Update coffee prices today December 17, 2024, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, Arabica coffee December 17, 2024.
World coffee prices rebound
Coffee prices today December 17, 2024 on the world market, at 4:30 am 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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| Da Lat City residents next to their organic coffee garden. Photo: Minh Hau |
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:
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| Robusta Coffee Price London 17/12/2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 17, 2024 had a strong increase of 11-21 USD/ton, fluctuating between 5057 - 5230 USD/ton. Specifically, the delivery period for January 2025 is 5230 USD/ton (up 21 USD/ton, equivalent to 0.40%); the delivery period for March 2025 is 5203 USD/ton (up 19 USD/ton, equivalent to 0.37%); the delivery period for May 2025 is 5140 USD/ton (up 14 USD/ton, equivalent to 0.27%) and the delivery period for July 2025 is 5057 USD/ton (up 11 USD/ton, equivalent to 0.22%).
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| Arabica Coffee Price New York December 17, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of December 17, 2024, also increased sharply compared to the previous trading period, increasing from 6.10 - 7.90 cents/lb, fluctuating from 310.95 - 327.40 cents/lb. Specifically, the delivery period for March 2025 is 327.40 cents/lb (up 7.90 cents/lb, equivalent to 2.47%); the delivery period for May 2025 is 324.65 cents/lb (up 7.60 cents/lb, equivalent to 2.40%); July 2025 delivery is 319.60 cents/lb (up 7.15 cents/lb, equivalent to 2.29%) and September 2025 delivery is 310.95 cents/lb (up 6.10 cents/lb, equivalent to 2.00,%).
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| Brazilian Arabica Coffee Price on December 17, 2024 |
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 17, 2024 also had a strong increase from 9.45 - 13.10 USD/ton compared to the previous trading session. Specifically, the delivery period for December 2024 was 410.00 USD/ton (up 13.10 USD/ton, equivalent to 3.30%); the delivery period for May 2025 was 405.20 USD/ton (up 10.05 USD/ton, equivalent to 2.54%) and the delivery period for July 2025 was 398.40 USD/ton (up 9.45 USD/ton, equivalent to 2.43%). In particular, the delivery period for March 2025 decreased to 413.40 USD/ton (down 1.45 USD/ton, equivalent to 0.35%).
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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| Coffee beans are dried in greenhouses by people in Da Lat City, Lam Dong Province. Photo: Xuan Thang |
Domestic coffee prices drop sharply
In complete contrast to the world coffee price market, in the domestic market, as of 4:30 a.m. today (December 17), the domestic coffee market has simultaneously decreased sharply by 1,000 VND/kg compared to yesterday, currently fluctuating between 122,500 - 124,200 VND/kg. The average coffee purchase price in the Central Highlands provinces today is 124,100 VND/kg.
Lam Dong is still the province with the lowest coffee purchase price in the Central Highlands region at 122,500 VND/kg. In the same direction, the coffee purchase price in Gia Lai and Dak Lak provinces today is still in second place, listed at 124,000 VND/kg. Meanwhile, Dak Nong still holds the leading position in the Central Highlands and other provinces and cities when it has the highest coffee purchase price in the country, at 124,200 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.
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| Domestic coffee prices updated at 4:30 a.m. today, December 17, 2024 |
Through the trading session on the first day of the new week, we can see that world coffee prices have simultaneously turned around and increased steadily on all exchanges, which shows that world coffee prices are still continuing to develop in a complicated and unpredictable manner.
World coffee prices rose despite an independent research firm reporting that Brazil's total 25/26 crop output is likely to reach around 68 million to 70 million bags.
The report expects 43 million bags of Arabica coffee to be harvested and around 26 million bags of Robusta Conilon. The forecaster notes that Brazil has had more favorable weather since last November. One can see that this latest forecast is a bit more optimistic than others.
It should also be mentioned that recently, the General Department of Vietnam Customs reported that Vietnam's coffee exports in November decreased by 47% compared to the same period last year to 63,019 tons and coffee exports from January 2024 to November 2024 decreased by 14% compared to the same period last year to 1.22 million tons.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-17122024-gia-ca-phe-trong-nuoc-dong-loat-giam-manh-364601.html
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