Coffee prices in Vietnam on May 19 returned to a strong upward trend

Published May 20, 2024

Tridge summary

Coffee prices on the world market are fluctuating, with increases in the future delivery prices of Robusta and Arabica coffee. The online price of Robusta coffee in London for July 2024 increased by 2.87%, while Arabica coffee in New York for the same month increased by 4.40%. Domestically, Vietnam has seen a rise in coffee prices, with traders in Dak Nong province paying the highest price of 104,000 VND/kg. Concerns over coffee output are rising due to insufficient rainfall in key producing countries, Vietnam and Brazil. The World Coffee Organization reported that coffee prices reached a record high in April, driven by concerns about crop failure in Vietnam.
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 3,518 USD/ton after an increase of 2.87%. The remaining terms also increased. The price of Arabica coffee delivered in July 2024 in New York was at 206.60 UScents/pound after an increase of 4.40%. Domestically, coffee prices this week increased a total of 2,900 - 3,300 VND/kg in localities. Among them, traders in Dak Nong province are buying coffee at the highest price of 104,000 VND/kg, an increase of 3,000 VND/kg. The two provinces of Gia Lai and Dak Lak respectively raised coffee transaction prices to 103,400 VND/kg and 103,900 VND/kg after both increasing by 2,900 VND/kg. Lam Dong province has the lowest coffee price of 103,300 VND/kg, an increase of 3,300 VND/kg compared to the beginning of the week. Insufficient rainfall in Vietnam and Brazil remains a concern that could limit coffee output and ...
Source: Danviet
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