World coffee prices have increased slightly
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).
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 10, 2024 had a slight increase compared to the previous trading session and was at 40 - 93 USD/ton, fluctuating between 5,040 - 5,246 USD/ton. Specifically, the delivery period for January 2025 is 5,246 USD/ton (up 93 USD/ton); the delivery period for March 2025 is 5,200 USD/ton (up 84 USD/ton); the delivery period for May 2025 is 5,140 USD/ton (up 75 USD/ton) and the delivery period for July 2025 is 5,040 USD/ton (up 40 USD/ton).
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| World coffee prices on December 11, 2024 are forecasted to have a slight downward trend. |
Arabica coffee prices on the New York floor on the morning of December 10, 2024, fluctuated depending on the term, the increase and decrease ranged from 0.05 - 0.20 cents/lb, ranging from 314.35 - 330.10 cents/lb. Specifically, the delivery term for March 2025 was 330.10 cents/lb (down 0.15 cents/lb); the delivery term for May 2025 was 327.65 cents/lb (up 0.05 cents/lb); the delivery term for July 2025 was 322.25 cents/lb (up 0.30 cents/lb) and the delivery term for September 2025 was 314.35 cents/lb (up 0.20 cents/lb).
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 10, 2024 also fluctuated depending on the delivery period, with an increase or decrease of 0.05 - 1.10 USD/ton depending on the delivery period. Specifically, the delivery period for December 2024 was 412.00 USD/ton (up 0.25 USD/ton); the delivery period for March 2025 was 412.50 USD/ton (up 1.10 USD/ton); the delivery period for May 2025 was 409.20 USD/ton (up 0.05 USD/ton) and the delivery period for July 2025 was 401.90 USD/ton (up 0.40 USD/ton).
Domestic coffee prices slightly decrease
Meanwhile, domestic coffee prices reversed direction in today's session. Specifically, domestic coffee prices were updated at 4:30 a.m. on December 10, 2024 as follows: domestic coffee prices reversed and decreased by VND 2,000/kg. Currently, the average coffee purchase price in the Central Highlands provinces is VND 122,000/kg.
The purchase price of coffee in Gia Lai province is 122,000 VND/kg; the purchase price of coffee in Dak Nong province is 122,000 VND/kg and Dak Lak has the highest price of 122,000 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 121,000 VND/kg.
Coffee prices today (December 10) in Dak Lak province; in Cu M'gar district, coffee is purchased at 122,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is also purchased at the same price of 121,900 VND/kg.
Coffee price forecast tomorrow 11/12/2024
According to the forecast, the world coffee price tomorrow, December 11, 2024, the price of Robusta coffee on the London floor will have a slight decrease compared to December 10. At the same time, the price of Arabica coffee on the New York floor will also have a slight decrease.
Meanwhile, domestic coffee prices are forecast to increase again on December 11, 2024, with an increase ranging from VND 1,500 to VND 2,000/kg.
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| Domestic coffee prices are forecasted to increase again tomorrow, December 11, 2024, after a decline at the beginning of the week. |
In addition, experts also commented that the global coffee market trend is still low supply compared to the increasing consumer demand. Moreover, the current harvest in many places has not yet reached its peak, reaching only about 30% and farmers are not under economic pressure, so the recent price drop did not cause a sell-off. Therefore, when the world market recovered, domestic prices increased sharply again.
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.
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