Update coffee prices today December 24, 2024, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, Arabica coffee December 24, 2024.
World coffee prices reverse upward
Coffee prices today December 24, 2024 on the world market, at 4:00 a.m. 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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| The coffee trees are tall because they have been grown for many years, so people have to use chairs to harvest them. Photo: Hien Mai |
Coffee prices at 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 London December 24, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:00 a.m. on December 24, 2024 had a very confusing increase from 1-102 USD/ton, fluctuating from 4935 - 5113 USD/ton. Specifically, the delivery period for January 2025 is 5113 USD/ton (up 102 USD/ton); the delivery period for March 2025 is 5008 USD/ton (up 6 USD/ton); the delivery period for May 2025 is 4935 USD/ton (up 1 USD/ton). In particular, the delivery period for July 2025 decreased to 4841 USD/ton (down 8 USD/ton).
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| Arabica Coffee Price New York December 24, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of December 24, 2024, also increased slightly, increasing steadily 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).
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| Brazilian Arabica Coffee Price on December 24, 2024 |
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 24, 2024 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).
In the trading floors, it is noteworthy that on the London Robusta coffee exchange, the January 2025 delivery period suddenly increased "skyrocketing" to 102 USD/ton, while the May 2025 delivery period only increased by 1 USD/ton, and the July 2025 delivery period even decreased by 8 USD/ton. Thus, through analysis, it shows that in the short term, the amount of Robusta coffee is showing signs of shortage and scarcity, supply is not meeting demand.
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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| Finished coffee products of Thai Chau brand, of Thai Chau Lam Dong Pure Coffee Company Limited. Photo: Le Son |
Domestic coffee prices continue to decrease slightly
According to information from Giacaphe.com, updated coffee prices at 4:00 a.m. today, December 24, 2024, the average domestic coffee price is at 120,600 VND/kg, down -500 VND/kg compared to yesterday.
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 120,500 VND/kg, down -500 VND/kg compared to yesterday. Coffee price in Lam Dong is 120,000 VND/kg, down -500 VND/kg. Meanwhile, coffee price in Gia Lai today is 120,300 VND/kg, down -700 VND/kg and coffee price in Dak Nong today is 121,000 VND/kg, also down -300 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.
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.
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| Domestic coffee price list updated at 4:00 a.m. on December 24, 2024 |
A very noteworthy information, according to the Department of Industry and Trade of Dak Lak, since the beginning of 2024, the province has achieved an export turnover of nearly 1.7 billion USD, exceeding the set plan. The main agricultural products contributing to this achievement include coffee, durian, pepper and macadamia.
Coffee leads the way with an export turnover exceeding 900 million USD. In the 2023-2024 crop year, Dak Lak exported 264,404 tons of coffee, down 54,095 tons compared to the previous crop year, accounting for 17.9% of the country's coffee output. Despite the decrease in volume, coffee export turnover reached 915.8 million USD, up 168.2 million USD compared to the previous year thanks to the sharp increase in coffee prices.
Specifically, green coffee exports reached 783.9 million USD, up 24.5%, while instant coffee exports reached 131.9 million USD, accounting for 14.4% of total turnover, up 14.2 million USD compared to the previous crop year.
Dak Lak coffee, famous for its two varieties of robusta and arabica beans, is exported to major markets such as the EU, the US and Japan. The coffee industry not only creates a stable income for farmers but also contributes to the economic development of the locality and the country.
To increase export value, support policies and the application of new technologies in coffee production and processing have been implemented. This not only helps improve product quality but also meets international requirements, contributing to increasing export value.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-24122024-gia-ca-phe-trong-nuoc-tiep-tuc-giam-nhe-365801.html
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