Coffee price today December 10: World price increases, domestic price decreases sharply

World coffee prices

Early morning of December 10 (Vietnam time), on the London floor, the price of Robusta coffee for January 2025 delivery was at 5,246 USD/ton, up 93 USD/ton compared to early morning yesterday. The price for March 2025 delivery increased 84 USD/ton, trading at 5,200 USD/ton.

The price of Arabica coffee on the New York floor for delivery in March 2025 was trading at 330 cents/lb, the same as yesterday's trading level. The price of delivery in May 2025 was unchanged, trading at 327 cents/lb.

Coffee prices fluctuated in different directions today. (Illustration photo)

Domestic coffee prices

Domestic coffee prices today did not record a simultaneous decrease in all localities, trading at 121,000 - 122,000 VND/kg.

Specifically, today's coffee price in Dak Lak is trading at 122,000 VND/kg, down 2,000 VND/kg compared to yesterday's trading session.

In Lam Dong, today's coffee price is purchased at 121,000 VND/kg, down 2,000 VND/kg compared to 1 day ago.

Today's coffee price in Gia Lai is trading at 122,000 VND/kg, down 2,000 VND/kg compared to the previous trading session.

In Dak Nong, coffee prices today also recorded a decrease of 2,000 VND/kg, trading at 122,000 VND/kg.

Rainfall levels have remained below historical averages in Brazil’s main coffee-growing region, keeping the outlook for 2025-26 supply negative. Somar Meteorologia reported rainfall in Minas Gerais, Brazil’s largest Arabica-growing state, at 17.8 mm last week, or 31% of the historical average.

In addition, according to the General Statistics Office of Vietnam (GSO), preliminary estimates show that Vietnam exported 60,445 tons of coffee in November, equivalent to 50.87% of the amount of coffee exported in the same period in 2023. In the first 11 months of the year, Vietnam exported 1.21 million tons of coffee, down 14.26% over the same period last year. This figure also contributed to the price increase.

Last week, the market also received some important information about coffee supply and demand. Notably, the Vietnam Coffee and Cocoa Association (VICOFA) raised its forecast for Vietnam’s coffee output in the 2024-2025 crop year to 28 million bags, 1 million bags higher than the previous forecast.

The Colombian Coffee Federation (FNC) also estimates the country's 2024 coffee production at 13.6 million 60-kg bags, up 20% from 2023 and 600,000 bags higher than previously forecast thanks to disease control and climate change adaptation.

In addition, the FNC also reported that in November, the country produced 1.76 million 60kg bags of washed Arabica coffee, up 37% compared to the same period in 2023. In the first 11 months of the year, exports increased by 8% compared to the same period last year, to 1.19 million bags. In addition, according to data from the Brazilian Government, in November, Brazil exported 285,447 tons of green coffee, up 21.6% compared to the same period in 2023.

Thanh Lam

Source: https://vtcnews.vn/gia-ca-phe-hom-nay-10-12-the-gioi-tang-trong-nuoc-giam-manh-ar912567.html