Today's coffee price on December 12, 2024 on the world market, at 4:30 am, is updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).
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| Coffee is harvested in Gia Lai province. |
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 Y5 Cafe during the trading hours of the exchange, updated as follows:
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| Robusta Coffee Price London 12/12/2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 12, 2024 had a sharp decrease after 2 sessions of increase at the beginning of the week, the decrease was from 107-132 USD/ton, fluctuating from 4964 - 5161 USD/ton. Specifically, the delivery period in January 2025 was 5161 USD/ton (down 107 USD/ton); the delivery period in March 2025 was 5101 USD/ton (down 131 USD/ton); the delivery period in May 2025 was 5042 USD/ton (down 135 USD/ton) and the delivery period in July 2025 was 4964 USD/ton (down 132 USD/ton).
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| Arabica Coffee Price New York December 12, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of December 12, 2024, also decreased sharply compared to the previous trading period, the decrease was from 12.70 - 13.95 cents/lb, fluctuating from 306/05 - 320.20 cents/lb. Specifically, the delivery period for March 2025 is 320.20 cents/lb (down 13.95 cents/lb); the delivery period for May 2025 is 317.80 cents/lb (down 13.75 cents/lb); the delivery period for July 2025 is 313.05 cents/lb (down 13.35 cents/lb) and the delivery period for September 2025 is 306.05 cents/lb (down 12.70 cents/lb).
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| Brazilian Arabica Coffee Price on December 12, 2024 |
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 12, 2024 also decreased significantly in all futures, the decrease ranged from 0.40 - 15.45 USD/ton depending on the delivery terms. Specifically, the delivery term for December 2024 was 401.00 USD/ton (down 15.45 USD/ton); the delivery term for March 2025 was 406.10 USD/ton (down 0.40 USD/ton); the delivery term for May 2025 was 396.15 USD/ton (down 18.20 USD/ton) and the delivery term for July 2025 was 389.75 USD/ton (down 12.15 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 traded 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.
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| People process coffee in Duc Trong district, Lam Dong province. |
Domestic coffee prices continued to increase for the second consecutive session this week. Specifically, domestic coffee prices were updated at 4:30 a.m. on December 12, 2024 as follows: domestic coffee prices increased by VND 8,000/kg. Currently, the average coffee purchase price in the Central Highlands provinces is VND 124,000/kg.
The coffee purchase price in Gia Lai province is 124,700 VND/kg; the coffee purchase price in Dak Nong province is 124,800 VND/kg and Dak Lak has the highest price of 124,700 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 124,000 VND/kg.
Coffee prices today (December 12) in Dak Lak province; in Cu M'gar district, coffee is purchased at 124,700 VND/kg, and in Ea H'leo district, Buon Ho town, it is also purchased at the same price of 124,600 VND/kg.
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| Domestic coffee price list on December 12, 2024 |
In Dak Lak province, in the 2023-2024 crop year, the total coffee area in the province is 212,106 hectares. Of which, the area for products is 200,441 hectares, down 400 hectares compared to the previous crop year, with an average yield of 26.72 quintals/ha. The total coffee output of Dak Lak province is 535,672 tons, down 23,057 tons compared to the previous crop year.
Mr. Nguyen Hoai Duong - Director of the Department of Agriculture and Rural Development of Dak Lak province said that coffee is the main crop of the province. Coffee prices are increasing to a record high, averaging about 100,000 VND/kg, at times reaching 135,000 VND/kg. This is the highest price ever, 82% higher than the previous crop and nearly 3 times higher than previous years.
Global markets remain concerned about coffee supplies in major producing countries. The main reason is that rainfall has been consistently below historical averages in Brazil’s main coffee growing region, which has made the outlook for the new crop negative. Somar Meteorologia reported that rainfall in Minas Gerais, Brazil’s largest Arabica coffee growing state, was 17.8 mm last week, or 31% of the historical average.
Also concerned about the weather, consulting firm Hedgepoint in its global market report forecasts Brazil’s coffee output for the 2025-2026 crop year at around 65.2 million bags. Of which, Arabica coffee output is expected to be at 42.6 million 60-kg bags, down 1.4% from the previous crop. The firm also said its output forecast could change based on future weather conditions.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-12122024-gia-ca-phe-trong-nuoc-tang-nhe-363788.html
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