Coffee prices in Vietnam on May 28, 2024, increased slightly

Published May 28, 2024

Tridge summary

Global coffee prices remained stable on May 28, 2024, with Robusta and Arabica prices unchanged in the London and New York exchanges. The market is currently suspended for a holiday, with the market's focus shifting to inflation data from the US, Europe, and Japan to guide global interest rate expectations. Meanwhile, in Vietnam, domestic coffee prices continued to move sideways but saw a slight increase to around 117,000 VND/kg, driven by a declining USD and high ocean freight prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Coffee prices today May 28 in the world In the world, the London and New York exchanges on May 28 had no new fluctuations. In particular, Robusta price on the London exchange for delivery in July 2024 remained at 3,892 USD/ton. And the September 2024 delivery term went sideways; anchored at 3,806 USD/ton. On the New York floor, Arabica price for delivery in July 2024 remained at 218.25 cents/lb. And the September 2024 delivery futures are anchored at 217.35 cents/lb. World coffee prices today continue to move sideways as both exchanges are still temporarily suspending trading for the holiday. The market will return tomorrow. Currently, the USD officially established its first monthly decline this year. Accordingly, the DXY index measuring fluctuations in the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased to 104.58. The reason is that investors focus on inflation data from the US, Europe and Japan to guide the global interest rate outlook. US economic ...
Source: Agriculture
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