World coffee prices
Early morning of November 29 (Vietnam time), on the London floor, the price of Robusta coffee futures for November 2024 delivery was at 5,565 USD/ton, up 32 USD/ton compared to yesterday. The January 2025 delivery futures increased 32 USD/ton, trading at 5,528 USD/ton.
Arabica coffee futures for December 2024 delivery on the New York Mercantile Exchange traded at 323 cents/lb, unchanged from yesterday's trading level. For March 2025 delivery, they traded at 320 cents/lb, the same as the previous trading level.
Coffee prices increased sharply today. (Illustration photo)
Domestic coffee prices
Domestic coffee prices today also increased in all localities, trading at 127,500 - 128,200 VND/kg.
Specifically, in Dak Lak province, today's coffee price is purchased at 128,000 VND/kg, an increase of 4,000 VND/kg compared to yesterday.
In Lam Dong , today's coffee price was purchased at 127,500 VND/kg, an increase of 4,000 VND/kg compared to the previous trading session.
In Gia Lai, coffee price today is trading at 127,900 VND/kg, up 4,000 VND/kg.
Coffee prices in Dak Nong province today increased by 4,100 VND/kg, being purchased at 128,200 VND/kg.
With the increase in this trading session, domestic coffee prices have reached their highest level ever.
Arabica coffee prices rose 4.6%, setting a new record in 47 years, while Robusta coffee prices recorded a record increase of 6.92%, setting a historical high. Coffee prices received strong support from speculation factors pushed up ahead of the holiday season, combined with concerns about supply in major producing countries.
Since Mr. Trump won the 2024 US presidential election, a wave of investment cash flow shifting from safe havens to highly profitable speculative markets like coffee has emerged.
Along with that, today's session (November 28), the coffee market will be closed for Thanksgiving, so there will be strong buying power, pushing prices up sharply in yesterday's session.
On the supply-demand side, the market continues to show concerns about coffee supply in major producing countries, notably Brazil. Brazil's main coffee growing region has recorded below-average rainfall over the past eight months, which is also an important period for coffee trees for the country's 2024-2025 and 2025-2026 harvests. The low rainfall has raised concerns about the inability of coffee trees to fully recover and develop, leading to a decrease in output.
Concerned about supply due to weather impacts, consulting firm Hedgepoint in its global market report forecasts Brazil's coffee output for the 2025-2026 crop year at around 65.2 million bags. Of which, Arabica coffee output is expected to be at 42.6 million 60-kg bags, down slightly by 1.4% compared to the previous crop.
Consulting firm StoneX also forecasts Brazil’s coffee output in the 2025-2026 crop year to fall by 0.4% compared to the current crop year, mainly due to a decline in Arabica coffee due to prolonged drought during the crucial flowering stage. Accordingly, the South American country’s next Arabica coffee output will fall by 10.5% compared to the previous crop year, to 40 million 60-kg bags.
For the 2024-2025 crop year, the United States Department of Agriculture (USDA) Brazil office estimates the country’s coffee production for the 2024-2025 crop year at 66.4 million 60-kg bags, down 3.5 million bags from the previous forecast. The total production decrease is mainly due to the decline in Arabica coffee as the growing region of this crop faces 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.
In addition, Reuters also said that Brazilian farmers are limiting coffee sales at this time, especially pre-selling coffee for the 2025-2026 crop year.
Source: https://vtcnews.vn/gia-ca-phe-hom-nay-29-11-tang-manh-xo-do-moi-ky-luc-ar910291.html
![[Photo] National Assembly Chairman Tran Thanh Man visits Vietnamese Heroic Mother Ta Thi Tran](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/20/765c0bd057dd44ad83ab89fe0255b783)
Comment (0)