Today's coffee price on December 2, 2024 on the world market, at 4:30 am, is updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching the world exchanges, the only channel in Vietnam that continuously updates and links with the world exchanges). Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe during the trading hours of the exchange, updated as follows:
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 2, 2024 remained unchanged compared to the previous trading session and was anchored at a fairly high price, ranging from 5,215 to 5,730 USD/ton. Specifically, the delivery period for January 2025 was 5,409 USD/ton; the delivery period for March 2025 was 5,377 USD/ton; the delivery period for May 2025 was 5,310 USD/ton and the delivery period for July 2025 was 5,228 USD/ton.
Similarly, on the morning of December 2, 2024, the price of Arabica coffee in New York fluctuated little compared to the previous trading session, ranging from 304.50 - 335.45 cents/lb. Specifically, the delivery period for March 2025 was 318.05 cents/lb; the delivery period for May 2025 was 315.50 cents/lb; the delivery period for July 2025 was 310.85 cents/lb and the delivery period for September 2025 was 305.80 cents/lb.
At the end of the trading session on the morning of December 2, 2024, the price of Brazilian Arabica coffee continued to remain stable across delivery terms, ranging from 386.85 - 400.00 USD/ton. Specifically, the delivery term for December 2024 was 397.95 USD/ton; the delivery term for March 2025 was 393.70 USD/ton; the delivery term for May 2025 was 393.15 USD/ton; and the delivery term for July 2025 was 386.85 USD/ton.
Domestic coffee prices were updated at 4:30 a.m. on December 2, 2024 as follows: Domestic coffee prices have not changed compared to the previous trading session and are at a high level. Currently, the average purchase price in the Central Highlands provinces is 130,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 130,000 VND/kg. However, the current purchase price in Dak Nong province is at the highest level at about 130,500 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 129,500 VND/kg.
Coffee prices today (December 2) in Dak Lak province; in Cu M'gar district, coffee is purchased at 130,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 129,900 VND/kg.
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| Coffee price tomorrow 12/3/2024 |
According to forecasts, coffee prices are currently hovering at a high level and may increase slightly in the coming time.
Statistics show that last week, Robusta coffee prices reached their highest level in history and Arabica prices reached their highest level in 47 years. Last week, Robusta coffee futures for January 2025 delivery increased by 424 USD/ton, Arabica coffee futures for March delivery increased by 18.45 cents/lb.
According to experts, the sharp increase in coffee prices may be due to concerns about unfavorable weather conditions in Brazil and Vietnam, leading to reduced productivity, increased input costs, and high freight rates during the year-end season. In addition, the reluctance of coffee farmers in Brazil and Vietnam to sell in the hope of better prices is also one of the reasons pushing prices up. In addition, the unstable global geopolitical situation has led to speculation on commodity exchanges, causing coffee prices to escalate further.
According to forecasts, the global coffee shortage will be about 2 million bags in the 2024/25 crop year. Brazil's coffee production in the 2025/26 crop year is forecast to reach only 65.2 million bags, down 1.4% compared to the previous year, due to the impact of prolonged dry weather.
Concerns about current arabica supply are also compounded by poor harvests in other growing countries. Colombia, the second-largest arabica producer, is still recovering from the El Niño drought, while recent heavy rains have raised concerns about crop damage in Costa Rica and Honduras.
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