Coffee prices today November 25: Domestic prices increase sharply, the world stands still

World coffee prices

Early in the morning of November 25 (Vietnam time), on the London floor, the price of Robusta coffee futures for November 2024 delivery was at 4,985 USD/ton, unchanged from yesterday. The January 2025 delivery futures also did not record any fluctuations, trading at 4,923 USD/ton.

Arabica coffee prices on the New York floor for December 2024 delivery were trading at 302 cents/lb, the same as yesterday. For March 2025 delivery, they were trading at 299 cents/lb, unchanged from a day ago.

Domestic coffee prices

Domestic coffee prices increased across all localities today, trading at 118,000 - 119,000 VND/kg.

Specifically, in Dak Lak province, today's coffee price was purchased at 119,000 VND/kg, an increase of 1,500 VND/kg compared to yesterday.

In Lam Dong , today's coffee price is purchased at 118,000 VND/kg, an increase of 1,000 VND/kg compared to the previous trading session.

In Gia Lai, coffee price today is trading at 118,900 VND/kg, up 1,500 VND/kg.

Coffee prices in Dak Nong province today also increased by 1,500 VND/kg, being purchased at 119,000 VND/kg.

Domestic supply remains low while demand is rising. Notably, unlike previous seasons when farmers often sold early to cover production costs, this year they are in no rush to boost coffee sales thanks to more stable finances from previous durian and pepper sales.

Globally, the United States Department of Agriculture (USDA) in Brazil has lowered its forecast for total coffee production in the 2024-2025 crop year to 66.4 million bags, but still up slightly by 0.2% compared to the 2023-2024 crop year. Accordingly, the decrease in output leads to expected exports reaching only over 44 million bags, down 5% compared to the previous forecast and 2.5 million bags lower than the previous crop year.

In addition, the USDA in Brazil also sharply revised down its forecast for coffee inventories. Specifically, the 2023-2024 ending inventory was cut from 2.88 million bags to 1.68 million bags, while the 2024-2025 ending inventory is forecast to be only 1.24 million bags, down 65% from the previous report.

Thanh Lam

Source: https://vtcnews.vn/gia-ca-phe-hom-nay-25-11-trong-nuoc-tang-manh-the-gioi-dung-im-ar909371.html