Update coffee prices today December 3, 2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, green coffee, Arabica coffee December 3, 2024.
Today's coffee prices, December 3, 2024 on the world market, at 4:30 am, are 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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| Robusta coffee price on London floor on December 3, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 3, 2024 was dominated by red and turned down sharply, decreasing from 552 - 575 USD/ton, fluctuating from 4,663 - 5,355 USD/ton. Specifically, the delivery period for January 2025 was 4,834 USD/ton (down 575 USD/ton); the delivery period for March 2025 was 4,806 USD/ton (down 571 USD/ton); the delivery period for May 2025 was 4,747 USD/ton (down 563 USD/ton) and the delivery period for July 2025 was 4,676 USD/ton (down 552 USD/ton).
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| Arabica coffee price on New York floor on December 3, 2024 |
Similarly, on the morning of December 3, 2024, New York Arabica coffee prices all fell sharply across delivery terms, ranging from 284.10 - 315.90 cents/lb. Specifically, the March 2025 delivery term was 296.05 cents/lb (down 22 cents/lb); the May 2025 delivery term was 294.25 cents/lb (down 21.25 cents/lb); the July 2025 delivery term was 290.40 cents/lb (down 20.45 cents/lb) and the September 2025 delivery term was 286.10 cents/lb (down 19.70 cents/lb).
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| Brazilian Arabica Coffee Price on December 3, 2024 |
At the end of the trading session on the morning of December 3, 2024, the price of Brazilian Arabica coffee fluctuated between delivery terms, ranging from 359.80 - 372.50 USD/ton. Specifically, the delivery term for December 2024 was 368.25 USD/ton (down 29.70 USD/ton); the delivery term for March 2025 was 370.05 USD/ton (up 0.30 USD/ton); the delivery term for May 2025 was 365.05 USD/ton (down 28.10 USD/ton) and the delivery term for July 2025 was 359.80 USD/ton (down 27.05 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 3, 2024 as follows: Domestic coffee prices turned to decrease sharply, the decrease was from 1,700 - 2,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 128,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at 128,000 VND/kg (down 2,000 VND/kg). The coffee purchase price in Dak Nong province is at the highest level at about 128,500 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 127,800 VND/kg (down 1,700 VND/kg).
Coffee prices today (December 3) in Dak Lak province; in Cu M'gar district, coffee is purchased at 128,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 127,900 VND/kg.
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| Domestic coffee prices on December 3, 2024 |
World coffee prices on the morning of December 3, 2024, turned down sharply, down more than 500 USD/ton. According to experts, the reason for the recent fluctuations in coffee prices and sharp declines may be waiting for the extension of the EU Council's Anti-Deforestation Regulation (EUDR). In addition, the recent increases in coffee prices may be to curb speculation.
However, coffee traders are still speculating that coffee prices may rise again due to concerns about adverse weather conditions in Brazil and Vietnam leading to reduced productivity, increased input costs and high freight rates in the final season of the year. In addition, the reluctance of coffee farmers in Brazil and Vietnam to sell in the hope of better prices is also one of the reasons pushing prices up. In addition, the unstable global geopolitical situation has led to speculation on commodity exchanges, causing coffee prices to escalate further.
Statistics show that last week, Robusta coffee prices reached an all-time high and Arabica prices reached a 47-year high. Last week, Robusta coffee futures for January 2025 delivery increased by 424 USD/ton, while Arabica coffee futures for March delivery increased by 18.45 cents/lb.
Brazil’s coffee output in 2025/26 is forecast to reach only 65.2 million bags, down 1.4% from the previous year, due to the impact of prolonged dry weather. According to forecasts, the global coffee shortage will be about 2 million bags in 2024/25.
Concerns about current arabica supply are also compounded by poor harvests in other growing countries. Colombia, the second-largest arabica producer, is still recovering from the El Niño drought, while recent heavy rains have raised concerns about crop damage in Costa Rica and Honduras.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-3122024-gia-ca-phe-trong-nuoc-quay-dau-giam-manh-362102.html
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