Coffee price today December 9: Stable beginning of the week

World coffee prices

Early morning of December 9 (Vietnam time), on the London floor, the price of Robusta coffee for January 2025 delivery was at 5,153 USD/ton, unchanged from early morning yesterday. The price for March 2025 delivery was also unchanged, trading at 5,116 USD/ton.

Arabica coffee futures for March 2025 delivery on the New York Stock Exchange traded at 330 cents/lb, the same as yesterday. Futures for May 2025 delivery also remained stable, trading at 327 cents/lb.

Coffee prices are stable today. (Illustration photo)

Domestic coffee prices

Domestic coffee prices today did not record any fluctuations, trading at 123,000 - 124,000 VND/kg.

Specifically, today's coffee price in Dak Lak is trading at 124,000 VND/kg, the same as yesterday's trading price.

In Lam Dong, today's coffee price is purchased at 123,000 VND/kg, unchanged from 1 day ago.

Today's coffee price in Gia Lai is trading at 124,000 VND/kg, no change compared to the previous trading session.

In Dak Nong, coffee prices today are stable, trading at 124,000 VND/kg.

According to the Import-Export Department (Ministry of Industry and Trade), in 2024, coffee is the agricultural product with the strongest price increase among Vietnam's key export products. In November 2024, the average export price is estimated at 5,818 USD/ton, the highest level ever. In the first 11 months of this year, the average coffee export price is estimated at 4,838 USD/ton, an increase of 57% over the same period in 2023.

It is estimated that Vietnam's coffee exports in November reached 45,000 tons, worth 262 million USD, down 0.9% in volume but up 0.8% in value compared to October 2024; down 62% in volume and down 26.5% in value compared to the same period in 2023.

In the first 11 months of 2024, coffee exports are estimated to reach nearly 1.2 million tons, worth 4.84 billion USD, down 15% in volume but up 33% in value compared to the same period in 2023. Although export volume decreased, prices increased sharply, so Vietnam's coffee export turnover has now surpassed the record achieved in 2023 and is heading towards a new record of 5 billion USD.

Thanh Lam

Source: https://vtcnews.vn/gia-ca-phe-hom-nay-9-12-dau-tuan-on-dinh-ar912334.html