Coffee price today May 27, 2024 in Vietnam: Highest reaching 116,000 VND/kg

Published May 27, 2024

Tridge summary

Coffee prices on the London and New York exchanges remained stable on May 27, 2024, with Robusta and Arabica prices for July and September 2024 delivery remaining unchanged from the previous day. Despite an increase in Robusta prices last week, there has been no shift towards using more Arabica, likely due to its higher cost. The market is also facing uncertainties due to climate change-related supply issues and concerns over Vietnam's Robusta supply. However, the US Department of Agriculture anticipates a recovery in Indonesia's coffee output next season, leading to a 14% increase in production. Domestically, Vietnam's coffee prices continued to hover around the same level, showing no significant fluctuations.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee prices today May 27 in the world In the world, the London and New York exchanges on May 27 remained stable. In particular, Robusta price on the London exchange for delivery in July 2024 remained at 3,892 USD/ton. And the September 2024 delivery term went sideways; anchored at 3,806 USD/ton. On the New York floor, Arabica price for delivery in July 2024 remained at 218.25 cents/lb. And the September 2024 delivery futures are anchored at 217.35 cents/lb. World coffee prices today continue to move sideways. Last week, the price of Robusta delivered in July increased to 374 USD/ton while the price of Arabica delivered in July increased sharply by 11.65 cents/lb. Mr. Andrea Illy - President of Italian coffee roasting company Illycaffe SpA said that increases in Robusta prices would usually encourage a switch to using more Arabica, but that is not happening at this time. And given that, this is a pretty unique dynamic in the market. For certain types of brewed beverages such as ...
Source: Agriculture
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