Prices closed the week higher after a week of sharp declines.

Domestic coffee prices today

Specifically, in Di Linh, Lam Ha, Bao Loc districts ( Lam Dong ), today's coffee price is purchased at 115,500 VND/kg.

In Cu M'gar district ( Dak Lak ), the price of coffee today is 116,200 VND/kg. In Ea H'leo district (Dak Lak) and Buon Ho (Dak Lak), the price of coffee today is the same at 116,100 VND/kg.

Similarly, in Dak Nong province, today's coffee prices are being purchased at 116,200 VND/kg in Gia Nghia and 116,100 VND/kg in Dak R'lap.

In Gia Lai province, today's coffee price is 116,100 VND/kg (Chu Prong), while in Pleiku and La Grai it is 116,000 VND/kg.

Meanwhile, the price of coffee today in Kon Tum province is being purchased at 116,100 VND/kg.

Province/District (Survey Area)	Average (Unit: VND/kg)	Change compared to last week (Unit: VND/kg)
Dak Lak	116,200	-5,800
Lam Dong	115,500	-5.5 00
Kon Tum	116,100	-4,900
Gia Lai	116,100	-4,900
Boeing Nong	116,200	-4,900

The Import-Export Department forecasts high coffee prices next month due to scarce supply and increased demand. Vietnam may see its coffee production in the 2024-2025 crop year fall to its lowest level in 13 years.

The return of coffee markets after the summer break in the Northern Hemisphere will boost coffee trading, especially ahead of the winter roasting season in Europe and the US. While the USDA forecasts an increase in the upcoming harvest, many coffee industry experts believe production will decrease by about 15% due to unfavorable weather and reduced planted area.

The severe drought during the past dry season reduced the size of coffee beans, especially during the crucial period when the coffee cherries develop rapidly. With no stocks remaining from the 2023-2024 crop year, coffee supply is expected to be even more limited. The coffee shortage began in May of the current crop year.

World coffee prices today

At the close of the most recent trading session, Robusta coffee prices in London for November 2024 delivery rose by $146/ton to $5,067/ton, and for January 2025 delivery rose by $139/ton to $4,859/ton.

Arabica coffee prices for December 2024 delivery increased by 5.30 cents/lb to 257.35 cents/lb, while prices for March 2025 delivery increased by 5.15 cents/lb to 255.65 cents/lb.

Source: https://baodaknong.vn/gia-ca-phe-hom-nay-7-10-2024-chot-tuan-tang-gia-sau-ca-tuan-giam-manh-231081.html