World coffee prices
Early morning of December 3 (Vietnam time), on the London floor, the price of Robusta coffee futures for delivery in January 2025 was at 4,834 USD/ton, down 575 USD/ton compared to early morning yesterday. Meanwhile, the price of futures for delivery in March 2025 was at 4,806 USD/ton, down 571 USD/ton compared to the previous trading session.
The price of Arabica coffee on the New York floor for March 2025 delivery was at 296 cents/lb, down 22 cents/lb compared to early this morning. For May 2025 delivery, it was trading at 294 cents/lb, down 21 cents/lb compared to the previous trading session.
Coffee prices fell sharply today. (Illustration photo)
Domestic coffee prices
Domestic coffee prices today also fell sharply in all localities, trading at 127,800 - 128,500 VND/kg.
Specifically, in Dak Lak , today's coffee price is purchased at 138,000 VND/kg, down 2,000 VND/kg compared to yesterday.
In Lam Dong , today's coffee price was purchased at 127,800 VND/kg, down 1,700 VND/kg compared to the previous trading session.
In Gia Lai, today's coffee price is trading at 128,000 VND/kg, down 2,000 VND/kg compared to the trading price a day ago.
Coffee prices in Dak Nong province today also recorded a decrease of 2,000 VND/kg, trading at 128,500 VND/kg.
Coffee supply and demand information shifted towards increasing concerns about supply in Brazil and Vietnam. This helped increase important support for prices.
Rainfall in Minas Gerais, Brazil’s largest coffee-growing state, continues to be below historical averages. Somar Meteorologia reported just 6 mm of rain in the region last week, or 10% of the historical average. The low rainfall has raised concerns that coffee trees will not be able to fully recover and develop, leading to a sharp drop in production compared to the current crop.
Previously, Brazil's main coffee growing region experienced a prolonged historic dry period, causing analysts to simultaneously reduce their coffee production forecasts for the 2025-2026 crop year as well as the 2024-2025 crop year.
In its global market report, Hedgepoint Consulting predicted 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 60kg bags, down slightly by 1.4% from the previous crop. The firm also said the forecast could change based on future weather conditions.
In Vietnam, the harvest has entered its peak season but farmers have not yet ramped up sales. Reuters in its weekly Asian coffee newsletter said Vietnamese farmers have harvested about 30% of the crop but have not sold much because it is in the drying process.
Previously, the General Department of Customs announced that the volume of coffee exported in the first half of November of our country only reached 20,933 tons, down 45% and 3% respectively compared to the same period in 2023 and the same period last month. The volume of coffee exported in the first half of November was lower than that of October, reflecting the delay in export activities.
Source: https://vtcnews.vn/gia-ca-phe-hom-nay-3-12-giam-manh-o-ca-trong-nuoc-va-the-gioi-ar911045.html
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