Coffee prices on June 13: Vietnam's coffee exports decreased by 50% in 5 months

Published Jun 14, 2024

Tridge summary

Coffee prices on the world market have fluctuated, with Robusta coffee in London for July 2024 increasing by 1.05% to 4,240 USD/ton, and Arabica coffee in New York for the same month increasing by 1.72% to 224.35 UScents/pound. However, the January 2025 term saw no increase. Domestically, Vietnam's coffee prices range from 121,500 - 122,700 VND/kg. The US Federal Reserve kept interest rates unchanged, leading to a rise in coffee prices. Non-commercial speculators increased their net long position in Arabica by 6.30%, and fund management companies in London increased their net buying positions by 10.97%. The market is monitoring the progress of Brazil's current harvest, with concerns about potential supply shortages from Vietnam and Indonesia due to severe drought. Vietnam's coffee exports in May decreased by 47.80% compared to the previous month, and the country's coffee output in the 2024 - 2025 crop year is predicted to decrease by up to 20% to 1.47 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to today's trading session, coffee prices on the world market fluctuated. Specifically, the online price of Robusta coffee in London delivered in July 2024 was recorded at 4,240 USD/ton after an increase of 1.05%. The remaining terms all increased, except for the January 2025 term. Arabica coffee price for delivery in July 2024 in New York was at 224.35 UScents/pound after an increase of 1.72%. Domestically, coffee prices today range from 121,500 - 122,700 VND/kg. In Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 121,500 VND/kg. In Cu M'gar district (Dak Lak), coffee price today is 122,500 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho (Dak Lak), today's coffee price is purchased at the same level of 122,400 VND/kg. Similarly in Dak Nong province, today's coffee purchase price is 122,700 VND/kg in Gia Nghia and 122,600 VND/kg in Dak R'lap. In Gia Lai province, today's coffee price is 122,400 VND/kg (Chu Prong), in Pleiku and La Grai ...
Source: Danviet
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