Strong rebound, is the market peaking?

World coffee prices in the early morning of October 12, 2024, at 4:30 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:

Coffee price today October 12, 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 October 12, 2024 at 4:30 a.m. was 4,426 - 4,826 tons. Specifically, the delivery period for November 2024 was 4,826 USD/ton, down 88 USD/ton; the delivery period for January 2025 was 4,680 USD/ton, down 62 USD/ton; the delivery period for March 2025 was 4,540 USD/ton, down 58 USD/ton and the delivery period for May 2025 was 4,426 USD/ton, down 49 USD/ton.

Arabica coffee prices on the New York floor on October 12, 2024. (Photo: Screenshot of giacaphe.com)

Arabica coffee prices on the New York floor on the morning of October 12, 2024, were dominated by red, down 4.70 - 4.90 cents/lb. Specifically, the December 2024 delivery period was 252.05 cents/lb, down 2.70%; the March 2025 delivery period was 250.75 cents/lb, down 2.70%); the May 2025 delivery period was 248.90 cents/lb (down 2.70%) and the July 2025 delivery period was 246.25, down 2.90%.

Brazilian Arabica coffee price on October 12, 2024. (Photo: Screenshot of giacaphe.com)

Brazilian Arabica coffee prices were red on the morning of October 12, 2024. Specifically, the December 2024 delivery period was 304.70 USD/ton, down 0.51%; the March 2025 delivery period was 303.90 USD/ton (down 0.73%); the May 2025 delivery period was 305.10 USD/ton, down 1.15% and the July 2025 delivery period was 301.45 USD/ton, down 1.26%.

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.

Giá cà phê hôm nay 12/10/2024: Tăng mạnh trở lại, thị trường đang đạt đỉnh?

Coffee price today October 12, 2024: Strong increase again, is the market peaking?

Domestic coffee prices were updated at 4:30 a.m. on October 12, 2024 as follows: The domestic coffee market today increased slightly in some localities, an average increase of 500 VND/kg, ranging from 113,300 - 114,100. Currently, the average purchase price in the Central Highlands provinces is 114,000 VND/kg, the highest purchase price in Dak Nong province is 114,100 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 114,000 VND/kg, an increase of 500 VND/kg; in Pleiku and La Grai it is 113,900 VND/kg. In Kon Tum province, the price is 114,000 VND/kg, an increase of 500 VND/kg; In Dak Nong province, coffee is purchased at 114,100 VND/kg, an increase of 600 VND/kg compared to yesterday.

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 113,300 VND/kg, an increase of 500 VND/kg compared to yesterday.

Coffee prices today (October 12) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 114,000 VND/kg, an increase of 500 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 113,900 VND/kg.

Despite the rising price of raw coffee, experts say coffee has not yet become a luxury item. Mr. Nguyen Huu Long, Director of VCA, affirmed that coffee is still a highly profitable business with low costs.

The price of raw coffee is currently around VND120,000/kg, allowing the production of 50 to 100 cups of coffee. The production cost of each cup ranges from only VND2,000 to VND4,000, while large coffee chains such as Highlands, Phuc Long, and The Coffee House still maintain prices from VND30,000 to VND40,000/cup.

However, experts recommend that coffee shops need to adjust their prices carefully to avoid losing customers due to price sensitivity.

Coffee prices are currently volatile and heavily influenced by speculators, making it difficult to predict prices. Businesses need to be cautious when buying and selling at high prices. Coffee prices are expected to remain high, above $4,000/ton, for the next five years.

Global coffee consumption habits are gradually changing, with consumers increasingly prioritizing organic coffee for its health benefits. Manufacturers need to innovate products to adapt to this trend.

Meanwhile, commodity markets have been less volatile recently due to tensions in the Middle East, with investors awaiting financial data from the US to assess the possibility of a second rate cut.

In the first 9 months of the year, Vietnam's coffee exports reached 1.1 million tons, down 11.7% compared to the same period last year. However, due to high prices, export turnover set a new record of 4.3 billion USD, up 37.8% compared to the same period in 2023.

Thus, Vietnam has great opportunities to increase coffee export value, but also needs to make efforts to apply sustainable farming methods to ensure long-term growth momentum.