Will coffee prices stabilize?

World coffee prices remain stable.

Robusta coffee prices on the London exchange, updated at 1:50 PM on December 15, 2024, remained stable, fluctuating between 5046 and 5209 USD/ton compared to the previous day. Specifically, the January 2025 delivery contract was 5209 USD/ton; the March 2025 delivery contract was 5184 USD/ton; the May 2025 delivery contract was 5126 USD/ton; and the July 2025 delivery contract was 5046 USD/ton.

Mr. Bui Xuan Thang – Director of Cau Dat Bean Co., Ltd., next to his organic coffee garden. Photo: Minh Hau

Similarly, the price of Arabica coffee on the New York exchange on December 15, 2024, also remained stable, fluctuating between 304.85 and 319.50 cents/lb compared to the previous day. Specifically, the March 2025 delivery contract was 319.50 cents/lb; the May 2025 delivery contract was 317.05 cents/lb; the July 2025 delivery contract was 312.45 cents/lb; and the September 2025 delivery contract was 304.85 cents/lb.

On the morning of December 15, 2024, the price of Brazilian Arabica coffee remained largely unchanged for most delivery periods compared to the previous day, except for the December 2024 delivery period, which decreased to US$396.90/ton (down US$2.30/ton). The remaining delivery periods maintained prices: March 2025 at US$408.70/ton; May 2025 at US$395.15/ton; and July 2025 at US$388.95/ton.

Domestic coffee prices are currently high.

In contrast to the global coffee market, as of 2 PM today (December 15th), the domestic coffee market continues to maintain high prices, currently fluctuating between 123,500 and 125,200 VND/kg. The average coffee purchase price in the Central Highlands provinces today is 125,100 VND/kg.

In the Central Highlands, Lam Dong province still has the lowest coffee purchase price at 123,500 VND/kg. Similarly, Gia Lai and Dak Lak provinces ranked second today, both listed at 125,000 VND/kg.

Notably, Dak Nong has consistently maintained its leading position in the Central Highlands and among other provinces and cities, with the highest coffee purchase price nationwide, reaching 125,200 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.

Coffee price forecast for tomorrow, December 16 , 2024

Despite unfavorable weather conditions in the Central Highlands due to prolonged heavy rains, farmers there are still accelerating the coffee harvest. The coffee beans are ripening rapidly, and if not harvested, the husks will crack, seriously affecting quality. Furthermore, world coffee prices have begun to stabilize and have slightly decreased on some exchanges, so farmers are likely selling to lock in profits and avoid a sharp drop in prices.

Coffee beans grown by local people in Tram Hanh commune, Da Lat city, Lam Dong province. Photo: Minh Hau

Furthermore, according to information from the Brazilian Coffee Exporters Association (CECAFE), Brazil and other major producing countries are continuing to boost coffee exports after the 2024-2025 harvest, contributing to supplementing market supply in the short term and putting pressure on prices. The Brazilian Coffee Exporters Association (CECAFE) announced that in November, the South American country exported 4.66 million 60kg bags of coffee, a 5.4% increase compared to the same month in 2023. For the first 11 months of 2024, Brazil's coffee exports reached a record high of nearly 46.4 million bags, exceeding the 2020 peak by 3.78% and increasing by 32.2% compared to the same period in 2023. Previously, the Brazilian government announced that in November, the country exported more than 285,000 tons of green coffee beans, a 21.6% increase compared to the same period in 2023.

Accordingly, experts predict that coffee prices tomorrow, December 16, 2024, will stabilize and tend to decrease slightly.

Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-16122024-gia-ca-phe-lieu-co-chung-lai-364373.html