Coffee prices today, December 5, 2024 on the world market, at 4:30 am, are updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 5, 2024 increased again, increasing from 144 - 161 USD/ton, fluctuating from 4,423 - 4,779 USD/ton. Specifically, the delivery period for January 2025 is 4,770 USD/ton (up 144 USD/ton); the delivery period for March 2025 is 4,751 USD/ton (up 147 USD/ton); the delivery period for May 2025 is 4,702 USD/ton (up 158 USD/ton) and the delivery period for July 2025 is 4,638 USD/ton (up 161 USD/ton).
Similarly, the price of Arabica coffee in New York on the morning of December 5, 2024 rebounded, with green dominating, increasing by 7.15 - 8.20 cents/lb. Specifically, the delivery period for March 2025 is 303.70 cents/lb; the delivery period for May 2025 is 301.75 cents/lb; the delivery period for July 2025 is 297.25 cents/lb and the delivery period for September 2025 is 292.20 cents/lb (down 19.70 cents/lb).
At the end of the trading session on the morning of December 5, 2024, the price of Brazilian Arabica coffee continued to increase and decrease mixedly across delivery terms, ranging from 358.75 - 383.75 USD/ton. Specifically, the delivery term for December 2024 was 377.50 USD/ton; the delivery term for March 2025 was 379.50 USD/ton; the delivery term for May 2025 was 374.95 USD/ton and the delivery term for July 2025 was 368.85 USD/ton.
Domestic coffee prices were updated at 4:30 a.m. on December 5, 2024 as follows: Domestic coffee prices continued to decrease, with a decrease of about 1,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is at 108,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 108,000 VND/kg (down 1,000 VND/kg compared to the previous trading session). The coffee purchase price in Dak Nong province is around 108,500 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 107,000 VND/kg.
Coffee prices today (December 5) in Dak Lak province; in Cu M'gar district, coffee is purchased at 108,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 107,900 VND/kg.
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| Coffee price tomorrow 12/6/2024 |
On December 5, domestic coffee prices increased sharply again in the context of a recovery in world coffee prices; the weakening of the USD has promoted some short-covering activities in the coffee futures market.
In addition, dry weather in Brazil has caused the market to continue to worry about coffee production in the world's largest coffee exporting country.
In Vietnam, rains are continuing in some areas of the Central Highlands, disrupting farmers’ coffee harvest. This concern has prompted investors to enter the derivatives market with strong buying power.
Adverse weather not only affects harvesting activities but also causes problems in the logistics chain, leading to the possibility that the supply of new crop coffee from Vietnam to the international market will be lower and slower than usual.
According to experts, coffee prices will continue to fluctuate in the coming time. However, concerns about reduced output in coffee-producing countries due to unfavorable weather; interest rate adjustments by the FED, and the delay in the implementation of the EU Deforestation Regulation (EUDR)… mean that in the long term, coffee prices are likely to stabilize and increase again.
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