Coffee prices in Vietnam on December 4, 2024, sharp decline across the board

Published 2024년 12월 4일

Tridge summary

Vietnam's domestic coffee prices have experienced a significant drop of 16,000 - 19,800 VND/kg, due to pressure from the global market and profit-taking activities. This decrease is also influenced by a harvest season where farmers have not yet increased sales. Meanwhile, world Robusta coffee prices on the London floor have reached their lowest in over two weeks, dropping by 199 - 208 USD/ton. Arabica coffee prices on the New York floor also saw a slight decrease. This decline is attributed to various factors, including market sell-off and a decrease in export volumes.

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

Original content

Domestic coffee prices today, December 4 Domestic coffee prices today fell sharply across the board with a decrease of 16,000 - 19,800 VND/kg, bringing the average purchase price in the Central Highlands provinces to the lowest level in many months. This price decrease is said to be due to pressure from the world market and profit-taking liquidation activities. Domestic coffee prices today also fell by 19,000 VND/kg, trading at 108,000 - 109,500 VND/kg. Specifically, in Dak Lak, today's coffee price was purchased at 109,000 VND/kg, down 19,000 VND/kg compared to yesterday. In Lam Dong, today's coffee price was purchased at 108,000 VND/kg, down 19,800 VND/kg compared to the previous trading session. In Gia Lai, today's coffee price is trading at 109,000 VND/kg, down 19,000 VND/kg compared to the trading price a day ago. Coffee prices in Dak Nong province today also recorded a decrease of 19,000 VND/kg, trading at 109,500 VND/kg. Coffee prices in the last 2 trading sessions have ...

Source: Agriculture