Domestic coffee prices were updated at 4:30 a.m. on August 9, 2024 as follows, according to www.giacaphe.com, domestic coffee prices continued to increase by 1,800 - 2,000 VND compared to yesterday, ranging from 122,100 - 122,800 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 122,700 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 122,800 VND/kg.
 |
| Coffee prices today August 9, 2024: Domestic prices continue to increase strongly, will a new price increase begin? |
Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 122,600 VND, in Pleiku and La Grai the same price is 122,500 VND/kg; in Kon Tum province, coffee is purchased at 122,600 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 122,800 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 122,100 VND/kg.
Coffee prices today, August 9, in Dak Lak province increased by 1,800 VND compared to last week; in Cu M'gar district, coffee was purchased at about 122,800 VND/kg, and in Ea H'leo district, Buon Ho town, it was purchased at the same price of 122,700 VND/kg.
Coffee price list today 8/9/2024
 |
World coffee prices at 4:30 a.m. on August 9, 2024 were updated on the MXV Vietnam Commodity Exchange trading floor.
Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are updated by www.giacaphe.com as follows:
 |
| Coffee price today August 9, 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 August 9, 2024 at 4:30 a.m. decreased to 3,979 - 4,436 USD/ton. Specifically, the delivery period for September 2024 is 4,436 USD/ton (down 45 USD/ton); the delivery period for November 2024 is 4,253 USD/ton, down 33 USD/ton); the delivery period for January 2025 is 4,114 USD/ton (down 17 USD/ton) and the delivery period for March 2025 is 3,979 USD/ton (down 7 USD/ton).
 |
| Coffee price today August 9, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com |
Arabica coffee prices on the New York floor on the morning of August 9, 2024 decreased from 232.40 - 245.30 ent/lb. Specifically, the September 2024 delivery period is 245.30 cents/lb (down 0.41%); the December 2024 delivery period is 239.35 cents/lb (down 1.10%); the March 2025 delivery period is 235.30 cents/lb (down 1.42%) and the May 2025 delivery period is 232.40 cents/lb, down 1.53%.
 |
| Coffee price today August 9, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com) |
The price of Brazilian Arabica coffee on the morning of August 9, 2024 increased and decreased in different directions. Specifically, the delivery period for September 2024 was 301.70 USD/ton, up 0.48%; the delivery period for December 2024 was 295.00 USD/ton (up 0.34%); the delivery period for March 2025 was 288.20 USD/ton, down 1.54% and the delivery period for May 2025 was 283.25 USD/ton (down 1.65%).
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.
The Import-Export Department (Ministry of Industry and Trade) said that coffee exports will decrease in the third quarter due to supply constraints. Coffee supply is expected to increase again from October, right at the beginning of the 2024-2025 coffee harvest.
In the first 7 months of 2024, Vietnam exported 964 thousand tons of coffee, with a value of nearly 3.54 billion USD, down 13.8% in volume but up 30.9% in value over the same period last year.
Vietnam's coffee output in the 2023/2024 crop year is estimated at only 1.47 million tons, down 20% compared to the previous crop year and the lowest level in the past four years, according to data from the Ministry of Agriculture and Rural Development.
Due to unfavorable weather conditions, coffee production for the 2024/2025 crop year may also continue to decline. As of September, Vietnam may have only about 200,000 tons of coffee left for export, excluding the inventory from the previous year.
Despite the decline in output, Vietnamese coffee prices are expected to rise due to concerns about a shortage of supply in the global market, according to Bloomberg. Robusta coffee prices are forecast to continue rising until mid-2025 due to a shortage of supply from major growing regions.
The International Coffee Organization (ICO) warns that by 2040, the world could face a shortage of up to 35 million bags of Robusta coffee.
Information for reference only. Prices may vary depending on time and location.
Comment (0)