Today's coffee price on November 30, 2024 on the world market, at 4:30 am, is updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching the world exchanges, the only channel in Vietnam that continuously updates and links with the world exchanges). 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 as follows:
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 30, 2024 turned to decrease in terms compared to the previous trading session, with a sharp decrease of 142-156 USD/ton, ranging from 5,228-5,409 USD/ton. Specifically, the delivery term for January 2025 was 5,409 USD/ton (down 156 USD/ton); the delivery term for March 2025 was 5,377 USD/ton (down 151 USD/ton); the delivery term for May 2025 was 5,310 USD/ton (down 144 USD/ton) and the delivery term for July 2025 was 5,228 USD/ton (down 142 USD/ton).
Similarly, the price of Arabica coffee on the New York exchange on November 30, 2024 also decreased, ending the previous trading session, the price of coffee on the New York exchange decreased by 4.40 - 5 cents/lb. Specifically, the delivery period for March 2025 is 318.05 cents/lb (down 5 cents/lb); the delivery period for May 2025 is 315.50 cents/lb (down 5.20 cents/lb); the delivery period for July 2025 is 310.85 cents/lb (down 4.85 cents/lb) and the delivery period for September 2025 is 305.80 cents/lb (down 4.40 cents/lb).
 |
| Coffee price tomorrow 12/1/2024 |
At the end of the trading session on the morning of November 30, 2024, the price of Brazilian Arabica coffee increased and decreased mixedly across delivery terms, ranging from 386.85 - 389.05 USD/ton. Specifically, the delivery term for December 2024 was 389.05 USD/ton (down 14.85 USD/ton); the delivery term for March 2025 was 393.70 USD/ton (up 1.20 USD/ton); the delivery term for May 2025 was 393.15 USD/ton (down 6.90 USD/ton) and the delivery term for July 2025 was 386.85 USD/ton (down 6.40 USD/ton).
According to forecasts, world coffee prices tomorrow, December 1, 2024, will continue to decrease on all exchanges. The reason is that experts believe that the market has reversed due to the weakening of the Brazilian Real and its fall to a record low against the USD. The weaker Real has encouraged Brazilian coffee producers to increase exports, leading to a sell-off in coffee futures contracts.
The 2024-25 coffee crop, of which about 85% is robusta and the rest arabica, is conservatively forecast to average 10 million bags.
Certified washed arabica coffee inventories on the New York Mercantile Exchange continued to rise to their highest level since June 2022, reaching 903,548 bags as of November 28. This marked an increase of 207.8% (610,002 bags) compared to the 293,546 bags recorded at the same time last year.
Domestic coffee prices were updated at 4:30 a.m. on November 30, 2024 as follows: Domestic coffee prices continued to increase sharply, increasing by more than 3,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 131,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai province was at 131,000 VND/kg (an increase of 3,100 VND/kg compared to the previous trading session); Meanwhile, in Dak Nong province, coffee was also purchased at the highest price of 131,500 VND/kg (an increase of 3,300 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 130,700 VND/kg.
Coffee prices today (November 20) in Dak Lak province; in Cu M'gar district, coffee is purchased at 131,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 129,900 VND/kg.
According to forecasts, domestic coffee prices on December 1, 2024 will reverse and decrease after many consecutive increases, the expected decrease will be from 900 to 1,000 VND/kg.
If last year's coffee market prices were easily seen to be led by Robusta when the countries producing this commodity suffered crop failures due to drought and weather problems under the influence of the El Nino phenomenon, then this year, at the beginning of the Vietnamese crop season, we can witness the leadership of Arabica coffee, when this type of coffee reached its highest level in the past 47 years.
The problem is still being blamed on adverse weather in Brazil and Vietnam, the world’s two largest coffee growers, whose effects are now starting to be felt, threatening global coffee production. According to Sucden Financial, the price increase has also forced some Brazilian coffee exporters to remove their hedges and buy futures to cover their short positions, further pushing coffee prices higher.
Comment (0)