Today's coffee price on November 29, 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 the world exchanges, the only channel in Vietnam that continuously updates and links with the 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 as follows:
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 29, 2024 continued to increase slightly compared to the previous trading session, an increase of 10 - 32 USD/ton, ranging from 2,277 - 5,613 USD/ton. Specifically, the delivery period for January 2025 is 5,565 USD/ton (up 32 USD/ton); the delivery period for March 2025 is 5,528 USD/ton (up 32 USD/ton); the delivery period for May 2025 is 5,454 USD/ton (up 20 USD/ton) and the delivery period for July 2025 is 5,370 USD/ton (up 10 USD/ton).
On November 29, the New York Arabica Coffee Exchange was closed for Thanksgiving. At the end of the previous trading session, coffee prices on the New York floor were quite high. Specifically, the March 2025 delivery period was 323.05 cents/lb; the May 2025 delivery period was 320.70 cents/lb; the July 2025 delivery period was 315.70 cents/lb and the September 2025 delivery period was 310.20 cents/lb.
At the end of the trading session on the morning of November 29, 2024, the price of Brazilian Arabica coffee increased and decreased mixedly across delivery terms, ranging from 393.25 - 403.90 USD/ton. Specifically, the delivery term for December 2024 was 399.20 USD/ton (down 4.70 USD/ton); the delivery term for March 2025 was 401.80 USD/ton (up 3.10 USD/ton); the delivery term for May 2025 was 400.05 USD/ton (up 19.05 USD/ton) and the delivery term for July 2025 was 393.25 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 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.
According to forecasts, the price of coffee tomorrow, November 30, 2024, the price of Robusta coffee on the London floor and the price of Arabica coffee in New York will continue to increase. Meanwhile, according to forecasts, the price of Arabica coffee in Brazil will show signs of slowing down. For domestic coffee prices, it is likely to exceed the 130,000 VND/kg mark, approaching the record threshold of 134,400 VND/kg.
Domestic coffee prices were updated at 4:30 a.m. on November 29, 2024 as follows: Domestic coffee prices continued to increase sharply, increasing from 4,000 - 4,100 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 128,000 VND/kg.
 |
| Coffee prices tomorrow, November 30, 2024, are forecasted to continue to increase. |
Specifically, the coffee purchase price in Gia Lai province was at 127,900 VND/kg (an increase of 4,000 VND/kg compared to the previous trading session); Meanwhile, in Dak Nong province, coffee was also purchased at the highest price of 128,200 VND/kg (an increase of 4,100 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 127,500 VND/kg.
Coffee prices today (November 29) in Dak Lak province; in Cu M'gar district, coffee is purchased at 128,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 127,900 VND/kg.
Domestic coffee prices are forecast to exceed VND130,000/kg in the next session on November 30, 2024.
According to the Department of Industry and Trade of Dak Lak province, in the 2023-2024 coffee crop, the whole province exported 264,404 tons of coffee (down 54,095 tons compared to the previous crop), accounting for 17.9% of the whole country.
Export turnover reached 915.795 million USD (an increase of 168.238 million USD compared to the previous crop year), accounting for 16.9% of the whole country.
Compared to the 2022-2023 crop year, the province's coffee exports decreased in volume but increased in value due to the continuous increase in coffee prices in the last crop year. Of which, coffee bean exports reached 783.895 million USD, an increase of 24.5%.
Instant coffee exports reached 131.9 million USD, accounting for 14.4% of the province's total coffee export turnover. Compared to the 2022-2023 coffee crop, instant coffee export turnover increased by 14.173 million USD.
Comment (0)