World coffee prices rebound
Right in the first trading session of the new week (the third week of December 2024), world coffee prices simultaneously turned around and increased steadily on all exchanges, which shows that world coffee prices are still continuing to develop complicatedly, with very large trading amplitudes.
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| Foreign volunteers and locals in Pleiku City, Gia Lai Province harvest coffee. Photo: Hien Mai |
Accordingly, at the end of the trading session, updated at 15:00 on December 17, 2024, the price of Robusta coffee on the London floor had a strong increase of 11-21 USD/ton, fluctuating between 5057 - 5230 USD/ton. Specifically, the delivery period for January 2025 is 5230 USD/ton (up 21 USD/ton); the delivery period for March 2025 is 5203 USD/ton (up 19 USD/ton); the delivery period for May 2025 is 5140 USD/ton (up 14 USD/ton) and the delivery period for July 2025 is 5057 USD/ton (up 11 USD/ton).
Similarly, the price of Arabica coffee on the New York floor on the afternoon of December 17, 2024, also increased sharply compared to the previous trading period, increasing from 6.10 - 7.90 cents/lb, fluctuating from 310.95 - 327.40 cents/lb. Specifically, the delivery period for March 2025 is 327.40 cents/lb (up 7.90 cents/lb); the delivery period for May 2025 is 324.65 cents/lb (up 7.60 cents/lb); the delivery period for July 2025 is 319.60 cents/lb (up 7.15 cents/lb) and the delivery period for September 2025 is 310.95 cents/lb (up 6.10 cents/lb).
At the end of the trading session, the price of Brazilian Arabica coffee on the afternoon of December 17, 2024 also had a strong increase from 9.45 - 13.10 USD/ton compared to the previous trading session. Specifically, the delivery period for December 2024 was 410.00 USD/ton (up 13.10 USD/ton); the delivery period for May 2025 was 405.20 USD/ton (up 10.05 USD/ton) and the delivery period for July 2025 was 398.40 USD/ton (up 9.45 USD/ton). In particular, the delivery period for March 2025 decreased to 413.40 USD/ton (down 1.45 USD/ton).
Domestic coffee prices increased slightly
In the domestic market, according to information from Giacaphe.com, updated coffee prices at 3:30 p.m. today, December 17, 2024, the average domestic coffee price was 124,900 VND/kg, an increase of +800 VND/kg compared to yesterday.
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| Ripe organic coffee is harvested by people in Gia Lai. Photo: Hien Mai |
The highest coffee purchase price in the key regions of the Central Highlands (Dak Lak, Lam Dong, Gia Lai, Dak Nong) was recorded at 124,900 VND/kg. Specifically, the coffee price in Lam Dong was 123,200 VND/kg, an increase of +700 VND compared to yesterday's transaction price.
Meanwhile, today's coffee prices in Dak Lak, Gia Lai, and Dak Nong all had the same increase of +800 VND/kg compared to yesterday (Dak Lak had a price of 124,800 VND/kg, Gia Lai had a price of 124,800 VND/kg, and Dak Nong had a price of 125,000 VND/kg).
Thus, Lam Dong province is still the province with the lowest coffee purchasing price at 123,200 VND/kg, while Dak Nong province is the locality with the highest coffee purchasing market in the Central Highlands provinces as well as the whole country.
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.
Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for you.
Coffee price forecast tomorrow 1 8/12/2024
In recent times, Vietnam’s coffee consumption market has witnessed a strong transformation, not only focusing on European countries, America and Japan, but also expanding to closer markets such as China and Southeast Asian countries. This not only creates new opportunities for the Vietnamese coffee industry but also promotes sustainable development in the field of agricultural exports.
According to statistics, to date, China has imported 190,000 tons of coffee, worth 1.026 billion USD, marking a 47% growth in output and nearly 33% in value, corresponding to an average import price of 5,400 USD/ton.
Regarding goods from Vietnam alone, China imported 166 million USD, up 66.5% over the same period in 2023, accounting for 16.21%. Vietnam is currently the third largest coffee supplier to China, after Brazil and Colombia. This shows a significant increase in demand for Vietnamese coffee in this large market.
The positive developments in the Chinese coffee market show the strong growth potential of the Vietnamese coffee industry. This is an ideal time for Vietnamese enterprises to seize opportunities and expand the market, contributing to the sustainable development of Vietnam's agricultural sector.
In addition, through the trading session on the first day of the new week, we can see that world coffee prices have simultaneously turned around and increased steadily on all exchanges, so experts believe that domestic coffee prices tomorrow, December 18, 2024, will likely continue to increase.
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