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Coffee prices on May 26: Coffee prices have had a strong week

Published May 27, 2024

Tridge summary

World coffee prices are fluctuating due to forecasted low production levels of both Robusta and Arabica coffee. Robusta coffee prices in London for July 2024 have increased by 1.91%, while Arabica coffee prices in New York for the same month have increased by 1.21%. Domestically, Vietnam has seen a price increase for coffee, with further increases expected due to potential low production levels of Robusta coffee caused by poor rainfall. The European Union's proposed anti-deforestation regulations on imported goods, including coffee, may also contribute to the rise in coffee prices.
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 last week increased by 9,500 - 10,300 VND/kg in localities. In particular, traders in Lam Dong and Dak Nong provinces are purchasing coffee at the lowest and highest prices in the region of 113,000 VND/kg and 114,500 VND/kg, an increase of 9,500 VND/kg and 10,300 VND/kg respectively. . A transaction level of 114,000 VND/kg was recorded in Gia Lai and Dak Lak, an increase of 10,000 - 10,200 VND/kg. The news that impacted the coffee market last week was information from trader Volcafe saying that Vietnam's 2024/25 Robusta coffee production may only reach the lowest level in 13 years, ...
Source: Danviet
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