Today's coffee price , November 28, 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:
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 28, 2024 continued to increase sharply, with a high increase ranging from 358 - 390 USD/ton, an increase of 5,533 - 5,360 USD/ton. Specifically, the delivery period for January 2025 is 5,533 USD/ton (up 358 USD/ton); the delivery period for March 2025 is 5,469 USD/ton (up 382 USD/ton); the delivery period for May 2025 is 5,434 USD/ton (up 383 USD/ton) and the delivery period for July 2025 is 5,360 USD/ton (up 390 USD/ton).
Similar to the London floor, the price of Arabica coffee on the New York floor on the morning of November 28, 2024 also continued to increase compared to the previous trading period, increasing from 14.20 - 14.60 cents/lb, fluctuating from 310.20 - 323.05 cents/lb. Specifically, the delivery period for March 2025 is 323.05 cents/lb (up 14.20 cents/lb); the delivery period for May 2025 is 320.70 cents/lb (up 14.40 cents/lb); the monthly period for July 2025 is 315.70 cents/lb (up 14.60 cents/lb) and the monthly period for September 2025 is 310.20 cents/lb (up 14.45 cents/lb).
Meanwhile, the price of Brazilian Arabica coffee on the morning of November 28, 2024 increased in some terms compared to November 27, with an increase of 8.25 to 25.65 USD. Specifically, the December 2024 delivery term was 399.20 USD/ton (up 8.25 USD/ton); the March 2025 monthly term was 400.05 USD/ton (down 2.65 USD/ton); the May 2025 monthly term was 400.05 USD/ton (up 19.05 USD/ton) and the July 2025 delivery term was 393.25 USD/ton (up 25.65 USD/ton).
It is predicted that coffee prices tomorrow, November 29, 2024, will continue to increase on all three floors above and increase for the 5th consecutive session this week starting from Monday, November 25, 2024.
On the supply-demand side, the market continues to show concerns about coffee supply in major producing countries, notably Brazil. Brazil’s main coffee growing region has recorded below-average rainfall in the past 8 months, which is also an important period for coffee trees for the country’s 2024-2025 and 2025-2026 harvests. The low rainfall has raised concerns about the inability of coffee trees to fully recover and develop, leading to a decrease in output.
Expressing concerns about supply due to weather impacts, consulting firm Hedgepoint in its global market report predicted that Brazil's coffee output in the 2025-2026 crop year would be around 65.2 million bags. Of which, Arabica coffee output is expected to be at 42.6 million 60kg bags, down slightly by 1.4% compared to the previous crop. Consulting firm StoneX also predicted that Brazil's coffee output in the 2025-2026 crop year would decrease by 0.4% compared to the current crop, mainly due to the decline in Arabica coffee under the influence of prolonged drought during the important flowering stage. Accordingly, the South American country's Arabica coffee output in the next crop year would decrease by 10.5% compared to the previous crop, to 40 million 60kg bags.
Domestic coffee prices were updated at 4:30 a.m. on November 28, 2024. Domestic coffee prices continued to increase compared to the previous trading session, increasing sharply by about 2,300 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 124,000 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 123,900 VND/kg; the coffee purchase price in Dak Nong and Dak Lak provinces is at the highest price of 124,100 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 123,500 VND/kg.
Coffee prices today (November 28) in Dak Lak province; in M'gar district, coffee is purchased at 124,000 VND/kg, and in Ea H'leo district, Buon Ho market is purchased at 123,900 VND/kg.
It is predicted that tomorrow, November 29, 2024, domestic coffee prices will continue to increase by 1,000 - 1,200 VND/kg.
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| Coffee price tomorrow 11/29/2024 |
Currently, in Gia Lai province, there are more than 105 thousand hectares of coffee, of which more than 80 thousand hectares are commercial coffee, concentrated in key areas such as Dak Doa, Ia Grai, Chu Prong, Chu Pah, Mang Yang, Duc Co, Kbang, Chu Se and Chu Puh.
Similarly, Lam Dong province has a large coffee area of over 176 thousand hectares, with an output of about 572 thousand tons. Of which, the coffee area with 4C, UTZ, RainForest certifications... reaches 88 thousand hectares, with an output of 297 thousand tons/year.
According to records, in the past two years, coffee prices have increased sharply, making farmers in Lam Dong very excited. Notably, this is the first crop year that prices have reached 25,000 VND/kg of fresh coffee and 110,000 VND/kg of coffee beans right from the beginning of the season.
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