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Coffee prices on May 21 in Vietnam: Coffee prices decreased slightly compared to the previous session, is it true that coffee inventory information increased?

Published May 22, 2024

Tridge summary

The article reports on the fluctuating global coffee prices, with Robusta coffee prices decreasing by 0.54% to 3,499 USD/ton and Arabica coffee prices increasing by 0.05% to 206.70 UScents/pound. Vietnamese domestic coffee prices have seen a slight decrease, but traders in most areas continue to purchase at the same prices. The market experienced a decline after reaching a 2-week high, driven by the recovery of ICE coffee inventories and concerns over insufficient rainfall in Brazil and Vietnam. Strength of the Brazilian Real also supported coffee prices. The New York market is expected to continue accumulating strength for a price increase, while the Robusta market signals are not clear. Both Brazil and Indonesia, major Robusta coffee producers, are expected to see increased production in the upcoming crop year, which could impact the coffee market.
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 fluctuate in opposite directions. Specifically, the online price of Robusta coffee in London delivered in July 2024 was recorded at 3,499 USD/ton after a decrease of 0.54%. The remaining terms also decreased. The price of Arabica coffee delivered in July 2024 in New York was at 206.70 UScents/pound after an increase of 0.05%. Domestic coffee prices today are trading around 103,400 - 104,200 VND/kg. Coffee prices decreased slightly by 100% in two provinces of Lam Dong and Gia Lai, recorded at 103,400 VND/kg and 103,700 VND/kg respectively. Traders in the remaining localities still maintain purchasing coffee at unchanged prices, of which Dak Nong recorded the highest level of 104,200 VND/kg. The market in the first session of the week fell back from the 2-week high of both types of coffee, and then trading was quite stable with mixed increases and decreases. The recovery of ICE coffee inventories from low levels ...
Source: Danviet
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