World coffee prices
Early morning of November 26 (Vietnam time), on the London floor, the price of Robusta coffee futures for November 2024 delivery was at 5,110 USD/ton, up 125 USD/ton compared to yesterday. The January 2025 delivery futures increased by 113 USD/ton, trading at 5,036 USD/ton.
Arabica coffee prices on the New York floor for December 2024 delivery were trading at 304 cents/lb, up 2 cents/lb from yesterday's trading level. For March 2025 delivery, they were trading at 302 cents/lb, up 3 cents/lb from a day ago.
Coffee prices increased sharply today. (Illustration photo)
Domestic coffee prices
Domestic coffee prices increased across all localities today, trading at 118,800 - 120,000 VND/kg.
Specifically, in Dak Lak province, today's coffee price is purchased at 120,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday.
In Lam Dong , today's coffee price was purchased at 118,800 VND/kg, an increase of 800 VND/kg compared to the previous trading session.
In Gia Lai, coffee price today is trading at 119,900 VND/kg, up 1,000 VND/kg.
Coffee prices in Dak Nong province today also increased by 1,000 VND/kg, being purchased at 120,000 VND/kg.
In Brazil, although rainfall in Minas Gerais state, the country's largest coffee growing region, was 27% above historical average last week, the market remains concerned about soil moisture deficits for the 2025-2026 crop. According to Barchart, rainfall in Brazil has been consistently below average since April, affecting the important flowering stage and the outlook for the Arabica coffee crop.
Last week, the US Department of Agriculture (USDA) in Brazil lowered its forecast for coffee production in the 2024-2025 crop year to 66.4 million 60-kg bags, down 3.5 million bags from the previous forecast. The main reason is the decline in Arabica coffee production due to harsh weather conditions during the flowering and bean development stages.
At the same time, USDA also forecasts that exports in the 2024-2025 crop year will decrease by 5% compared to the previous forecast, to 44.25 million bags, 2.5 million bags lower than the previous crop year. Notably, the ending inventory of the 2024-2025 crop year is forecast to decrease sharply by 65% compared to the previous report, to 1.24 million bags, while the ending inventory of the 2023-2024 crop year is also adjusted from 2.885 million bags to 1.685 million bags.
In Vietnam, the market is facing many supply challenges. In addition to concerns about the La Nina phenomenon that may appear later in the year and affect the harvest process, the amount of coffee available at the time of the main harvest in 2024 is also low.
Traders in Vietnam said demand is rising while supply remains limited. Unlike previous seasons, farmers are in no rush to sell their coffee this year as their finances are stable thanks to revenue from previous sales of durian and pepper, according to Reuters.
The low supply situation is also reflected in the export data of the General Department of Customs. Accordingly, the amount of coffee exported in the first half of November reached only 20,933 tons, down 45% compared to the same period in 2023 and down 3% compared to the first 15 days of October 2024. This is contrary to the usual rule when the export volume in November usually increases gradually as farmers enter the main harvest period.
Source: https://vtcnews.vn/cafe-price-hom-nay-26-11-the-gioi-va-trong-nuoc-cung-tang-manh-ar909630.html
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