World coffee prices in the early morning of July 15, 2024, at 4:30 am, were updated on the Vietnam Commodity Exchange MXV (the only channel in Vietnam that continuously updates and links to exchanges around the world).
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 today July 15, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com |
At the end of the trading session, the price of Robusta coffee on the London floor on July 15, 2024 at 4:30 a.m. increased to 4,079 - 4,617 USD/ton. Specifically, the delivery period for September 2024 is 4,617 USD/ton (up 41 USD/ton); the delivery period for November 2024 is 4,441 USD/ton (up 444 USD/ton); the delivery period for January 2025 is 4,250 USD/ton (up 48 USD/ton) and the delivery period for March 2025 is 4,079 USD/ton (up 35 USD/ton).
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| Coffee price today July 15, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com |
Arabica coffee prices on the New York floor on the morning of July 15, 2024 increased from 241.70 - 248.75 cents/lb. Specifically, the September 2024 delivery period is 248.75 cents/lb (up 1.59%); the December 2024 delivery period is 246.80 cents/lb (up 1.71%); the March 2025 delivery period is 244.55 cents/lb (up 1.83%) and the May 2025 delivery period is 241.70 cents/lb (up 1.92%).
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| Coffee price today July 15, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com) |
The price of Brazilian Arabica coffee increased on the morning of July 15, 2024. Specifically, the delivery period for July 2024 is 315.75 USD/ton (up 1.58%); the delivery period for September 2024 is 305.00 USD/ton (up 0.76%); the delivery period for December 2024 is 301.80 USD/ton (up 1.70%) and the delivery period for March 2025 is 299.35 USD/ton (up 1.98%).
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 floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 – 02:35 (next day), Vietnam time.
Domestic coffee prices were updated at 4:30 a.m. on July 15, 2024 as follows: According to www.giacaphe.com, domestic coffee prices are stable at around 127,900-128,600 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 128,500 VND/kg, the highest purchase price in Dak Nong province is 128,600 VND/kg.
Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 128,500 VND, in Pleiku and La Grai the same price is 128,400 VND/kg; In Kon Tum province the price is 128,500 VND/kg; In Dak Nong province the coffee is purchased at the highest price of 128,600 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 127,900 VND/kg.
Coffee prices today, July 15, in Dak Lak province; in Cu M'gar district, coffee is purchased at about 128,500 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 128,400 VND/kg.
Coffee prices will continue to rise until mid-2025 due to supply shortages, according to Bloomberg. European consumers will have to pay more for a cup of coffee because of increasingly strict regulations related to coffee imports.
Coffee prices are expected to rise further on concerns that excessive drought in Vietnam will damage coffee crops and limit global Robusta production.
According to the General Department of Customs, the amount of coffee exported in June decreased by more than 50% compared to the same period in 2023, down to 70,202 tons. This is also recorded as the third consecutive month of decline. In the first half of 2024, our country only exported 893,820 tons of coffee, down 11.4% compared to the same period last year.
The Vietnam Coffee and Cocoa Association (VICOFA) currently forecasts that Vietnam's coffee exports in the coming months of July, August, and September will gradually decrease, as supplies gradually run out. We will have to wait until October and November, when the new coffee harvest season begins, for Vietnam's coffee supply to increase again.
Meanwhile, Brazil, Colombia, Peru, Indonesia, Uganda and smaller producers in East and Central Africa are currently harvesting to supply the 2024/25 coffee crop. The main harvests from Colombia, Central America, Mexico, Vietnam, India and China are all set to begin in the fourth quarter of this year.
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Information for reference only. Prices may vary by location.
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