Today's coffee price on December 2, 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:
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| London Robusta Coffee Price December 2, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 2, 2024 remained unchanged compared to the previous trading session and was anchored at a fairly high price, ranging from 5,215 to 5,730 USD/ton. Specifically, the delivery period for January 2025 was 5,409 USD/ton; the delivery period for March 2025 was 5,377 USD/ton; the delivery period for May 2025 was 5,310 USD/ton and the delivery period for July 2025 was 5,228 USD/ton.
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| Arabica coffee price on New York floor on December 2, 2024 |
Similarly, on the morning of December 2, 2024, the price of Arabica coffee in New York fluctuated little compared to the previous trading session, ranging from 304.50 - 335.45 cents/lb. Specifically, the delivery period for March 2025 was 318.05 cents/lb; the delivery period for May 2025 was 315.50 cents/lb; the delivery period for July 2025 was 310.85 cents/lb and the delivery period for September 2025 was 305.80 cents/lb.
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| Brazilian Arabica Coffee Price on December 2, 2024 |
At the end of the trading session on the morning of December 2, 2024, the price of Brazilian Arabica coffee continued to remain stable across delivery terms, ranging from 386.85 - 400.00 USD/ton. Specifically, the delivery term for December 2024 was 397.95 USD/ton; the delivery term for March 2025 was 393.70 USD/ton; the delivery term for May 2025 was 393.15 USD/ton; and the delivery term for July 2025 was 386.85 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 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.
Domestic coffee prices were updated at 4:30 a.m. on December 2, 2024 as follows: Domestic coffee prices have not changed compared to the previous trading session and are at a high level. 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. However, the current purchase price in Dak Nong province is at the highest level at about 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 2) 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.
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| Domestic coffee prices on December 2, 2024 |
According to experts and traders, coffee prices will remain high in the coming time and may increase slightly. The reason is said to be due to unfavorable and erratic weather in the two largest coffee producing countries in the world, 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.
Currently, the supply of coffee in the world market is 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.
Recently, the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA) has revised its estimate of Brazil's coffee production in the 2024-2025 crop year down to 66.4 million bags, lower than the USDA's previous forecast of 69.9 million bags. Notably, Brazil's coffee inventories at the end of the 2024-2025 crop year are forecast to decrease by 26% compared to the previous crop year, to only 1.2 million bags.
Meanwhile, according to estimates from the ICAFE coffee institute, heavy rains in Costa Rica have led to a national emergency and caused damage to nearly 15% of the Central American country's annual coffee production, equivalent to about $45 million for coffee growers.
According to calculations by coffee farmers in the Central Highlands of Vietnam, the average cost 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.
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