News

Coffee price in Vietnam today February 27, 2024: Still above the threshold of 82,000 VND/kg

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Feb 27, 2024

Tridge summary

On February 27, 2024, global coffee prices saw a slight decrease on both the London and New York exchanges. The London exchange reported a drop of 10 USD to 3,020 USD/ton for May 2024 delivery of Robusta, while the New York exchange saw a decrease of 0.7 cents to 179.60 cents/lb for May 2024 delivery of Arabica. The decrease is linked to the weakness of Brazil's local currency and favorable rainy weather. However, domestic coffee prices in Vietnam saw a slight increase, trading around 81,600 - 82,400 VND/kg.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Coffee prices today February 27 in the world Around the world, the London and New York exchanges on February 27 simultaneously decreased. In particular, the price of Robusta on the London exchange for delivery in May 2024 decreased by 10 USD; about 3,020 USD/ton. And the July 2024 delivery term decreased slightly by 7 USD; at 2,964 USD/ton. On the New York floor, the price of Arabica delivered in May 2024 decreased by 0.7 cents; down to 179.60 cents/lb. And the July 2024 delivery term decreased by 0.25 cents; at 178.80 cents/lb. World coffee prices today simultaneously decreased slightly. The weakness of Brazil's local currency has stimulated farmers' selling, and favorable rainy weather has pushed Arabica prices down. Investors are now waiting for a series of important economic data due to be released this week, which could provide more information about when the Fed will start cutting interest rates. US commodity data will be published today, February 27, while the US personal ...
Source: Agriculture
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