Sharp decline in both domestic and international markets

World coffee prices at 4:30 a.m. on July 25, 2024 were updated on the MXV Vietnam Commodity Exchange trading floor.

Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are updated by www.giacaphe.com as follows:

Coffee price today July 25, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

At the end of the trading session, the price of Robusta coffee on the London floor on July 25, 2024 at 4:30 a.m. decreased to 3,866 - 4,327 USD/ton. Specifically, the delivery period for September 2024 is 4,327 USD/ton (down 154 USD/ton); the delivery period for November 2024 is 4,176 USD/ton (down 151 USD/ton); the delivery period for January 2025 is 4,006 USD/ton (down 136 USD/ton) and the delivery period for March 2025 is 3,866 USD/ton (down 120 USD/ton).

Coffee price today July 25, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com

Arabica coffee prices on the New York floor on the morning of July 25, 2024 decreased from 226.40 - 231.15 cents/lb. Specifically, the September 2024 delivery period is 231.15 cents/lb (down 3.32%); the December 2024 delivery period is 230.10 cents/lb (down 3.12%); the March 2025 delivery period is 228.80 cents/lb (down 2.99%) and the May 2025 delivery period is 226.40 cents/lb (down 2.79%).

Coffee price today July 25, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com)

The price of Brazilian Arabica coffee decreased on the morning of July 25, 2024. Specifically, the delivery period in October 2024 was 288.50 USD/ton (down 0.05%); the delivery period in December 2024 was 282.00 USD/ton (down 0.09%); the delivery period in March 2025 was 278.50 USD/ton (down 3.25%) and the delivery period in May 2025 was 275.30 USD/ton (down 3.03%).

Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.

For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 – 02:35 (next day), Vietnam time.

Domestic coffee prices in Vietnam are approaching historic highs thanks to strong increases in global coffee prices, creating opportunities for farmers and exporters.

In the first half of 2024, Vietnam exported nearly 894,000 tons of green coffee, with an estimated value of about 3.19 billion USD. According to statistics from the General Department of Customs, compared to the same period last year, the export volume decreased by 11.4% but the value increased significantly by 33.2%.

The average export price of Vietnamese coffee in June reached 4,489 USD/ton. The average export price in the first 6 months of this year reached 3,570 USD/ton.

The increase in coffee prices has helped businesses and producers improve product quality, invest in processing technology, and diversify products to increase added value. Many companies have focused on developing deeply processed coffee products such as roasted beans, flavored coffee, and filter coffee bags to increase export value.

Domestic coffee prices were updated at 4:30 a.m. on July 25, 2024 as follows, according to www.giacaphe.com, domestic coffee prices dropped sharply by 1,500 VND/kg compared to yesterday, ranging from 126,000-126,700 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 126,600 VND/kg, the highest purchase price in Dak Nong province is 126,700 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 126,500 VND, in Pleiku and La Grai the same price is 126,400 VND/kg; In Kon Tum province the price is 126,500 VND/kg; In Dak Nong province the coffee is purchased at the highest price of 126,700 VND/kg.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 126,000 VND/kg.

Coffee prices today, July 25, in Dak Lak province dropped sharply by 1,500 VND/kg; in Cu M'gar district, coffee was purchased at about 126,500 VND/kg, and in Ea H'leo district, Buon Ho town, it was purchased at the same price of 126,400 VND/kg.

The US dollar rose, the Brazilian currency fell; along with that, increased inventories caused funds and speculators to increase short selling. The above two reasons caused coffee on both exchanges to plummet.

Early morning of July 24 in the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.15%, reaching 104.47. The USD increased slightly as traders waited for US inflation data to be released later this week.

Domestically, according to some businesses, there is not much coffee inventory left, mainly serving the domestic market. Businesses do not dare to risk signing new contracts when prices are constantly fluctuating strongly along with quite high transportation costs.

Previously, farmers in some areas massively cut down coffee trees to switch to growing durian. Now that coffee prices are high and bringing in good profits, many farmers intend to switch to other crops.

However, the conversion of crops without calculation, without control, for temporary profit and without direction from specialized agencies has been warned by localities and experts that it can bring many risks in the future.

Coffee price list today 7/25/2024

Market	Average price (VND/kg)	Change (VND/kg)
Dak Lak	126.50	-1,500
Lam Dong	126,000	-1,500
Gia Lai	126,500	-1,500
Kon Tum	126,500	-1,500
Dak Nong	126,700	-1,500