Domestic coffee price forecast tomorrow December 31, 2024 to decrease slightly

World coffee price situation

Robusta coffee prices on the London floor, updated at 3:30 p.m. on December 30, 2024: March 2025 delivery term ended at 4,953 USD/ton; May 2025 delivery term ended at 4,884 USD/ton; July 2025 delivery term ended at 4,814 USD/ton and September 2025 delivery term ended at 4,726 USD/ton.

Weasel coffee from a coffee production facility in Da Lat city, Lam Dong province. Photo: Nguyen Phuong

Meanwhile, the price of Arabica coffee on the New York floor for March 2025 delivery closed at 322.65 cents/lb; May 2025 delivery closed at 317.60 cents/lb; July 2025 delivery closed at 311.05 cents/lb and September 2025 delivery closed at 303.70 cents/lb.

For Brazilian Arabica coffee prices, the updated price is as follows: March 2025 delivery period ended at $402.55/ton; May 2025 delivery period ended at $395.80/ton; July 2025 delivery period ended at $387.05/ton and September 2025 delivery period ended at $374.30/ton.

Domestic coffee prices increased slightly

According to information from Giacaphe.com, updated coffee prices at 3:30 p.m. today, December 30, 2024, domestic coffee prices increased slightly to an average of 121,100 VND/kg, a slight increase of +200 VND/kg compared to yesterday.

The highest coffee purchase price in the key regions of the Central Highlands was recorded at 121,200 VND/kg and was recorded to increase by +200 VND/kg in the provinces. Specifically, the coffee price in Dak Lak today is 121,000 VND/kg; the coffee price in Lam Dong is 120,500 VND/kg; the coffee price in Gia Lai today is 121,000 VND/kg and the coffee price in Dak Nong today is 121,200 VND/kg. Thus, Dak Nong province is still the province with the highest coffee purchase price compared to the remaining provinces.

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 12/31/2024

On December 30, 2024, the average domestic coffee price was recorded at VND 121,100/kg, a slight increase of VND 200 compared to the previous day. This is a positive sign for coffee growers in the context of many market fluctuations.

Ripe coffee in Lien Hiep commune, Duc Trong district, Lam Dong province. Photo: Le Son

However, in the world market, Robusta and Arabica coffee prices have tended to decrease slightly. The main reason comes from the pressure of speculative activities and the strengthening of the USD, making investors more cautious in trading.

Experts predict that domestic coffee prices on December 31, 2024 may slightly decrease, expected to fluctuate between 120,000 - 120,900 VND/kg. This situation reflects the influence of speculative activities and pressure from the international market. Coffee growers and investors need to closely monitor price developments to make appropriate adjustments in their business strategies.

Source: https://congthuong.vn/du-bao-gia-ca-phe-trong-nuoc-ngay-mai-31122024-giam-nhe-367046.html