World coffee prices in the early morning of April 17, 2024, at 4:12 am, were 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).
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 Y5Cafe during the trading hours of the exchange, updated by www.giacaphe.com as follows:
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| Coffee price April 17, domestic coffee price April 17, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor on April 17, 2024 at 4:12 a.m. continued to increase, increasing by 25 - 31 USD/ton compared to the previous trading session, ranging from 3,782 - 4,058 USD/ton. Specifically, the delivery period for May 2024 is 4,005 USD/ton; the delivery period for July 2024 is 3,977 USD/ton; the delivery period for September 2024 is 3,896 USD/ton and the delivery period for November 2024 is 3,794 USD/ton.
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| Coffee price April 17, domestic coffee price April 17, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of April 17, 2024 continued to increase slightly, increasing from 1.55 - 5.20 cents/lb compared to the previous trading session. Specifically, the delivery period for May 2024 is 236.75 cents/lb; the delivery period for July 2024 is 228.40 cents/lb; the delivery period for September 2024 is 226.85 cents/lb and the delivery period for December 2024 is 225.50 cents/lb.
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| Coffee price April 17, domestic coffee price April 17, 2024 |
The price of Brazilian Arabica coffee on the morning of April 17, 2024 tended to increase and decrease mixedly across delivery terms. Specifically, the delivery term for May 2024 was 283.40 USD/ton; the delivery term for July 2024 was 286.65 USD/ton; the delivery term for September 2024 was 276.40 USD/ton and the delivery term for December 2024 was 272.10 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 on the ICE Futures US (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil exchange, it will be open from 19:00 - 02:35 (next day), Vietnam time.
Domestic coffee prices were updated at 4:12 a.m. on April 17, 2024 as follows: Domestic coffee prices continue to increase sharply, with an increase of about 3,200 - 3,500 VND/kg; continuously reaching price peaks and standing at historical highs. Currently, the average purchase price in the Central Highlands provinces is 114,500 VND/kg, the highest purchase price in Dak Nong province is 114,600 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is at 114,400 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 114,600 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 114,000 VND/kg.
Coffee prices today (April 17) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 114,400 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 114,500 VND/kg.
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| Coffee price April 17, domestic coffee price April 17, 2024 |
Concerns about coffee crops in Brazil and Vietnam are fueling funds' buying of coffee futures, experts say.
However, the Brazilian Real's fall to a six-and-a-half-month low against the dollar supported selling from Brazilian farmers, but only slightly cooled the heated atmosphere on both exchanges.
It can be seen that the reason why the coffee market price is still hot is because of the scarce supply, which is said to be due to the severe drought that is happening in the two main producing countries of the world. No one dares to stand on the side of selling first, the market always buys at a price to sell later and this method has brought victory in the past, further strengthening the increase in coffee prices.
The recent rise in coffee prices has brought positive momentum to the Brazilian domestic coffee market. Growers are more present at sales, taking advantage of the favorable conditions, as high prices in both New York and London, combined with the rise and fall of the Real above 5.0 against the dollar, have encouraged sellers and brought more liquidity to the market. Many growers are accelerating their sales to ensure cash flow during the harvest.
Although coffee prices are very high, many farmers are regretting that they have no more coffee to sell, while traders and purchasing businesses are having headaches because coffee prices are too high. Many processing and exporting businesses cannot stock up on coffee in time, and are forced to buy when prices are at their peak to fulfill signed contracts.
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