Update coffee prices today December 11, 2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, green coffee, Arabica coffee December 11, 2024.
Coffee prices today, December 10, 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 world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).
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| People harvest coffee in Lien Hiep Commune, Duc Trong District, Lam Dong Province |
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 Y5 Cafe during the trading hours of the exchange, updated as follows:
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| Robusta Coffee Price London 11/12/2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 11, 2024 continued to increase for the second session after a slight decrease at the beginning of the week, increasing from 22-56 USD/ton, fluctuating from 5,096 - 5,268 USD/ton. Specifically, the delivery period for January 2025 is 5,268 USD/ton (up 22 USD/ton); the delivery period for March 2025 is 5,232 USD/ton (up 32 USD/ton); the delivery period for May 2025 is 5,177 USD/ton (up 37 USD/ton) and the delivery period for July 2025 is 5,096 USD/ton (up 56 USD/ton).
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| Arabica Coffee Price New York December 11, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of December 11, 2024, increased compared to the previous trading period, an increase of 4.05 - 4.40 cents/lb, fluctuating from 318.75 - 334.15 cents/lb. Specifically, the delivery period for March 2025 is 334.15 cents/lb (up 4.05 cents/lb); the delivery period for May 2025 is 331.55 cents/lb (up 3.90 cents/lb); the delivery period for July 2025 is 326.40 cents/lb (up 4.15 cents/lb) and the delivery period for September 2025 is 318.75 cents/lb (up 4.40 cents/lb).
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| Brazilian Arabica Coffee Price on December 11, 2024 |
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 11, 2024 also increased significantly in all futures, increasing from 5.50 - 14 USD/ton depending on the delivery terms. Specifically, the delivery term for December 2024 is 426.00 USD/ton (up 14 USD/ton); the delivery term for March 2025 is 419.50 USD/ton (up 1.70 USD/ton); the delivery term for May 2025 is 415.00 USD/ton (up 5.80 USD/ton) and the delivery term for July 2025 is 407.40 USD/ton (up 5.50 USD/ton).
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 traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day), Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 - 02:35 (next day) Vietnam time.
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| International tourists experience coffee picking at Moon's Coffee Farm, Pleiku City, Gia Lai Province |
Domestic coffee prices continued to increase again in the third session of the week. Specifically, domestic coffee prices were updated at 4:30 a.m. on December 11, 2024 as follows: domestic coffee prices increased by VND 2,000/kg. Currently, the average coffee purchase price in the Central Highlands provinces is VND 124,000/kg.
The purchase price of coffee in Gia Lai province is 124,000 VND/kg; the purchase price of coffee in Dak Nong province is 124,000 VND/kg and Dak Lak has the highest price of 124,000 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 (December 11) in Dak Lak province; in Cu M'gar district, coffee is purchased at 124,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is also purchased at the same price of 123,900 VND/kg.
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| Domestic coffee price list on December 11, 2024 |
According to Reuters, despite the peak harvest season, domestic coffee prices in Vietnam are still rising due to high demand and limited supply. In the two months since the new harvest began, farmers in the Central Highlands have only harvested about 20% of the coffee output.
According to the Vietnam Coffee and Cocoa Association, Vietnam exports coffee to more than 80 countries; of which 10 markets have a turnover of more than 100 million USD. The European Union (EU) continues to be Vietnam's largest coffee export market in the 2023-2024 crop year, with a value of 2 billion USD, up 41% over the previous crop year, accounting for 38% in volume and 37% in turnover in Vietnam's coffee exports.
Regarding coffee prices, according to the Vietnam Coffee - Cocoa Association, in early December 2024, coffee prices increased on two world trading floors.
Analyzing the current world and domestic coffee prices, experts say that the sharp increase in coffee prices is due to increasingly limited supply and increasing demand. Some major coffee exporting countries in the world, such as Vietnam, Brazil, etc., are affected by drought.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-11122024-gia-ca-phe-tang-2000-dongkg-363603.html
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