The market receives positive signals for production recovery.

Update coffee prices today October 24, 2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Kon Tum coffee, green coffee, Arabica coffee October 24, 2024.

Domestic coffee prices were updated at 4:30 a.m. on October 24, 2024 as follows, according to www.giacaphe.com, domestic coffee prices today dropped sharply by 1,600 - 1,900 VND/kg, ranging from 109,400 - 109,700 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 109,400 VND/kg, the highest purchase price in Dak Nong province is 109,700 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 109,600 VND, down 1,800 VND/kg compared to yesterday, in Pleiku and La Grai the price is 109,500 VND/kg; In Kon Tum province, the price is 109,600 VND/kg, down 1,800 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at the highest price of 109,700 VND/kg, down 1,900 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 109,400 VND/kg, down 1,600 VND/kg compared to yesterday.

Coffee prices today (October 24) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 109,600 VND/kg, down 1,800 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 109,700 VND/kg.

World coffee prices in the early morning of October 24, 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:

Coffee price today October 24, 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 24, 2024 at 4:30 a.m. increased and decreased in opposite directions at 4,283 - 4,482 USD/ton. Specifically, the delivery period for November 2024 was 4,482 USD/ton (down 5 USD/ton); the delivery period for January 2025 was 4,443 USD/ton (up 18 USD/ton); the delivery period for March 2025 was 4,357 USD/ton (up 22 USD/ton) and the delivery period for May 2025 was 4,283 USD/ton (up 20 USD/ton).

Arabica coffee prices on the New York floor on October 24, 2024. (Photo: Screenshot of giacaphe.com)

In contrast, the price of Arabica coffee on the New York floor on the morning of October 24, 2024 increased, from 246.80 - 252.35 cents/lb. Specifically, the delivery period for December 2024 is 252.35 cents/lb (up 1.00%); the delivery period for March 2025 is 251.05 cents/lb (up 0.92%); the delivery period for May 2025 is 249.55 cents/lb (up 0.95%) and the delivery period for July 2025 is 246.80 cents/lb (up 0.98%).

Brazilian Arabica coffee price on October 24, 2024. (Photo: Screenshot of giacaphe.com)

Brazilian Arabica coffee prices on the morning of October 24, 2024 increased, decreased, increased, decreased in opposite directions. Specifically, the delivery period for December 2024 was 303.50 USD/ton (down 0.25%); the delivery period for March 2025 was 304.00 USD/ton (down 0.20%); the delivery period for May 2025 was 305.90 USD/ton (up 1.02%) and the delivery period for July 2025 was 302.15 USD/ton (up 1.05%).

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.

Coffee price today October 24, 2024: The market receives positive signals for production recovery

Domestic coffee prices are gradually decreasing, approaching the 100,000 VND/kg mark, causing many farmers to worry as the peak harvest season approaches.

The market, in addition to being under pressure from the new crop supply in Vietnam, is also affected by the continued high USD and favorable rains in Brazil, signaling good news for the new harvest, contributing to "cooling down" the market. The USD rose to a new high in more than 2 months in the last trading session, due to expectations that the US Federal Reserve (Fed) will adjust the interest rate cut roadmap, while investors are waiting for the important event, the US presidential election.

Coffee farmers said the re-blooming of coffee flowers after the rains has signaled a positive sign for the recovery of production after a long drought. However, the recovery and supply outlook for the 2025/26 crop still need to be monitored due to the late arrival of rains.

Son La coffee enters the 2024 harvest season. Currently, Son La province has over 21,000 hectares of coffee with an estimated output of 35,000 - 45,000 tons of coffee beans/year, worth 4,500 - 5,000 billion VND. Due to the impact of the El Nino weather phenomenon, Son La's coffee output this year has decreased, but the price is good. The demand in the world market, especially in the EU, US, and Japan for high-quality Arabica coffee and specialty coffee is very high, always in a state of supply not meeting demand.

Dealers said overseas demand for Vietnamese coffee is declining as many countries have secured supplies from other sources, especially as the EU deforestation regulation is set to come into effect in late 2024, a delay from the original plan. The potential delay of the EU regulation has reduced the urgency for buyers to enter into new deals, further dampening the market.