Update coffee prices today November 21, 2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, green coffee, Arabica coffee November 21, 2024.
Today's coffee price, November 21, 2024, on the world market, at 4:30 am, was updated on the MXV Vietnam Commodity Exchange (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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| Robusta coffee price on London floor on November 21, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 21, 2024, after many sessions of decline, suddenly increased sharply, increasing from 128 - 142 USD/ton. Specifically, the delivery period for January 2025 was 4,798 USD/ton (up 142 USD/ton); the delivery period for March 2025 was 4,742 USD/ton (up 133 USD/ton); the delivery period for May 2025 was 4,694 USD/ton (up 130 USD/ton) and the delivery period for July 2025 was 4,634 USD/ton (up 128 USD/ton).
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| Arabica coffee prices on the New York floor updated on November 21, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of November 21, 2024 turned around and increased sharply, increasing from 10.20 - 11.20 cents/lb, fluctuating from 274.65 - 294.30 cents/lb. Specifically, the delivery period for March 2025 is 292.50 cents/lb (up 11.20 cents/lb); the delivery period for May 2025 is 290.25 cents/lb (up 10.95 cents/lb); the delivery period for July 2025 is 286.30 cents/lb (up 10.50 cents/lb) and the delivery period for September 2025 is 281.90 cents/lb (up 10.20 cents/lb).
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| Brazilian Arabica coffee prices updated on November 21, 2024 |
In contrast to the London and New York exchanges, the price of Brazilian Arabica coffee on the morning of November 21, 2024 was dominated by red and decreased slightly, with a decrease of 1.10 - 4.10 USD/ton at delivery terms. Specifically, the delivery term for December 2024 was 359.45 USD/ton (down 2.20 USD/ton); the delivery term for March 2025 was 354.95 USD/ton (down 4.10 USD/ton); the delivery term for May 2025 was 345.30 USD/ton (down 1.10 USD/ton) and the delivery term for July 2025 was 340.50 USD/ton (down 1.20 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 November 21, 2024 as follows: Domestic coffee prices turned down, the decrease was about 800 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 113,500 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 113,500 VND/kg, similarly in Dak Nong province, coffee is also purchased at 113,500 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 113,000 VND/kg.
Coffee prices today (November 21) in Dak Lak province; in Cu M'gar district, coffee is purchased at 113,500 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 113,400 VND/kg.
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| Domestic coffee prices on November 21, 2024 |
On the morning of November 21, updated at 4:30 a.m., the world and domestic coffee markets were in opposite directions. World coffee prices suddenly increased sharply while domestic coffee prices decreased.
The reason is said to be because the European Parliament has made a final conclusion on the time of application of the Anti-Deforestation Regulation (EUDR) which will be delayed by 12 months according to the EC's proposal in order to give businesses more time to prepare better and for EU authorities to have specific and detailed instructions in implementation.
Currently, coffee growers in Vietnam are happy to start the new harvest season, coffee prices are always high. According to coffee exporters, the 2023-2024 crop year is considered a "successful" year for the Vietnamese coffee industry, when the export output is less than 1.5 million tons but the export turnover reaches over 5 billion USD.
However, concerns that the coffee harvest progress in the domestic market is not guaranteed will affect export activities, and even reduce output due to the inability to ensure the quality of coffee beans. Previously, due to the impact of the prolonged heat wave at the beginning of the year, analysts predicted that Vietnam's coffee output in the 2024-2025 crop could decrease by 10-15% compared to the 2023-2024 crop.
Although coffee prices are high, purchasing is difficult because growers expect prices to increase at the end of the year and do not want to sell early. Many gardeners even buy coffee to store as an investment, causing supply to decrease even though it is the peak harvest season.
According to experts, world coffee prices are affected by many complex factors, including natural and policy factors. In the near future, coffee prices may continue to fluctuate strongly and farmers, businesses and consumers need to be prepared for these changes.
Consulting firm StoneX forecasts that Brazil’s 2024-2025 coffee bean output will fall 0.4% from the current crop, mainly due to a decline in Arabica coffee due to the impact of drought. Accordingly, the country’s next Arabica coffee output could fall by up to 10.5% from the previous crop, to 40 million 60-kg bags.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-21112024-gia-ca-phe-trong-nuoc-quay-dau-giam-359953.html
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