Coffee price today April 24: Unexpected sharp increase

At the end of the trading session in the early morning of April 24, today's coffee prices increased by 1.91% - 2% for Robusta, while Arabica coffee prices increased by 3.03% - 3.49%. This is an increase that "cools the face" of those who are holding coffee.

Robusta coffee futures prices are as follows:

May 2025 to 5331 USD/ton, up 100 USD/ton.

July 2025 to 5362 USD/ton, up 105 USD/ton

September 2025 to 5298 USD/ton, up 103 USD/ton

November 2025 to 5222 USD/ton, up 99 USD/ton.

Converted according to the exchange rate, the price of Robusta coffee on the London floor is from 134,500 - 138,100 VND/kg.

The latest domestic coffee price is at 129,400 VND/kg, so it is expected to increase sharply today.

Arabica coffee prices increased even more strongly, with the May 2025 contract increasing by 290 USD/ton, to 8,500 USD/ton, equivalent to 218,900 VND/kg.

Coffee prices continue to rise today

The sharp increase in coffee prices after Easter caused many surprises when forecast indicators showed the opposite.

Notably, information about Brazil's upcoming Robusta harvest is expected to be abundant, while Vietnam's supply is said to remain abundant.

Customs data shows that in the first three months of 2025, Vietnam exported 8,070 tons of coffee to Thailand, worth 62.6 million USD, down 30.7% in volume but up 61.4% in value compared to the same period in 2024.

The average export price during this period was 7,765 USD/ton, an increase of 132.9% over the same period last year. In addition to the increase in coffee prices, Thailand also increased its imports of Arabica and processed coffee, resulting in high unit prices.

According to News-Photo: Ngoc Anh (NLDO)

Source: https://baogialai.com.vn/gia-ca-phe-hom-nay-24-4-bat-ngo-tang-manh-post320234.html