World coffee prices
Early morning of December 2 (Vietnam time), on the London floor, the price of Robusta coffee futures for delivery in January 2025 was at 5,409 USD/ton, unchanged from early morning yesterday. Meanwhile, the price of futures for delivery in March 2025 was at 5,377 USD/ton, unchanged from the previous trading session.
The price of Arabica coffee on the New York floor for March 2025 delivery was at 318 cents/lb, the same as the early morning trading price yesterday. For the May 2025 delivery period, it was traded at 315 cents/lb, unchanged from the previous trading session.
Coffee prices are stable today. (Illustration photo)
Domestic coffee prices
Domestic coffee prices today also decreased after a series of record increases, at 129,500 - 130,500 VND/kg.
Specifically, in Dak Lak , today's coffee price is purchased at 130,000 VND/kg, unchanged from yesterday.
In Lam Dong , today's coffee price was purchased at 129,500 VND/kg, unchanged from the previous trading session.
In Gia Lai, coffee price today is 130,000 VND/kg, the same as the previous day.
Coffee prices in Dak Nong province today also did not record any fluctuations, trading at 130,500 VND/kg.
Arabica coffee prices hit their highest level in nearly half a century last week as Brazilian farmers were reluctant to sell, while speculators were pouring money into the market.
Coffee prices have received strong support as speculation has increased, combined with supply concerns in major producing countries.
Brazil's coffee output next year faces fears of a sharp decline due to drought earlier this year, with soil moisture levels remaining low despite recent rains.
The US Department of Agriculture (USDA) in Brazil estimates that the country's coffee output in the 2024/25 crop year will be at 66.4 million bags (60kg), down 3.5 million bags compared to the previous forecast.
The total production decrease was mainly due to a decline in Arabica coffee as the crop's producing areas faced harsh weather conditions during the flowering and bean development stages.
In addition, exports in 2024/25 are estimated to be down 5% from the previous forecast and 2.5 million bags lower than the previous crop year. At the same time, ending stocks in 2024/25 are down 65% from the USDA forecast, to 1.24 million bags, and ending stocks in 2023/24 are also cut from 2.88 million bags to 1.68 million bags.
Meanwhile, some experts said that there were many reasons for the increase in coffee prices last week, but the basic reason was still that supply was smaller than demand. The amount of coffee in stock on international exchanges was not much. It can be seen that the origin was the continuous increase in Arabica coffee prices on the New York floor. Because this market is worried about the shortage of supply from Brazil, due to the prolonged drought in many growing areas. Besides, there are the macro policies of the new government.
The fever from the New York floor spread to the London floor. As prices rose, coffee farmers limited their sales, causing a serious shortage.
Source: https://vtcnews.vn/gia-ca-phe-hom-nay-2-12-on-dinh-sau-chuoi-ngay-tang-cao-ky-luc-ar910803.html
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