Today's coffee price on December 1, 2024 on the world market, at 4:30 am, is 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 1, 2024 continued to decrease for the second session of the week, with a sharp decrease of 142-156 USD/ton, ranging from 5,228-5,409 USD/ton. Specifically, the delivery period for January 2025 is 5,409 USD/ton (down 156 USD/ton); the delivery period for March 2025 is 5,377 USD/ton (down 151 USD/ton); the delivery period for May 2025 is 5,310 USD/ton (down 144 USD/ton) and the delivery period for July 2025 is 5,228 USD/ton (down 142 USD/ton).
Similarly, the price of Arabica coffee on the New York exchange on November 30, 2024 also decreased, ending the previous trading session, the price of coffee on the New York exchange decreased by 4.40 - 5 cents/lb. Specifically, the delivery period for March 2025 was 318.05 cents/lb (down 5 cents/lb); the delivery period for May 2025 was 315.50 cents/lb (down 5.20 cents/lb); the delivery period for July 2025 was 310.85 cents/lb (down 4.85 cents/lb) and the delivery period for September 2025 was 305.80 cents/lb (down 4.40 cents/lb).
At the end of the trading session on the morning of December 1, 2024, the price of Brazilian Arabica coffee increased and decreased mixedly across delivery terms, ranging from 386.85 - 389.05 USD/ton. Specifically, the delivery term for December 2024 was 389.05 USD/ton (down 14.85 USD/ton); the delivery term for March 2025 was 393.70 USD/ton (up 1.20 USD/ton); the delivery term for May 2025 was 393.15 USD/ton (down 6.90 USD/ton) and the delivery term for July 2025 was 386.85 USD/ton (down 6.40 USD/ton).
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| Coffee price forecast for tomorrow, December 2, 2024, will increase slightly |
Domestic coffee prices were updated at 4:30 a.m. on December 1, 2024 as follows: Domestic coffee prices turned down, a slight decrease of 1,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 130,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 130,000 VND/kg (down 1,000 VND/kg compared to the previous trading session); Similarly, in Dak Nong province, coffee also decreased by 1,000 VND/kg to 130,500 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 129,500 VND/kg.
Coffee prices today (December 1) in Dak Lak province; in Cu M'gar district, coffee is purchased at 130,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 129,900 VND/kg.
According to forecasts, coffee prices tomorrow, December 2, 2024, will increase slightly again. The reason is said to be due to unfavorable and erratic weather in the world's two largest coffee producing countries, Brazil and Vietnam, heavy rains in South American countries... In the Vietnamese market, although it is the peak harvest season, coffee prices are still high, but many farmers only sell a small amount to cover the costs of care, harvesting, irrigation, fertilization... while the majority keep it because they expect prices to increase.
Experts say that the world coffee supply is currently in short supply and the amount of coffee in stock on international exchanges is not much. Typically, recently, the price of Arabica coffee on the New York floor has increased continuously. Because this market is concerned about the shortage of supply from Brazil, due to the prolonged drought in many growing areas.
According to calculations by coffee farmers in the Central Highlands of Vietnam, the average price of producing each kilogram of coffee is about 30,000 - 40,000 VND. However, the current selling price has increased to over 130,000 VND/kg. Thus, farmers earn 2 - 3 times the investment cost. Therefore, the current demand for land to expand coffee acreage helps the market for farmland to continuously increase in price.
Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-2122024-gia-ca-phe-tang-nhe-361861.html
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