Coffee price today 9/20/2024: Continue to increase slightly

Specifically, in Di Linh, Lam Ha, Bao Loc districts ( Lam Dong ), today's coffee price is purchased at 123,200 VND/kg.

In Cu M'gar district ( Dak Lak ), today's coffee price is at 123,600 VND/kg. In Ea H'leo district ( Dak Lak ), Buon Ho ( Dak Lak ), today's coffee price is purchased at the same level of 123,500 VND/kg.

Similarly in Dak Nong province, today's coffee purchase price is at 123,600 VND/kg in Gia Nghia and 123,500 VND/kg in Dak R'lap.

In Gia Lai province, coffee price today is at 123,500 VND/kg (Chu Prong), in Pleiku and La Grai the price is 123,400 VND/kg.

Today's coffee price in Kon Tum province is purchased at 123,500 VND/kg.

Storm No. 4 is expected to bring moderate to heavy rains and thunderstorms to the Central Highlands, which could impact the upcoming coffee harvest. Market analysts are closely monitoring weather changes in Vietnam, especially from October 2024, with concerns over unusually early coffee ripening.

The ongoing storms are likely to delay the harvest, while coffee prices are at an all-time high. Rabobank notes that rainfall has been low in Arabica coffee growing regions since the start of the dry season, and predicts that the global coffee market could see a small surplus next year.

Factors such as shipping delays, container shortages, and new EU anti-deforestation laws could keep coffee prices high this year.

At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery decreased by 66 USD/ton, at 5,268 USD/ton, and for January 2025 delivery decreased by 55 USD/ton, at 5,015 USD/ton.

Arabica coffee prices for December 2024 delivery decreased by 1.70 cents/lb to 262.70 cents/lb, and for March 2025 delivery decreased by 1.90 cents/lb to 260.40 cents/lb.

Source: https://baodaknong.vn/gia-ca-phe-hom-nay-20-9-2024-tiep-tuc-tang-nhe-229674.html