Coffee price today October 10, 2024: Continue to decrease slightly

Domestic coffee prices today

Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 112,800 VND/kg.

In Cu M'gar district (Dak Lak), the coffee price today is at 113,400 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho district (Dak Lak), the coffee price today is purchased at the same level of 113,300 VND/kg.

Similarly in Dak Nong province, today's coffee purchase price is at 113,500 VND/kg in Gia Nghia and 113,400 VND/kg in Dak R'lap.

In Gia Lai province, coffee price today is at 113,400 VND/kg (Chu Prong), in Pleiku and La Grai the price is 113,300 VND/kg.

Today's coffee price in Kon Tum province is purchased at 113,400 VND/kg.

Province/district (survey area)	Average (Unit: VND/kg)	Change from yesterday (Unit: VND/kg)
Dak Lak	113,400	-200
Lam Dong	112,800	-200
Kon Tum	113,400	-100
Gia Lai	113,400	-100
Dak Nong	113,500	-100

A coffee shop owner in Thu Duc has kept his prices unchanged since the middle of last year, even though he has raised them twice, each time by 10%. Unable to bear it any longer, he raised prices by another 10% in August. He believes that if coffee prices continue to rise, coffee shops may mix in other ingredients to reduce costs, leading to a decline in coffee quality.

To ensure clean coffee, the selling price must be between 70,000 and 100,000 VND per cup. Current coffee prices are unstable and depend heavily on speculators, according to Phuc Sinh founder. Businesses need to be cautious when buying and selling coffee at high prices, which are expected to remain high in the next 5 years, above 4,000 USD/ton.

The domestic coffee purchase price is VND113,000/kg, but the business purchase price is VND130,000/kg due to the lag between the floor price and the actual price. The price of roasted coffee to consumers is currently around VND500,000/kg. If coffee prices remain high at around $5,000/ton, American consumers could have to pay up to $20 for a cup of coffee. In Vietnam, without a reserve of raw materials, the price of a cup of coffee could go up to $4-5, equivalent to around VND100,000.

World coffee prices today

At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery increased by 16 USD/ton, at 4,872 USD/ton, and for January 2025 delivery increased by 26 USD/ton, at 4,710 USD/ton.

Arabica coffee prices for December 2024 delivery increased by 1.65 cents/lb to 249.85 cents/lb, and for March 2025 delivery increased by 1.70 cents/lb to 248.65 cents/lb.

Source: https://baodaknong.vn/gia-ca-phe-hom-nay-10-10-2024-tiep-tuc-giam-nhe-231311.html