World coffee prices on December 8 ended a long series of price increases.
Today's coffee price on December 8, 2024 on the world market, at 4:30 am, was 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 were updated by Y5 Cafe, but did not increase in price, but only remained flat.
Specifically, at the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 8, 2024 was unchanged compared to the previous trading session and was at 233 - 258 USD/ton, fluctuating between 4,779 - 5,193 USD/ton. Specifically, the delivery period for January 2025 was 5,153 USD/ton (up 258 USD/ton); the delivery period for March 2025 was 5,116 USD/ton (up 243 USD/ton); the delivery period for May 2025 was 5,065 USD/ton (up 238 USD/ton) and the delivery period for July 2025 was 5,000 USD/ton (up 233 USD/ton).
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| World coffee prices are forecasted to stagnate and tend to decrease tomorrow, December 9. |
Similar to the London floor, the price of Arabica coffee on the New York floor on the morning of December 8, 2024, was also unchanged compared to yesterday's trading session and was at 13.05 - 16.75 cents/lb, fluctuating from 300.70 - 331.70 cents/lb. Specifically, the delivery period for March 2025 is 330.25 cents/lb (up 16.75 cents/lb); the delivery period for May 2025 is 327.60 cents/lb (up 16.30 cents/lb); the delivery period for July 2025 is 321.95 cents/lb (up 15.40 cents/lb) and the delivery period for September 2025 is 314.15 cents/lb (up 13.05 cents/lb).
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 8, 2024 was green compared to the previous trading session. The price increased but not much, the increase was from 20.35 - 22.15 USD/ton depending on the delivery terms. Specifically, the delivery term for December 2024 was 412.25 USD/ton (up 22.15 USD/ton); the delivery term for March 2025 was 409.00 USD/ton (down 0.30 USD/ton); the delivery term for May 2025 was 409.15 USD/ton (up 21.55 USD/ton) and the delivery term for July 2025 was 401.50 USD/ton (up 20.35 USD/ton).
Domestic coffee prices on December 8 marked a long series of increasing days.
Unlike the world coffee price which is only flat, today, December 8, the domestic coffee price today continues to increase sharply for the third day. Specifically, the domestic coffee price was updated at 4:30 a.m. on December 8, 2024 as follows: The domestic coffee price continues to increase sharply compared to the previous trading session, an increase of about 3,900 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 124,000 VND/kg.
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| Domestic coffee prices are forecasted to level off tomorrow, December 9, after three days of price increases. |
Specifically, the coffee purchase price in Gia Lai province is at 124,000 VND/kg; the coffee purchase price in Dak Nong province is 124,000 VND/kg and Dak Lak has the highest price of 124,000 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 123,000 VND/kg.
Coffee prices today (December 8) in Dak Lak province; in Cu M'gar district, coffee was purchased at 124,000 VND/kg, and in Ea H'leo district, Buon Ho town, it was also purchased at the same price of 124,000 VND/kg.
Coffee price forecast for tomorrow, December 9, will slow down after a long series of price increases
According to experts, coffee prices tomorrow, December 9, will tend to slow down after a long series of price increases. Because farmers in the Central Highlands are currently accelerating coffee harvest during this time, causing domestic coffee supply to increase. In addition, world coffee prices have also begun to slow down after 3 consecutive days of price increases, which is also the reason for the decline in domestic coffee prices.
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| It is forecasted that tomorrow, December 9, world and domestic coffee prices will stagnate and tend to decrease. Photo: Hoang Thien Nga. |
According to experts, domestic and world coffee prices will continue to fluctuate strongly until the end of 2024. The reason for the sharp increase and decrease in coffee prices in the coming time is due to the acceleration of coffee harvesting in the Central Highlands provinces; bad weather, transportation disruptions as well as the tightening legal environment in many countries will also be the reasons for fluctuations in world coffee prices.
Experts say that coffee prices tomorrow, December 9, 2024, will stagnate and tend to decrease in the next few days before increasing again.
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