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Coffee price in Vietnam today, May 16, 2024: Just increased and then turned down

Published May 16, 2024

Tridge summary

On May 16, 2024, global coffee prices fell on the London and New York exchanges due to increased inventories, weather conditions in Brazil, and a stronger USD. In Vietnam, domestic coffee prices also dropped by up to 800 VND/kg. Despite this, Gia Lai province plans to maintain and expand coffee cultivation, focusing on careful replanting and water management. Similarly, Dak Doa district aims to replant 300 hectares of old trees, emphasizing sustainable and clean agriculture, with domestic coffee prices trading around 99,900 - 101,000 VND/kg.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee prices today May 16 around the world In the world, the London and New York exchanges on May 16 simultaneously decreased. In particular, the price of Robusta on the London exchange for delivery in July 2024 decreased by 31 USD; about 3,402 USD/ton. And the September 2024 delivery term decreased by 28 USD; at 3,336 USD/ton. On the New York floor, the price of Arabica delivered in July 2024 decreased to 1.45 cents; down to 199.4 cents/lb. And the September 2024 delivery term decreased by 1.5 cents; at 198.4 cents/lb. World coffee prices today turned down after a strong increase yesterday. The market fluctuates up and down due to the impact of the USD and the weather situation in Brazil. In addition, increased inventory on the floor and export information are factors that pull down coffee prices. New York certified graded Arabica stocks increased by 9,852 bags the previous day, reaching an inventory level of 721,723 bags. Before that, the price of this agricultural product ...
Source: Agriculture
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