Coffee prices on May 25 in Vietnam: Domestic coffee prices went sideways, the two world exchanges increased

Published May 26, 2024

Tridge summary

World coffee prices are fluctuating, with Robusta coffee in London for July 2024 increasing by 1.91% to 3,892 USD/ton, and Arabica coffee in New York for the same month increasing by 1.21% to 218.25 UScents/pound. However, domestic prices in Vietnam remain flat. The slow progress of the Arabica coffee harvest in Brazil and the potential impact of the European Union's anti-deforestation regulations on coffee imports are also contributing to the price increase. The International Coffee Organization has reported that traders are increasing exports to Europe ahead of the new law. Vietnam, a major coffee producer, is expected to have a significant crop decrease due to unfavorable weather and the El Nino phenomenon, leading to a global Robusta coffee deficit for the 2024/25 period.
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 3,892 USD/ton after an increase of 1.91%. The remaining terms all increased. The price of Arabica coffee delivered in July 2024 in New York was at 218.25 UScents/pound after an increase of 1.21%. Domestically, coffee prices today are flat. Specifically, traders in Dak Lak and Gia Lai continue to buy coffee at a price of 114,000 VND/kg. The two provinces of Lam Dong and Dak Nong recorded the lowest and highest transaction prices in the region at 113,000 VND/kg and 114,500 VND/kg. At current levels, coffee prices are near the 120,000 VND/kg mark. Dealers in Vietnam said that although there have been some recent showers in coffee growing areas, it is too late because damage due to drought has already been recorded. Brazil's Arabica coffee harvest this year is also progressing slowly and the bean size is ...
Source: Danviet
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