Update world coffee prices
The price of Robusta coffee on the London floor updated at 3:00 p.m. on December 24, 2024 had an increase with a very large gap between the terms from 1-102 USD/ton, fluctuating from 4935 - 5113 USD/ton. Specifically, the delivery term for January 2025 is 5113 USD/ton (up 102 USD/ton); the delivery term for March 2025 is 5008 USD/ton (up 6 USD/ton); the delivery term for May 2025 is 4935 USD/ton (up 1 USD/ton). In particular, the delivery term for July 2025 decreased to 4841 USD/ton (down 8 USD/ton).
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| People in Lam Dong province harvest coffee for the 2024-2025 crop year. Photo: Minh Hau |
Similarly, the price of Arabica coffee on the New York floor on the afternoon of December 24, 2024, also increased slightly, increasing from 2.25 - 2.55 cents/lb, fluctuating from 305.10 - 327.25 cents/lb. Specifically, the delivery period for March 2025 is 327.25 cents/lb (up 2.25 cents/lb); the delivery period for May 2025 is 321.85 cents/lb (up 2.55 cents/lb); the delivery period for July 2025 is 314.10 cents/lb (up 2.45 cents/lb) and the delivery period for September 2025 is 305.10 cents/lb (up 2.35 cents/lb).
At the end of the trading session, the price of Brazilian Arabica coffee was recorded as follows: the December 2024 delivery period was not traded; the March 2025 delivery period was 407.10 USD/ton (down 0.60 USD/ton); the May 2025 delivery period was 401.45 USD/ton (up 3.35 USD/ton) and the July 2025 delivery period was 391.10 USD/ton (up 3.25 USD/ton).
Domestic coffee market increased insignificantly
According to information from Giacaphe.com, updated coffee prices at 3:30 p.m. today, December 24, 2024, the average domestic coffee price is at 120,800 VND/kg, an increase of +200 VND/kg compared to yesterday.
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| Finished roasted coffee products of Lam Dong Espresso Company. Photo: Minh Hau |
The highest coffee purchase price in key regions of the Central Highlands was recorded at 121,000 VND/kg. Specifically, today's coffee price in Dak Lak is 120,700 VND/kg, an increase of +200 VND/kg compared to yesterday. Coffee price in Lam Dong is 120,200 VND/kg, an increase of +200 VND/kg. Meanwhile, coffee price in Gia Lai today is 120,700 VND/kg, an increase of +400 VND/kg and coffee price in Dak Nong today remains unchanged at 121,000 VND/kg compared to yesterday.
The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.
Coffee price prediction tomorrow 2 5/12/2024
Yesterday, the Robusta coffee market on the London exchange witnessed a remarkable increase in price. Specifically, the price of January 2025 delivery futures increased sharply to 102 USD/ton, while the price of May 2025 delivery futures only recorded a modest increase of 1 USD/ton.
This difference not only reflects the market situation but also shows the fundamental factors that are affecting the supply and demand of this type of coffee. Through analysis, it can be seen that in the short term, the amount of Robusta coffee is showing signs of shortage and scarcity. Specifically, the current supply is not enough to meet the increasing demand from the market.
This situation can be attributed to a number of factors, including adverse weather affecting coffee production, along with increased consumption from importing countries. These factors are putting pressure on prices, causing investors and traders to pay attention to this volatility.
In this context, monitoring and analyzing the Robusta coffee market is essential to make reasonable investment decisions. The sharp increase in prices in the near term may be a signal that the trend will continue in the near future. Therefore, experts predict that domestic coffee prices tomorrow, December 25, 2024, will continue to increase by about 500 - 800 VND/kg.
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