World coffee prices in the early morning of March 17, 2024, at 4:24 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 March 17, Domestic coffee price March 17, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:24 a.m. on March 17, 2024 was stable, with little fluctuation compared to the previous trading session, ranging from 3,038 - 3,318 USD/ton. Specifically, the delivery period for May 2024 is 3,308 USD/ton; the delivery period for July 2024 is 3,211 USD/ton; the delivery period for September 2024 is 3,139 USD/ton and the delivery period for November 2024 is 3,062 USD/ton.
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| Coffee price March 17, Domestic coffee price March 17, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of March 17, 2024 tended to be stable, fluctuating from 180.20 - 185.10 cents/lb. Specifically, the delivery period for May 2024 is 182.95 cents/lb; the delivery period for July 2024 is 181.65 cents/lb; the delivery period for September 2024 is 181.35 cents/lb and the delivery period for December 2024 is 181.05 cents/lb.
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| Coffee price March 17, Domestic coffee price March 17, 2024 |
The price of Brazilian Arabica coffee on the morning of March 17, 2024 remained stable and remained quite high at all delivery terms. Specifically, the delivery term for March 2024 was 219.05 USD/ton; the delivery term for May 2024 was 223.70 USD/ton; the delivery term for July 2024 was 224.85 USD/ton and the delivery term for September 2024 was 220.50 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 4:24 a.m. on March 17, 2024 as follows: Domestic coffee prices continue to increase sharply, the increase is about 1,300 - 1,400 VND/kg and is at a high level, exceeding 93,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 93,100 VND/kg, the highest purchase price in Dak Nong province is 93,200 VND/kg.
Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is quite high at 93,000 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 93,200 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 92,400 VND/kg.
Coffee prices today (March 17) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 92,900 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 93,000 VND/kg.
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| Coffee price March 17, Domestic coffee price March 17, 2024 |
According to experts, the sharp increase in DXY in the currency basket has pulled up most commodity prices... Arabica coffee prices on the New York floor have made a technical adjustment to decrease slightly, while Robusta coffee prices on the London floor returned to an upward trend at the end of the week due to concerns about global supply shortages still weighing on the consumer market, despite Brazil about to enter the new crop harvest this year.
Brazil has sold an estimated 55.3 million bags of coffee so far, compared to 85.53 million bags from last year’s harvest, slightly below the five-year average, according to consultancy and analyst Safras & Mercados. The new harvest is also about to begin, which will increase sales. At the same time, the forecast of La Nina in the early second half of this year will make this winter dangerous, slowing sales for producer cooperatives, which will put pressure on prices as the new harvest begins with an estimated increase in this year’s crop.
The Vietnam Coffee and Cocoa Association (Vicofa) forecasts that coffee output in the 2023/2024 crop year will decrease by 10% compared to the previous crop year, down to 1.6 million tons, the lowest level in the last four crop years.
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