Today's coffee price, November 27, 2024, on the world market, at 4:30 am, was 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 have been continuously updated by Y5 Cafe throughout the trading hours of the exchange, updated as follows:
The price of Robusta coffee on the London floor at 4:30 a.m. on November 27, 2024 continued to increase and was at 65 - 95 USD/ton, fluctuating between 4,970 - 5,175 USD/ton. Specifically, the delivery period for January 2025 is 5,175 USD/ton (up 65 USD/ton); the delivery period for March 2025 is 5,114 USD/ton (up 78 USD/ton); the delivery period for May 2025 is 5,051 USD/ton (up 88 USD/ton) and the delivery period for July 2025 is 4,970 USD/ton (up 95 USD/ton).
Similar to the London floor, the price of Arabica coffee on the New York floor on the morning of November 27, 2024 also continued to increase compared to the previous trading period, increasing from 44.05 - 5.40 cents/lb, fluctuating from 295.75 - 308.85 cents/lb. Specifically, the delivery period for March 2025 is 308.85 cents/lb (up 4.05 cents/lb); the delivery period for May 2025 is 306.30 cents/lb (up 4.05 cents/lb); the monthly period for July 2025 is 301.10 cents/lb (up 4.80 cents/lb) and the monthly period for September 2025 is 295.75 cents/lb (up 5.40 cents/lb).
The price of Brazilian Arabica coffee on the morning of November 27, 2024 increased in some terms compared to November 26, an increase of 6.35 to 6.70 USD. Specifically, the delivery term for December 2024 was 392.60 USD/ton (up 6.70 USD/ton); the monthly term for March 2025 was 386.20 USD/ton (down 1.15 USD/ton); the monthly term for May 2025 was 381.00 USD/ton (up 5.35 USD/ton) and the delivery term for July 2025 was 373.95 USD/ton (up 6.35 USD/ton).
Compared to the trading session earlier this week (November 25), world coffee prices continued to increase. Of which, Robusta coffee increased more strongly, by nearly 200 USD for each delivery period (equivalent to about 4%); Arabica coffee also increased slightly by about 6 cents/lb (equivalent to more than 2%).
Global coffee supply is forecast to continue to decline due to many factors. For example, coffee production in Brazil is forecast to decrease due to adverse weather; coffee inventories continue to decrease. Coffee prices on November 28 will almost certainly continue to increase for both Robusta and Arabica coffee. However, many experts also believe that this increase will increase slightly and gradually stabilize prices.
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| Domestic coffee prices tomorrow November 28, 2024 |
Domestic coffee prices were updated at 4:30 a.m. on November 27, 2024. Domestic coffee prices continued to increase compared to the previous trading session, increasing sharply by about 1,700 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 121,700 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 121,600 VND/kg; the coffee purchase price in Dak Nong and Dak Lak provinces is at the highest price of 121,600 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 121,000 VND/kg.
Coffee prices today (November 27) in Dak Lak province; in M'gar district, coffee is purchased at 121,600 VND/kg, and in Ea H'leo district, Buon Ho market is purchased at 121,500 VND/kg.
Domestic coffee prices have been increasing continuously in recent times, partly due to the increase in world coffee prices due to concerns about supply shortages. In addition, this year, agricultural products in the Central Highlands have been selling well, with items such as durian and pepper also being purchased at high prices, so many coffee growers have the mentality of "holding back" and waiting for higher prices.
According to the Vietnam Coffee and Cocoa Association, in the first half of November 2024, Vietnam's coffee exports (mainly Robusta coffee) reached 20,933 tons, down 44.8% in volume but up 1.8% in value over the same period in 2023, reaching 121.79 million USD.
Domestic coffee prices on November 28, 2024 continue to increase and increase slightly compared to November 27, 2024. The upward trend in coffee prices may slow down in the coming time, but will still be "anchored" at a high level and coffee export output will increase when farmers push their goods at the end of the year.
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