Coffee prices remain volatile at high levels.

Today's coffee prices on December 2nd, 2024, at 4:30 AM on the world market were updated on the Vietnam Commodity Exchange (MXV) (world coffee prices are continuously updated by MXV, matching those of exchanges worldwide; it is the only channel in Vietnam that continuously updates prices linked to exchanges around the world). Today's online coffee prices from the three main futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are continuously updated by Y5Cafe throughout the trading hours of the exchanges, as follows:

At the close of trading, Robusta coffee prices on the London exchange at 4:30 AM on December 2, 2024, remained unchanged compared to the previous trading session and were pegged at relatively high levels, fluctuating between 5,215 and 5,730 USD/ton. Specifically, the January 2025 delivery contract was 5,409 USD/ton; the March 2025 delivery contract was 5,377 USD/ton; the May 2025 delivery contract was 5,310 USD/ton; and the July 2025 delivery contract was 5,228 USD/ton.

Similarly, on the morning of December 2nd, 2024, the price of Arabica coffee in New York showed little change compared to the previous trading session, fluctuating between 304.50 and 335.45 cents/lb. Specifically, the March 2025 delivery contract was 318.05 cents/lb; the May 2025 delivery contract was 315.50 cents/lb; the July 2025 delivery contract was 310.85 cents/lb; and the September 2025 delivery contract was 305.80 cents/lb.

At the close of trading on the morning of December 2, 2024, Brazilian Arabica coffee prices remained stable across all delivery periods, fluctuating between US$386.85 and US$400.00 per ton. Specifically, the December 2024 delivery contract was US$397.95 per ton; the March 2025 contract was US$393.70 per ton; the May 2025 contract was US$393.15 per ton; and the July 2025 contract was US$386.85 per ton.

Domestic coffee prices, updated at 4:30 AM on December 2nd, 2024, are as follows: Domestic coffee prices remained unchanged compared to the previous trading session and are currently at a high level. The average purchase price in the Central Highlands provinces is currently 130,200 VND/kg.

Specifically, the purchase price of coffee in Gia Lai province is 130,000 VND/kg. However, the current purchase price in Dak Nong province is the highest at approximately 130,500 VND/kg.

In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, the price of bulk green coffee beans (green coffee beans, fresh coffee beans) is 129,500 VND/kg.

Today's coffee prices (December 2nd) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at 130,000 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at 129,900 VND/kg.

Coffee prices tomorrow, December 3, 2024

According to forecasts, coffee prices are currently fluctuating at high levels and may rise slightly in the near future.

Statistics show that Robusta coffee prices reached their highest levels in history last week, and Arabica prices reached their highest level in 47 years. In summary, last week, Robusta coffee futures for January 2025 delivery increased by $424/ton, while Arabica coffee futures for March delivery increased by 18.45 cents/lb.

According to experts, the sharp increase in coffee prices may be due to concerns about unfavorable weather conditions in Brazil and Vietnam leading to reduced yields, increased input costs, and higher transportation fees during the year-end season. In addition, farmers in Brazil and Vietnam are hesitant to sell, hoping for better prices, which is another factor driving prices up. Furthermore, global geopolitical instability is fueling speculation on commodity exchanges, further escalating coffee prices.

According to forecasts, the global coffee shortage will be approximately 2 million bags in the 2024/25 crop year. Brazil's coffee production for the 2025/26 crop year is projected to reach only 65.2 million bags, a 1.4% decrease compared to the previous year, due to the impact of prolonged drought.

Furthermore, concerns about the current supply of arabica are exacerbated by other producing countries also reporting unfavorable harvests. In Colombia, the second-largest arabica producer, recovery is still underway from the El Niño drought, while recent heavy rains have raised concerns about crop damage in Costa Rica and Honduras.

Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-3122024-gia-ca-phe-giang-co-o-muc-cao-362045.html