Coffee price today October 19: World price increases, domestic price decreases slightly

World coffee prices

Early morning of October 19 (Vietnam time), on the London floor, the price of Robusta coffee futures for November 2024 delivery increased by 7 USD/ton, at 4,692 USD/ton, and for January 2025 delivery increased by 9 USD/ton, at 4,607 USD/ton.

Arabica coffee prices on the New York floor for December 2024 delivery increased by 2.05 cents/lb, to 257.20 cents/lb, and for March 2025 delivery increased by 1.90 cents/lb, to 255.75 cents/lb.

Domestic coffee prices

Domestic coffee prices today decreased slightly, fluctuating between 110,800 - 111,400 VND/kg.

Specifically, today's coffee price in Dak Lak is 111,200 VND/kg, down 2,000 VND/kg compared to yesterday's trading session.

Coffee price today in Lam Dong is recorded at 110,800 VND/kg, down 500 VND/kg compared to early this morning.

Domestic coffee prices slightly decreased. (Illustration photo).

Coffee price in Gia Lai today recorded transactions at 111,300 VND, down 500 VND/kg.

Coffee price today in Dak Nong is trading at 111,400 VND/kg, unchanged from a day ago.

Coffee trading in Vietnam is currently sluggish as traders await supplies from the next crop. However, this also reflects the market’s anticipation as the majority of new coffee production will arrive in the coming months. Notably, although farmers have begun harvesting some Arabica coffee, the output is still very small and not enough to serve the international market.

Vietnam’s coffee output in the 2024/2025 crop year is forecast to decrease by 5-10% due to the impact of climate change. However, coffee prices are expected to remain high thanks to increased demand from major export markets.

Ngoc Vy

Source: https://vtcnews.vn/gia-ca-phe-hom-nay-19-10-the-gioi-tang-trong-nuoc-giam-nhe-ar902642.html