DAILY: Domestic coffee prices rose by 500 VND on May 9, 2025
Friday, May 9,2025
AsemconnectVietnam - According to Kinhtedothi, domestic coffee prices rose by 500 VND to 128,000 to 128,400 VND/kg on May 9, 2025 compared to Yersteday.
According to Kinhtedothi, domestic coffee prices rose by 500 VND to 128,000 to 128,400 VND/kg on May 9, 2025 compared to Yersteday.In Lam Dong province: 128,000 VND/kg in Di Linh, Lam Ha, and Bao Loc districts.
In Dak Lak province: 128,300 VND/kg in Cu M’gar district, and 128,200 VND/kg in Ea H’leo and Buon Ho.
In Dak Nong province: 128,400 VND/kg in Gia Nghia and at 128,300 VND/kg in Dak R’lap.
In Gia Lai province: 128,300 VND/kg in Chu Prong, and 128,200 VND/kg in Pleiku and La Grai.
In Kon Tum province: 128,200 VND/kg.
The domestic coffee market has rebounded compared to the same time yesterday morning.
Vietnam exported 663,000 tons of coffee in the first four months of 2025, down 9.8% year-on-year. However, export revenue rose 52% over the same period, reaching 3.8 billion USD.
Global Coffee Market:
At the close of the most recent trading session, Robusta coffee prices in London for July 2025 delivery rose by 26 USD/ton to 5,265 USD/ton. The September 2025 contract also increased by 26 USD/ton to 5,213 USD/ton.
In New York, Arabica coffee for July 2025 delivery rose by 3.25 cents/lb to 387.35 cents/lb. The September 2025 contract rose by 3.1 cents/lb to 381.8 cents/lb.
Both coffee exchanges rose after several consecutive days of decline, despite the strong rebound of the USD. Normally, a rising USD would suppress coffee prices, but yesterday's market movement was an exception.
According to expert Nguyen Quang Binh, the increase was due to speculative buying following a period of price declines, and a shift of capital flow from gold to coffee markets.
Gold Market:
Global gold prices continued to drop sharply. Spot gold fell by 60 USD to 3,306.1 USD/ounce. Gold futures were last traded at 3,306 USD/ounce, down 85 USD from the early hours of the previous day.
Early on May 9 in the U.S. market, the US Dollar Index (DXY), which measures the greenback against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), rose by 1.02% to 100.63.
The USD strengthened as market concerns eased following a bilateral trade agreement between the U.S. and the U.K., while the British pound reversed earlier gains after the Bank of England cut interest rates.
T.Huong
Source: Vitic
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