Coffee price today 11/11/2024: Domestic increase 500

Update coffee prices today 11/11/2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Kon Tum coffee, green coffee, Arabica coffee 11/11/2024.

Today's coffee prices were updated at 4:30 a.m. on November 11, 2024 as follows, according to www.giacaphe.com, today's domestic coffee prices are in the range of 106,500-107,200 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 107,100 VND/kg, the highest purchase price in Dak Nong province is 107,200 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 107,000 VND, in Pleiku and La Grai the price is 106,900 VND/kg; in Kon Tum province the price is 107,000 VND/kg; in Dak Nong province the coffee is purchased at the highest price of 107,200 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 106,500 VND/kg.

Coffee price today November 11, 2024: Domestic price increased by 500 - 700 VND/kg compared to last week; Robusta increased by nearly 100 USD/ton

Domestic coffee prices (November 11) in Dak Lak province; in Cu M'gar district, coffee was purchased at about 107,000 VND/kg and in Ea H'leo district, Buon Ho town, it was purchased at the same price of 106,900 VND/kg.

At the end of last week, coffee prices in the Central Highlands region fluctuated between 106,500 - 107,200 VND/kg, up 500 - 700 VND/kg compared to the end of last week. Thus, domestic coffee prices have increased again after 5 consecutive weeks of decline.

World coffee prices in the early morning of November 11, 2024, at 4:30 am, were updated on the Vietnam Commodity Exchange MXV (the only channel in Vietnam that continuously updates and links to exchanges around the world).

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 by www.giacaphe.com as follows:

Coffee price today November 11, 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 November 11, 2024 at 4:30 a.m. increased to 4,183 - 4,376 USD/ton. Specifically, the delivery period for January 2025 was 4,376 USD/ton (down 110 USD/ton); the delivery period for March 2025 was 4,318 USD/ton (down 106 USD/ton); the delivery period for May 2025 was 4,263 USD/ton (down 102 USD/ton) and the delivery period for July 2025 was 4,183 USD/ton (down 99 USD/ton).

Arabica coffee prices on the New York floor on November 11, 2024. (Photo: Screenshot of giacaphe.com)

Arabica coffee prices on the New York floor on the morning of November 11, 2024 decreased, from 249.30 - 253.10 cents/lb. Specifically, the delivery period for December 2024 is 253.35 cents/lb (down 2.71%); the delivery period for March 2025 is 253.10 cents/lb (down 2.56%); the delivery period for May 2025 is 251.80 cents/lb (down 2.54%) and the delivery period for July 2025 is 249.30 cents/lb (down 2.52%).

Brazilian Arabica coffee price on November 11, 2024. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee on the morning of November 11, 2024 increased and decreased in opposite directions. Specifically, the delivery period for December 2024 was 311.05 USD/ton (up 0.11%); the delivery period for March 2025 was 310.05 USD/ton (up 0.02%); the delivery period for May 2025 was 308.90 USD/ton (down 2.72%) and the delivery period for July 2025 was 305.45 USD/ton (down 2.72%).

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.

World coffee prices fell at the end of the week when the USD turned green again, but increased for the whole week.

At the end of the week, Robusta coffee futures for January 2025 delivery increased by 97 USD/ton. Arabica coffee futures for December delivery increased by 10.4 cents/lb. Robusta coffee had a week of increase after 5 consecutive weeks of sharp decline.

Coffee prices, especially Robusta, recovered after 5 weeks of decline thanks to factors: The US Federal Reserve (Fed) adjusted interest rate down by 0.25% on November 7. The Fed's move caused the USD index to fall sharply and boosted purchasing power for coffee.

Arabica prices hit a three-week high, while Robusta hit a one-week high on concerns that drought in Brazil could cut production. Rainfall in Minas Gerais, Brazil’s largest Arabica growing region, was just 27.4 mm, about 64% of the historical average, according to Somar Meteorologia.

In addition, developments in the US presidential election also contributed to the turmoil in the currency market, affecting commodity prices.

In recent days, the coffee market has been continuously adjusting according to the fluctuations of the USD. The greenback increases, coffee decreases and vice versa. In the first 3 days of the week when the US election results were not yet available, the market fluctuated within a narrow range, but in the last days of the week after Mr. Trump was elected US President, the market fluctuated strongly above 3 digits.

At the start of the 2024/25 crop year, domestic coffee prices remain very high compared to previous years. Harvest has just begun and work will continue until the end of the year.

Robusta prices were also supported by concerns that storm No. 7 in the East Sea could cause heavy rains in the Central Highlands, disrupting harvests. However, the storm is likely to dissipate before making landfall, with little impact on the Central Highlands.

However, the coffee market quickly stabilized after the International Coffee Organization (ICO) reported that global coffee exports in September increased by 25% year-on-year to 10.76 million bags, and total exports for the crop year increased by 11.7% to 137.27 million bags. Notably, exports from South America increased by 30.8% in September, bringing the region's crop year exports to 66.13 million bags, up 30.7% year-on-year.

Coffee price list today 11/11/2024