World coffee prices in the early morning of June 22, 2024, at 4:20 am, were updated on the Vietnam Commodity Exchange MXV (the only channel in Vietnam that continuously updates and links to exchanges around the world).
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 by www.giacaphe.com as follows:
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| Coffee price today June 22, 2024: Robusta coffee price on London floor |
At the end of the trading session, the price of Robusta coffee on the London floor on June 22, 2024 at 4:30 a.m. increased sharply to 3,972 - 4,315 USD/ton. Specifically, the delivery period for July 2024 was 4,315 USD/ton (down 59 USD/ton); the delivery period for September 2024 was 4,119 USD/ton (down 57 USD/ton); the delivery period for November 2024 was 3,945 USD/ton (down 56 USD/ton) and the delivery period for January 2025 was 3,972 USD/ton (down 47 USD/ton).
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| Coffee price today June 22, 2024: Arabica coffee price on New York floor |
Similarly, the price of Arabica coffee on the New York floor on the morning of June 22, 2024 increased sharply, from 220.75 - 226.25 cents/lb. Specifically, the delivery period for September 2024 is 22,625 cents/lb (down 4.10%); the delivery period for December 2024 is 224.50 cents/lb (down 4.05%); the delivery period for March 2025 is 223.00 cents/lb (down 4%) and the delivery period for May 2025 is 220.75 cents/lb (down 4.25%).
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| Coffee price today June 22, 2024: Brazilian Arabica coffee price |
The price of Brazilian Arabica coffee increased slightly on the morning of June 22, 2024. Specifically, the delivery period for July 2024 is 289.15 USD/ton (up 5.25%); the delivery period for September 2024 is 281.20 USD/ton (up 0.60%); the delivery period for December 2024 is 278.95 USD/ton (up 1.70%) and the delivery period for March 2025 is 276.15 USD/ton (up 4.35%).
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 on the ICE Futures US floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 - 02:35 (next day), Vietnam time.
Domestic coffee prices were updated at 4:30 a.m. on June 22, 2024 as follows, according to www.giacaphe.com, today's domestic coffee prices are in the range of 122,000-123,200 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 123,100 VND/kg, the highest purchase price in Dak Nong province is 123,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 123,000 VND, in Pleiku and La Grai the same price is 122,900 VND/kg; In Kon Tum province, the price is 123,000 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 123,200 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 122,000 VND/kg.
Coffee prices today (June 22) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 123,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 122,900 VND/kg.
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| Coffee price June 22, Domestic coffee price June 22, 2024 |
USDA forecasts world coffee production for 2023/24 to increase by 4.2%, with arabica production up 10.7% and robusta down 3.3%. Ending stocks for 2023/24 are expected to decline by 4%, while Brazil’s arabica production will increase by 12.8% and Colombia’s by 7.5%.
Vietnam's robusta coffee output for the 2024/2025 crop year (October 2023 to May 2024) is expected to reach only 24 million bags, the lowest level in 13 years.
Drought and pests have severely affected coffee yields, putting pressure on robusta exports. Leading companies in Vietnam report that their inventories will only last until around June 2024, not until the next harvest season.
Ongoing weather problems in major coffee-producing countries Vietnam and Brazil are continuing to push coffee prices higher due to concerns about crop failures and insufficient supply.
The market had earlier rallied to a two-week high on June 20. Coffee prices were supported by continued hot and dry weather in Brazil and Vietnam, which added to concerns about global coffee production for the next crop.
Graded Arabica coffee stocks held on the New York Arabica market were reported to be unchanged as of June 19, recording these stocks at 824,416 bags.
Commodity markets lacked direction from the US on Wednesday, but intraday Robusta coffee still hit highs and the rally continued into Thursday's session yesterday.
Investors are also watching the weather in top producer Brazil, which, while typically dry at this time of year, has been hit by a drought and low temperatures in the country’s winter, raising concerns about future supplies, said Thiago Cazarini, president of Cazarini Trading Co.
Hot, dry weather in Vietnam has also raised concerns about the next harvest in the world’s largest exporter of Robusta coffee, which supplies the type used in instant coffee. Vietnam is expected to see scattered showers in the coming period, indicating that rainfall so far in June has been too little, Maxar reported.
Information for reference only. Prices may vary by location.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-2262024-gia-ca-phe-trong-nuoc-lay-lai-da-tang-327461.html
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