Coffee price today 11/7: World price decreased, domestic price increased by 600 VND/kg

World coffee prices

Early morning of November 7 (Vietnam time), on the London floor, the price of Robusta coffee futures for November 2024 delivery decreased by 99 USD/ton, at 4,273 USD/ton, and for January 2025 delivery decreased by 94 USD/ton, at 4,209 USD/ton.

Arabica coffee prices on the New York floor for December 2024 delivery decreased by 4.50 cents/lb, to 249.65 cents/lb, and for March 2025 delivery decreased by 4.25 cents/lb, to 245.15 cents/lb.

Domestic coffee prices

Domestic coffee prices today fluctuated at 106,500 - 107,000 VND/kg, a slight increase of 600 VND/kg compared to yesterday.

Specifically, in Di Linh, Lam Ha, Bao Loc districts ( Lam Dong ), today's coffee price is purchased at 106,500 VND/kg.

In Cu M'gar district ( Dak Lak ), the coffee price today is at 107,000 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho district (Dak Lak), the coffee price today is purchased at the same level of 106,900 VND/kg.

Similarly in Dak Nong province, today's coffee purchase price is at 107,000 VND/kg in Gia Nghia and 106,900 VND/kg in Dak R'lap.

In Gia Lai province, coffee price today is at 107,000 VND/kg (Chu Prong), in Pleiku and La Grai the price is 106,900 VND/kg.

Domestic coffee prices increased slightly.

Today's coffee price in Kon Tum province is purchased at 107,000 VND/kg.

World coffee prices fell slightly as the US dollar index rose to its highest level in four months, causing prices of most commodities, including coffee, to fall. The US dollar index rose 1.64% to 105.1 points, its highest level in four months, when the US presidential election results named Donald Trump as the 47th president of the United States.

Coffee losses were contained due to concerns that unusual conditions in Brazil could limit the country's coffee output.

Meanwhile, domestic coffee prices have been fluctuating during the harvest season of Vietnamese farmers, mostly decreasing more than increasing. Currently, coffee prices are still above 100,000 VND/kg, but the prolonged decline has many people worried.

At the beginning of the week, experts predicted that many factors would affect coffee prices, such as the US presidential election and the Fed's interest rate adjustment. In fact, the USD had already depreciated before the election, as investors awaited the results and the Fed's policies, helping coffee prices recover. These events are expected to have a profound impact on the global economy.

Experts and Vicofa believe that coffee prices are likely to continue to decrease in the short term. This is a normal development when the market is fluctuating, so businesses and growers should trade cautiously and calculate appropriately to cope with this fluctuation.

Ngoc Vy

Source: https://vtcnews.vn/gia-ca-phe-hom-nay-7-11-the-gioi-giam-trong-nuoc-tang-600-dong-kg-ar906006.html