News

Coffee prices on April 16: Domestic coffee has the highest price ever, the world market increased sharply

Coffee Drinks
Market & Price Trends
Published Apr 17, 2024

Tridge summary

Robusta and Arabica coffee prices have surged to significant highs on ICE Futures markets in London and New York, with Robusta hitting an all-time high and Arabica also showing strong gains for future deliveries. This price increase is largely due to concerns over coffee crop yields in Brazil and Vietnam, the world's leading coffee producers, where severe dry weather has impacted supply. Despite a weakening Brazilian real, the market remains bullish with a tight supply situation highlighted by Brazilian growers having sold 96% of their 23/24 Robusta crop output. Similarly, domestic prices in Vietnam's key coffee-growing provinces have risen, reflecting a global coffee market grappling with supply constraints.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Latest records, Robusta coffee prices on ICE Futures Europe London continue to increase strongly, delivery term in May 2024 increased by 74 USD, trading at 3,974 USD/ton. July 2024 delivery term increased by 97 USD to trade at 3,949 USD/ton. High average trading volume. Arabica coffee prices on ICE Futures US New York increased, delivery term in May 2024 increased by 6.9 Cents, trading at 231.55 Cents/lb. Meanwhile, the July 2024 delivery futures increased by 6.4 Cents, trading at 226.85 Cents/lb. High trading volume. Domestic coffee prices today fluctuate between 113,500-114,000 VND/kg, maintaining an increase of 2,600 - 3,000 VND/kg. Specifically, the provinces of Dak Nong, Dak Lak and Gia Lai have the highest coffee price of 114,000 VND/kg, an increase of 2,600 - 3,000 VND/kg depending on the region. Traders in Lam Dong are buying coffee at the lowest price of 113,500 VND/kg after an increase of 3,000 VND/kg. Coffee prices traded on the first day of the week extended this ...
Source: Danviet
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