Today's coffee prices, December 6, 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 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 December 6, 2024 continued to increase, increasing from 122 - 129 USD/ton, fluctuating from 4,651 - 4,907 USD/ton. Specifically, the delivery period for January 2025 is 4,895 USD/ton (up 125 USD/ton); the delivery period for March 2025 is 4,873 USD/ton (up 122 USD/ton); the delivery period for May 2025 is 4,827 USD/ton (down 125 USD/ton) and the delivery period for July 2025 is 4,767 USD/ton (up 129 USD/ton).
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| Coffee prices tomorrow, December 7, 2024, are expected to continue to increase. |
Similar to the London floor, the price of Arabica coffee on the New York floor on the morning of December 6, 2024 also increased, increasing from 8.90 - 9.80 cents/lb, fluctuating from 291.95 - 315.65 cents/lb. Specifically, the delivery period for March 2025 is 313.50 cents/lb (up 9.80 cents/lb); the delivery period for May 2025 is 311.30 cents/lb (up 9.55 cents/lb); the delivery period for July 2025 is 306.55 cents/lb (up 9.30 cents/lb) and the delivery period for September 2025 is 301.10 cents/lb (up 8.90 cents/lb).
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 6, 2024 was dominated by green, with prices increasing sharply, from 4.20 - 12.95 USD/ton depending on the delivery terms. Specifically, the delivery term for December 2024 was 390.10 USD/ton (up 12.95 USD/ton); the delivery term for March 2025 was 398.00 USD/ton (up 4.20 USD/ton); the delivery term for May 2025 was 387.60 USD/ton (up 12.65 USD/ton) and the delivery term for July 2025 was 381.15 USD/ton (up 12.30 USD/ton).
Domestic coffee prices were updated at 4:30 a.m. on December 6, 2024 as follows: Domestic coffee prices rebounded compared to the previous trading session, an increase of about 6,300 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 114,500 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 114,300 VND/kg; the coffee purchase price in Dak Nong province is 114,700 VND/kg and Dak Lak has the highest price at 114,500 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 114,500 VND/kg.
Coffee prices today (December 6) in Dak Lak province; in Cu M'gar district, coffee was purchased at 114,500 VND/kg, and in Ea H'leo district, Buon Ho town, it was purchased at 114,300 VND/kg.
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| According to experts, domestic and world coffee prices will continue to increase sharply. Photo: Hoang Thien Nga. |
According to experts, there are many reasons for the increase in coffee prices. Coffee is a long-term storage product, so farmers should not worry too much about consumption, especially when coffee prices are fluctuating as they are now. Many farmers want to "hold on to their goods" for a longer period of time to take advantage of the increase in coffee prices.
In addition, experts also believe that the lack of abundant coffee supply will also cause coffee speculators to "hold onto goods" and wait for prices to rise in order to make a profit.
According to statistics from the Vietnam Coffee and Cocoa Association, last November, export activities in Vietnam decreased somewhat. The reason for this is that the harvest came late, farmers were not in a hurry to bring to the market, so the limited supply is also the reason for the high price of coffee.
Accordingly, in November, businesses exported 50,605 tons of coffee beans, earning 250.4 million USD with an average unit price of 4,947 USD/ton. Compared to the same period last year, coffee export output decreased by 47.4% in volume and 0.5% in value.
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