Coffee prices on May 15 in Vietnam: Coffee suddenly increased, in 4 months Vietnam has exported record coffee, reaching 2.5 billion USD

Published May 16, 2024

Tridge summary

Coffee prices are fluctuating globally, with increases noted for Robusta in London and Arabica in New York for July 2024 deliveries. Vietnam has seen a rise in local coffee prices and exported a record 737,797 tons in the first four months of the year, generating 2.5 billion USD. However, export volumes have recently declined, suggesting a supply depletion. Despite general downward trends due to fund and speculator liquidation, Brazil's upcoming winter is mitigating this decline. In April, Vietnam's export coffee price averaged 3,768 USD/ton, significantly higher than the previous year.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the latest records, coffee prices on the world market are fluctuating. Specifically, the online price of Robusta coffee in London delivered in July 2024 was recorded at 3,433 USD/ton after an increase of 1.00%. The remaining terms also increased. The price of Arabica coffee delivered in July 2024 in New York is at 200.85 UScents/pound after an increase of 2.45%. Coffee prices in key localities in the country today simultaneously reversed and increased by 1,200 VND/kg. Specifically, the two provinces of Lam Dong and Dak Lak respectively adjusted transactions to 100,900 VND/kg and 102,000 VND/kg, respectively. Traders in Gia Lai and Dak Nong are buying coffee at prices of 101,400 VND/kg and 101,900 VND/kg. Coffee prices recovered from initial declines to finish moderately high as the USD index fell to a one-week low. Besides, the market also has negative information for prices from Cercafe's Monday report showing that Brazil's coffee green exports in April increased by ...
Source: Danviet
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