News

Coffee prices on April 14 in Vietnam: Robusta climbed to a new record high

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Apr 15, 2024

Tridge summary

In the latest trading session, there was a notable increase in the prices of Robusta and Arabica coffee futures for May and July 2024, with Robusta reaching 3,900 USD/ton and Arabica peaking at 224.65 cents/lb. This rise in coffee prices, including a significant domestic increase in Vietnam, is largely attributed to concerns over the crop conditions in Brazil and Vietnam, driven by adverse weather conditions such as drought and hot weather. Despite a decrease in the number of open contracts for Robusta, prices surged, and the potential onset of La Niña could further threaten coffee production. Additionally, Vietnam's coffee exports in March experienced a decrease in volume but an increase in value year-over-year, with the first quarter showing a significant rise in both volume and value due to the higher prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the end of the latest trading session, the price of Robusta coffee in London for delivery in May 2024 increased by 57 USD/ton, at 3,900 USD/ton, for delivery in July 2024 increased by 62 USD/ton, at 3,852 USD/ton. Arabica coffee price for delivery in May 2024 increased by 4.3 cents/lb, at 224.65 cents/lb, for delivery in July 2024 increased by 3.1 cents/lb, at 220.45 cents/lb. Summarizing the week, the price of Robusta coffee futures for May delivery increased by a total of 156 USD. The price of Arabica coffee futures for May delivery increased by 12.15 cents. Domestic coffee prices continue to increase by an average of 5,000 - 5,500 VND/kg all week, continuously collapsing prices. Domestic coffee prices today fluctuate between 109,000 - 110,000 VND/kg. In the past 6 days, the coffee market has continuously increased sharply. At the end of the week, localities recorded a sharp increase of 5,000 - 5,500 VND/kg compared to the beginning of the week. Specifically, after increasing ...
Source: Danviet
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