Coffee prices cannot fall any further.

World coffee prices have fallen to a record low.

As of 3:30 PM on December 20, 2024, Robusta coffee prices on the London exchange witnessed a sharp decline for the third consecutive session this week, falling by 90-101 USD/ton, fluctuating between 4904 and 5061 USD/ton. Specifically, the January 2025 delivery contract was 5061 USD/ton (down 90 USD/ton); the March 2025 delivery contract was 5046 USD/ton (down 93 USD/ton); the May 2025 delivery contract was 4991 USD/ton (down 94 USD/ton); and the July 2025 delivery contract was 4904 USD/ton (down 101 USD/ton).

People in Gia Lai province harvest ripe coffee beans. Photo: Hien Mai

Similarly, Arabica coffee prices on the New York exchange also fell quite sharply compared to yesterday's trading session, decreasing by 8.90 – 9.70 cents/lb, fluctuating between 301.75 – 323.75 cents/lb. Specifically, the March 2025 delivery contract was 323.75 cents/lb (down 8.90 cents/lb); the May 2025 delivery contract was 318.30 cents/lb (down 9.10 cents/lb); the July 2025 delivery contract was 311.00 cents/lb (down 9.70 cents/lb); and the September 2025 delivery contract was 301.75 cents/lb (down 9.65 cents/lb).

At the close of trading, Brazilian Arabica coffee prices also fell sharply by $0.70 – $12.85/ton compared to yesterday, fluctuating between $387.00 – $403.00/ton. Specifically, the December 2024 delivery contract was $403.00/ton (up $10.20/ton); the March 2025 delivery contract was $405.00/ton (down $0.70/ton); the May 2025 delivery contract was $396.80/ton (down $12.05/ton); and the July 2025 delivery contract was $387.00/ton (down $12.85/ton).

Domestic coffee prices plummet.

Under pressure from the sharp decline in global coffee prices, domestic coffee prices also failed to maintain stability and fell for the third consecutive session. According to information from Giacaphe.com, updated at 3:30 PM today, December 20, 2024, the average domestic coffee price is 121,900 VND/kg, a decrease of -1,900 VND/kg compared to yesterday.

Specifically, in Di Linh, Lam Ha, and Bao Loc districts (Lam Dong province), the price of coffee today is 121,500 VND/kg. In Cu M'gar district ( Dak Lak province), the price of coffee today is 122,200 VND/kg. In Ea H'leo and Buon Ho districts (Dak Lak province), the price of coffee today is 122,400 VND/kg.

Similarly, in Dak Nong province, today's coffee prices are 122,000 VND/kg in Gia Nghia and 123,400 VND/kg in Dak R'lap. In Gia Lai province, today's coffee prices are 121,800 VND/kg (Chu Prong), while in Pleiku and La Grai the price is 122,000 VND/kg.

The domestic coffee prices listed daily by Giacaphe.com are calculated based on prices from two global coffee exchanges, combined with continuous surveys from businesses and purchasing agents in key coffee-growing regions across the country.

Y5Cafe always strives to closely monitor prices in each region; however, there may be days when the listed price does not perfectly match the local coffee purchase price. Nevertheless, Y5Cafe believes that the listed information is a valuable reference source for farmers.

Coffee price forecast for tomorrow, December 21 , 2024

In yesterday's trading session, world coffee prices on both exchanges fell sharply. The main reason was the strong rise of the US dollar just before the year-end holiday, forcing speculators to sell off their holdings instead of holding them.

People drying coffee beans after harvesting. Photo: Hien Mai

In addition, in the early hours of December 20th in the US market, the US Dollar Index (DXY), which measures the fluctuations of the US dollar against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), increased by 0.37%, reaching 108.40. The USD is currently fluctuating near its highest level in two years, after the US Federal Reserve (Fed) announced its decision to cut interest rates and projected a slower pace of monetary policy easing in 2025.

In Vietnam, this year's coffee harvest has brought an atmosphere of excitement. Coffee prices have risen sharply, ranging from 100,000 to 120,000 VND/kg. For farmers, this is not only a bountiful harvest in terms of economic value but also a great source of encouragement, giving them confidence in the future of coffee cultivation in the highlands.

This year's weather has also been erratic, with prolonged heatwaves and storms, creating difficulties for coffee growers and leading to a significant decrease in yield. Fortunately, coffee prices have risen, partially offsetting these difficulties.

Global coffee market analysts believe that the significant fluctuations in world coffee prices are a major factor affecting coffee production and value in producing countries, including Vietnam. However, according to experts, coffee prices are unlikely to fall further tomorrow, December 21, 2024.

Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-21122024-gia-ca-phe-khong-the-giam-tiep-365311.html