Ending the week with a price increase 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 coffee price today is at 116,200 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho district (Dak Lak), the coffee price today is purchased at the same level of 116,100 VND/kg.

Similarly in Dak Nong province, today's coffee purchase price is at 116,200 VND/kg in Gia Nghia and 116,100 VND/kg in Dak R'lap.

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

Today's coffee price in Kon Tum province is purchased at 116,100 VND/kg.

Province/district (survey area)	Average (Unit: VND/kg)	Change from 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
Dak Nong	116,200	-4,900

The Import-Export Department forecasts that coffee prices will be high next month due to tight supply and rising demand. Vietnam could see its coffee output in the 2024-2025 crop year drop to its lowest level in 13 years.

The return of coffee markets after the Northern Hemisphere summer break will boost coffee trading, especially ahead of the winter roasting season in Europe and the U.S. While the USDA forecasts a possible increase in the next harvest, many coffee industry experts believe that production will decline by about 15% due to unfavorable weather and reduced coffee plantings.

Severe drought during the last dry season reduced the size of coffee beans, especially during the critical period when coffee cherries develop rapidly. With no stocks remaining from the 2023-2024 crop year, coffee supplies are expected to be even tighter. Shortages have already begun in May of the current crop year.

World coffee prices today

At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery increased by 146 USD/ton, at 5,067 USD/ton, and for January 2025 delivery increased by 139 USD/ton, at 4,859 USD/ton.

Arabica coffee prices for December 2024 delivery increased by 5.30 cents/lb to 257.35 cents/lb, and 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