Tridge summary
On April 7, 2024, global coffee prices stabilized after a period of sharp increase earlier in the week, attributed to supply concerns from major producers Brazil and Vietnam. In London, May 2024 delivery for Robusta coffee was priced at 3,744 USD/ton, while in New York, Arabica coffee for the same delivery period stood at 212.50 cents/lb. Despite the global market's stability, Vietnam's domestic coffee prices surged to 103,000 - 103,500 VND/kg across several regions due to a forecasted 10% drop in crop output, influenced by climate change, crop switching, and market speculation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Coffee prices today April 7 around the world Around the world, the London and New York exchanges on April 7 simultaneously went sideways. In particular, Robusta price on the London exchange for delivery in May 2024 is anchored at 3,744 USD/ton. And the July 2024 delivery term remains at 3,679 USD/ton. On the New York floor, Arabica price for delivery in May 2024 stood still at 212.50 cents/lb. And the July 2024 delivery date is anchored at 211 cents/lb. World coffee prices today have no new fluctuations. This week, both London and New York exchanges simultaneously increased hotly. Specifically, Robusta futures price for May delivery increased to 265 USD/ton. The price of Arabica futures for May delivery increased sharply to 23.65 cents/lb. Information that the supply from the two leading producing countries of this agricultural product (Brazil and Vietnam) is affected has caused prices to increase sharply. Although the London exchange adjusted down after hot days, Arabica prices ...
Source: Agriculture
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.