World coffee "plummets"

Update coffee prices today December 28, 2024, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, Arabica coffee December 28, 2024.

World coffee prices "plummet"

Coffee prices today December 28, 2024 on the world market, at 4:30 am 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).

Coffee garden laden with fruit in Dinh Trang Thuong commune, Di Linh district, Lam Dong province. Photo: Le Son

Coffee prices at 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:

Robusta Coffee Price London December 28, 2024

At the end of the updated trading session at 4:30 a.m. on December 28, 2024, Robusta coffee prices on the London floor had a very deep price drop, from 28 - 88 USD/ton, fluctuating between 4726 - 4953 USD/ton. Specifically, the delivery period for March 2025 is 4953 USD/ton (down 88 USD/ton); the delivery period for May 2025 is 4884 USD/ton (down 69 USD/ton); the delivery period for July 2025 is 4814 USD/ton (down 44 USD/ton) and the delivery period for September 2025 is 4726 USD/ton (down 28 USD/ton).

Arabica Coffee Price New York December 28, 2024

Similarly, the price of Arabica coffee on the New York floor continued to decrease slightly for the second consecutive session, decreasing by 1.50 - 2.30 cents/lb, fluctuating from 303.70 - 322.65 cents/lb. Specifically, the delivery period for March 2025 is 322.65 cents/lb (down 2 cents/lb); the delivery period for May 2025 is 317.60 cents/lb (down 2.10 cents/lb); the delivery period for July 2025 is 311.05 cents/lb (down 2.30 cents/lb) and the delivery period for September 2025 is 303.70 cents/lb (down 1.50 cents/lb).

Brazilian Arabica Coffee Price on December 28, 2024

At the end of the trading session, the price of Brazilian Arabica coffee also decreased slightly from 0.55 - 3.05 USD/ton compared to yesterday, this is also the second consecutive price decrease on this floor, ranging from 374.30 - 402.55 USD/ton. Specifically, the delivery period in March 2025 is 402.55 USD/ton (down 1.90 USD/ton); the delivery period in May 2025 is 395.80 USD/ton (down 2.80 USD/ton); the delivery period in July 2025 is 387.05 USD/ton (down 3.05 USD/ton) and the delivery period in September 2025 is 374.30 USD/ton (down 0.55 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 traded 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.

Thai Chau pure coffee of Thai Chau Dalat Pure Coffee Company Limited. Photo: Nguyen Phuong

Domestic coffee prices continue to increase by 600 VND/kg

According to information from Giacaphe.com, updated coffee prices at 4:30 a.m. today, December 28, 2024, domestic coffee prices remained at 122,100 VND/kg, an increase of +600 VND/kg compared to yesterday.

The highest coffee purchase price in key regions of the Central Highlands was recorded at 122,300 VND/kg. Specifically, today's coffee price in Dak Lak is 122,000 VND/kg, an increase of +500 VND/kg compared to yesterday; coffee price in Lam Dong is 121,500 VND/kg, an increase of +500 VND/kg. Meanwhile, coffee price in Gia Lai today is 122,000 VND/kg, an increase of +600 VND/kg and coffee price in Dak Nong today is 122,300 VND/kg, also an increase of +600 VND/kg compared to yesterday.

The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.

Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for you.

Domestic coffee price list updated at 4:00 a.m. on December 28, 2024

According to information from the Import-Export Department (Ministry of Industry and Trade), in the first 10 months of 2024, the US imported nearly 1.24 million tons of coffee from 103 countries and territories, with a total value of 7.35 billion USD. Compared to the same period last year, the volume of imported coffee increased by 3.5%, while the value increased by 3.3%.

The main coffee suppliers to the US market include: Brazil, Colombia, Peru, Canada, Nicaragua, Indonesia and Vietnam. Of which, Brazil leads with 358.6 thousand tons, worth 1.53 billion USD, up 27.2% in volume and 28.8% in value compared to the same period last year. Brazil's coffee market share in total US imports increased from 23.6% to 29%.

Colombia followed with 216.8 thousand tons, up 4.3% year-on-year, raising its market share to 17.5%. Meanwhile, Vietnam exported only 91.8 thousand tons of coffee to the US, worth 335 million USD, down 31.5% in volume and 1.3% in value. Vietnam's coffee market share also fell from 11.2% to 7.4%.

The average import price of coffee from Brazil increased by 1.2% to $4,255 per ton, while that from Vietnam increased sharply by 44.1% to $3,650 per ton. In contrast, import prices from Colombia, Peru, Canada and Nicaragua tended to decrease.

Robusta coffee prices fell in mid-December 2024 as inventories on the ICE exchange rose to a four-week high. In addition, pressure from the new harvest in Vietnam also affected coffee prices. However, the progress of the coffee harvest in the Central Highlands is still affected by the weather, raising concerns about the next crop's coffee output. Currently, the harvest is half completed.

While arabica coffee prices are recovering thanks to the depreciation of the Brazilian currency, traders remain concerned about the country’s crop prospects. Volcafe, one of the world’s leading traders, has cut its forecast for Brazil’s arabica coffee production in 2025-26 to 34.4 million bags, down 11 million bags from its previous estimate. The forecast also points to a global arabica deficit of 8.5 million bags in 2025-26, up from a deficit of 5.5 million bags in 2024-25.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-28122024-ca-phe-the-gioi-lao-doc-366631.html