World coffee prices fall to record low

Update coffee prices today December 20, 2024, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, world coffee December 20, 2024.

World coffee prices fell sharply

Coffee prices today December 20, 2024 on the world market, at 4:00 a.m. 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).

Coffee garden of people in Dinh Trang Thuong commune, Di Linh district, Lam Dong province. Photo: Le Son

Coffee prices at 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:

Robusta Coffee Price London 12/20/2024

After many days of world coffee prices "tug of war" with one day decreasing, one day increasing, at the end of the trading session updated at 4:00 a.m. on December 20, 2024, Robusta coffee prices on the London floor witnessed a very deep decrease for the third consecutive session of the week, from 90-101 USD/ton, fluctuating between 4904 - 5061 USD/ton. Specifically, the delivery period for January 2025 is 5061 USD/ton (down 90 USD/ton); the delivery period for March 2025 is 5046 USD/ton (down 93 USD/ton); the delivery period for May 2025 is 4991 USD/ton (down 94 USD/ton) and the delivery period for July 2025 is 4904 USD/ton (down 101 USD/ton).

Arabica Coffee Price New York December 20, 2024

Similarly, the price of Arabica coffee on the New York floor decreased sharply compared to yesterday's trading session, decreasing from 8.90 - 9.70 cents/lb, fluctuating from 301.75 - 323.75 cents/lb. Specifically, the delivery period for March 2025 is 323.75 cents/lb (down 8.90 cents/lb); the delivery period for May 2025 is 318.30 cents/lb (down 9.10 cents/lb); the delivery period for July 2025 is 311.00 cents/lb (down 9.70 cents/lb) and the delivery period for September 2025 is 301.75 cents/lb (down 9.65 cents/lb).

Brazilian Arabica Coffee Price on December 20, 2024

At the end of the trading session, the price of Brazilian Arabica coffee at all terms also had a sharp decrease from 0.70 - 12.85 USD/ton compared to yesterday, ranging from 387.00 - 413.20 USD/ton. Specifically, the delivery period in March 2025 was 405.00 USD/ton (down 0.70 USD/ton); the delivery period in May 2025 was 396.80 USD/ton (down 12.05 USD/ton) and the delivery period in July 2025 was 387.00 USD/ton (down 12.85 USD/ton). In particular, the delivery period in December 2024 increased to 413.20 USD/ton (up 5.85 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.

People in Di Linh district dry coffee after harvest. Photo: Le Son

Domestic coffee prices slightly decreased

Under the pressure of a sharp drop in world coffee prices, domestic coffee prices also decreased for the second consecutive session this week, but the decrease was not significant. According to information from Giacaphe.com, updated coffee prices at 4:30 a.m. today, December 20, 2024, the average domestic coffee price was at 123,200 VND/kg, down -200 VND/kg compared to yesterday.

Coffee prices in key regions of the Central Highlands (Dak Lak, Lam Dong, Gia Lai, Dak Nong) were recorded to have decreased by the same amount of -200 VND/kg. Specifically, coffee prices in Dak Lak were 123,800 VND/kg; coffee prices in Lam Dong were 122,500 VND/kg; coffee prices in Gia Lai were 123,600 VND/kg and coffee prices in Dak Nong were 124,000 VND/kg.

The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.

Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for you.

Domestic coffee price list updated at 4:30 a.m. on December 20, 2024

Recently, the Ministry of Agriculture and Rural Development (MARD) in collaboration with IDH (Netherlands) held a ceremony to transfer the pilot results of the Forest and Coffee Growing Area Database System in compliance with the European Union Deforestation Reduction Regulation (EUDR).

According to the Department of International Cooperation, with the guidance of the Ministry of Agriculture and Rural Development and support from international organizations, the pilot program has achieved important goals, including the establishment of a database system in four districts. This system helps demonstrate to international partners that Vietnamese coffee is not related to deforestation, thereby improving competitiveness in the international market.

Notably, the system is not only applicable to coffee but also extended to other industries such as rubber, pepper, and durian. This is an important step forward in forest resource management and sustainable agricultural development.

The National Action Plan Framework for EUDR adaptation has been issued by the Ministry of Agriculture and Rural Development, with a clear roadmap to help value chain actors prepare for EUDR compliance and mitigate risks before the regulation comes into effect.

The traceability system from farm to district and provincial levels will be expanded, with the participation of the EUDR Adaptation Collaboration group including IDH, JDE Peet's and domestic and international coffee businesses. Key activities include building a database system, tracing product origins and supporting coffee farmers near forests.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-20122024-gia-ca-phe-the-gioi-giam-sau-ky-luc-365196.html