 211 cents/lb. World coffee prices today continued to decline on the London floor, losing another 0.5% but still increasing strongly (more than 2.5%) on the New York floor. According to statistics from Eurostat, in 2023, the EU imports 4.05 million tons of coffee (HS code 0901); worth 19.17 billion EUR (equivalent to 20.79 billion USD); Thereby, there has been a decrease of 9% in volume and 10.2% in value compared to 2022. The reason why the EU ...
출처: Agriculture

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