News

Coffee prices on March 24 in Vietnam: Domestic coffee prices set a record high, approaching the price of 100,000 VND/kg

Raw Common Coffee Bean
Vietnam
Market & Price Trends
Published Mar 25, 2024

Tridge summary

Despite a decrease in Robusta and Arabica coffee prices at the end of the weekend trading session, both markets saw overall increases throughout the week. The Central Highlands market also saw an increasing trend in coffee prices. However, due to the impact of high temperatures and drought caused by the El Nino phenomenon, farmers in Southeast Asia are switching to more effective crops, leading to a decrease in coffee output. Despite this, global coffee bean consumption is expected to increase significantly, particularly in Asia, with Vietnam and Indonesia seeing increases of 60% and 90% respectively, and China, the world's seventh largest coffee consumer, seeing a 130% increase.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

At the end of the weekend trading session, Robusta coffee prices on the ICE Europe - London exchange reversed and decreased. Futures for delivery in May decreased by 27 USD, to 3,358 USD/ton and futures for delivery in July decreased by 24 USD, to 3,264 USD/ton, very significant decreases. Trading volume is average. Similarly, the price of Arabica coffee on the ICE US - New York floor has the same decreasing trend. Futures for delivery in May decreased by 0.85 cents, to 184.85 cents/lb and futures for delivery in July decreased by 0.65 cents, to 184 cents/lb, slight decreases. Trading volume remains well above average. For the whole week, the London market had 3 increasing sessions and 2 decreasing sessions. Robusta coffee futures for May delivery increased by a total of 50 USD, or 1.51%, to 3,358 USD/ton and for July delivery, increased by a total of 53 USD, or by 1.65%, to 3,264 USD/ton. tons, significant increases. Trading volume remains above average. Similarly, the New York ...
Source: Danviet

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