Coffee price forecast for tomorrow, December 30, 2024, cannot recover

Update world coffee prices

Today, on the weekend of Sunday, all coffee exchanges in the world are closed. Therefore, the price of Robusta coffee on the London exchange updated at 3:30 p.m. on December 29, 2024 is unchanged compared to yesterday's price, ranging from 4,726 - 4,953 USD/ton. Specifically, the delivery period for March 2025 is 4,953 USD/ton; the delivery period for May 2025 is 4,884 USD/ton; the delivery period for July 2025 is 4,814 USD/ton and the delivery period for September 2025 is 4,726 USD/ton.

People in Lam Dong harvest coffee. Photo: Nguyen Phuong

Similarly, the price of Arabica coffee on the New York floor was also unchanged from yesterday, fluctuating from 303.70 to 322.65 cents/lb. Specifically, the delivery period for March 2025 is 322.65 cents/lb; the delivery period for May 2025 is 317.60 cents/lb; the delivery period for July 2025 is 311.05 cents/lb and the delivery period for September 2025 is 303.70 cents/lb.

The price of Brazilian Arabica coffee also remained unchanged, ranging from 374.30 to 402.55 USD/ton. Specifically, the delivery period for March 2025 is 402.55 USD/ton; the delivery period for May 2025 is 395.80 USD/ton; the delivery period for July 2025 is 387.05 USD/ton and the delivery period for September 2025 is 374.30 USD/ton.

Domestic coffee prices remain stable

According to information from Giacaphe.com, updated coffee prices at 3:30 p.m. today, December 29, 2024, domestic coffee prices are moving sideways at an average of 120,900 VND/kg.

The highest coffee purchase price in key regions of the Central Highlands is still recorded at 121,000 VND/kg. Of which, the coffee price in Dak Lak today is 120,800 VND/kg; the coffee price in Lam Dong is 120,300 VND/kg; the coffee price in Gia Lai today is 121,800 VND/kg and the coffee price in Dak Nong today is still 121,000 VND/kg.

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 farmers and coffee purchasing businesses.

Coffee price prediction tomorrow 12/30/2024

Based on market information and signals, experts predict that coffee prices tomorrow, December 30, 2024, are expected to continue to decrease slightly in both domestic and international markets.

Thai Chau Dalat Pure Coffee Company Limited roasts and grinds coffee. Photo: Nguyen Phuong

For the domestic market, coffee prices in the Central Highlands provinces may decrease by another VND100-300/kg, fluctuating between VND120,000-120,900/kg. For the international market, Robusta and Arabica coffee prices may maintain a slight downward trend due to pressure from speculative activities and a stronger USD.

The main reason is still speculative pressure: after the Christmas holidays, speculators increased profit-taking, creating downward pressure on prices on both exchanges. In addition, the coffee harvest in Vietnam is increasing, at the same time, the stronger US dollar also caused coffee prices to fall.

Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-30122024-chua-the-phuc-hoi-366851.html