Robusta coffee prices rebound from 1-month low

World coffee prices in the early morning of October 11, 2024, at 4:30 am, were 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).

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 October 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 October 11, 2024 at 4:30 a.m. was 4,475 - 4,914 tons. Specifically, the delivery period for November 2024 was 4,914 USD/ton, an increase of 49 USD/ton; the delivery period for January 2025 was 4,742 USD/ton, an increase of 41 USD/ton; the delivery period for March 2025 was 4,598 USD/ton, an increase of 50 USD/ton and the delivery period for May 2025 was 4,475 USD/ton, an increase of 53 USD/ton.

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

Arabica coffee prices on the New York floor on the morning of October 11, 2024, green dominated, increasing by 4.45 - 4.70 cents/lb. Specifically, the December 2024 delivery period was 254.75 cents/lb, up 1.88%; the March 2025 delivery period was 253.45 cents/lb, up 1.87%); the May 2025 delivery period was 251.60 cents/lb (up 1.86%) and the July 2025 delivery period was 249.15, up 1.82%.

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

The price of Brazilian Arabica coffee on the morning of October 11, 2024 increased and decreased in opposite directions. Specifically, the delivery period for December 2024 was 305.50 USD/ton, down 0.24%; the delivery period for March 2025 was 306.15 USD/ton (up 1.76%); the delivery period for May 2025 was 308.65 USD/ton, up 2.02% and the delivery period for July 2025 was 305.30 USD/ton, up 1.97%.

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 (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.

For Arabica coffee traded on the B3 Brazil exchange, it will be open from 19:00 - 02:35 (next day), Vietnam time.

Domestic coffee prices were updated at 4:30 a.m. on October 11, 2024 as follows: The domestic coffee market today increased slightly in some localities, an average increase of 100 VND/kg, ranging from 112,800 - 113,500. Currently, the average purchase price in the Central Highlands provinces is 113,200 VND/kg, the highest purchase price in Dak Nong, Gia Lai, Dak Lak provinces is 113,500 VND/kg.

Coffee price today October 11, 2024: Robusta coffee price recovers from the lowest level in 1 month

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 113,500 VND, an increase of 100 VND/kg; in Pleiku and La Grai it is 113,400 VND/kg. In Kon Tum province, the price is 113,500 VND/kg, an increase of 100 VND/kg; In Dak Nong province, coffee is purchased at 113,500 VND/kg, unchanged from yesterday, in Gia Nghia and 113,400 VND/kg in Dak R'lap.

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 112,800 VND/kg, unchanged from yesterday.

Coffee prices today (October 11) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 113,500 VND/kg, an increase of 100 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 113,400 VND/kg.

Robusta coffee prices have ended their decline and recovered from a one-month low, while Arabica coffee continued to record a slight increase.

Arabica coffee posted a second straight session of gains, but gains were capped as the Brazilian real fell to a 3-1/2-week low against the dollar, prompting Brazilian coffee producers to ramp up sales.

The price of fresh coffee at the beginning of this year's crop has reached a record high in many years. According to records in Dak Lak and Dak Nong, the price of fresh coffee is currently being purchased at around 20,000 VND/kg.

According to Phuc Sinh Coffee founder Phan Minh Thong, coffee prices are currently too dependent on speculators and are therefore extremely unpredictable. With prices as high as they are now, businesses must be extremely cautious following the principle of buying high and selling high. It is forecasted that in the next 5 years, coffee prices will remain high at over 4,000 USD/ton.

Rainfall is expected across Brazil’s coffee belt this week, which should help the flowering process, but the rains are unlikely to undo the damage done in recent months by the worst drought in 40 years.

According to Mordor Intelligence, the world's coffee consumption preferences are changing, so coffee producers need to grasp this change. Consumers are switching to organic coffee to maintain a healthy lifestyle. Therefore, product innovation to maintain a stronger position in the market is essential.

Additionally, other important factors driving the market growth are busy lifestyles, leading to coffee chains becoming more popular among customers who enjoy coffee on the go.

Forecasts for rain in Brazil have eased concerns about drought, limiting the upside in coffee prices. Coffee growing regions in Brazil are expected to see heavy rains this week and next, improving moisture and crop conditions, Maxar Technologies said Monday.

Commodities markets had a quiet session on Tuesday as geopolitical tensions in the Middle East continued to weigh on investor sentiment. Traders are now awaiting key US economic data due later in the week to gauge the likelihood of a second consecutive rate cut.

Coffee price list today 10/11/2024