News

Coffee price on May 19, 2024: This week, prices in Vietnam increased by 3,500 VND/kg

Published May 19, 2024

Tridge summary

As of May 19, 2024, coffee prices on the London and New York exchanges remained stable with Robusta priced around 3,518 USD/ton for July and September delivery, and Arabica priced at 206.60 cents/lb for July and 205.45 cents/lb for September. No new fluctuations were observed in world coffee prices, with the recent increase being attributed to positive US economic news and expectations of easier monetary policy from the US to Europe. In Vietnam, domestic coffee prices ranged from 103,300 to 104,000 VND/kg, remaining stable and unchanged from the previous day.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee prices today May 19 around the world In the world, the London and New York exchanges on May 19 remained stable. In particular, the price of Robusta on the London exchange for delivery in July 2024 is around 3,518 USD/ton. And the term for delivery in September 2024 is at 3,518 USD/ton. On the New York floor, Arabica price for delivery in July 2024 is anchored at 206.60 cents/lb. And the September 2024 delivery term remains at 205.45 cents/lb. World coffee prices today have no new fluctuations. To summarize this week, both exchanges increased sharply when the July delivery term increased, Rubusta price increased to 78 USD/ton and Arabica price increased 5.45 cents/lb. In the last two sessions of the week, this agricultural product reversed and increased the strongest in the last session of the week. According to experts, the positive information from the US economy in recent days has strongly reinforced the belief that the Fed will cut interest rates in the near future. This ...
Source: Agriculture
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.