Coffee price today in Vietnam, March 11, 2024: Close to the threshold of 91,000 VND/kg

Published 2024년 3월 11일

Tridge summary

As of March 11, 2024, coffee prices remained steady on both the London and New York exchanges, with Robusta and Arabica prices for May 2024 delivery standing at 3,297 USD/ton and 185.20 cents/lb respectively. The ICO reported an increase in green coffee exports as production conditions normalize in some countries. However, coffee production in Indonesia and Brazil is expected to decline due to excessive rainfall and dry conditions respectively. Meanwhile, domestic coffee prices in Vietnam remained stable, trading around 89,800 - 90,800 VND/kg.

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

Original content

Coffee prices today March 11 in the world In the world, the London and New York exchanges on March 11 remained stable. In particular, Robusta price on the London exchange for delivery in May 2024 remained at 3,297 USD/ton. And the July 2024 delivery term returned to anchor at 3,190 USD/ton. On the New York floor, Arabica price for delivery in May 2024 remained at 185.20 cents/lb. And the July 2024 delivery date is at 183.45 cents/lb. World coffee prices today continue to move sideways. Last week, both exchanges increased sharply, in which the prices of Robusta and Arabica futures for May delivery increased by 154 USD and 1.9 cents, respectively. The ICO organization said that the recent increase in green coffee exports mainly reflects that production conditions have returned to normal in some countries after a year of decline. Total global exports of this commodity in the first 3 months of the 2023/24 crop year have reached 29.2 million bags, up 6.8% over the same period of the ...

Source: Agriculture