Vietnam: Arabica coffee prices continue to climb, corn prices increase after WASDE report

Published 2024년 12월 11일

Tridge summary

The Vietnam Commodity Exchange reported a increase in the MXV-Index by 0.39% to 2,221 points on December 10, with green materials leading the world raw material price list. Notably, the price of Arabica coffee reached a historical record of almost 7,400 USD mark, while Robusta coffee prices also increased consecutively. Concerns about supply in Brazil and a forecasted global Arabica coffee deficit contribute to the rise in coffee prices, despite efforts to boost exports. Meanwhile, corn prices saw a more than 1.6% increase in the fourth consecutive session, supported by positive figures from the World Agricultural Supply and Demand (WASDE) report for December.

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

Original content

According to the Vietnam Commodity Exchange (MXV), green dominated the world raw material price list in the trading session on December 10. At the close, the MXV-Index increased by 0.39% to 2,221 points. Notably, in the industrial raw material market, the price of Arabica coffee continued to conquer a historical record when approaching the 7,400 USD mark. In addition, the agricultural product market also had 5/7 items simultaneously increasing in price, of which corn recorded the fourth consecutive increase. Arabica coffee price conquers new peak Closing yesterday's trading session, the price list of industrial raw material items witnessed green and red differentiation. Notably, the prices of the two coffee items fluctuated strongly, improving compared to the reference level. Of which, Arabica coffee prices increased by 1.23%, continuing to anchor at a 47-year high and at one point in the session touching a historical high when approaching the mark of 7,400 USD/ton. Robusta ...

Source: Baochinhphu