World coffee prices at 4:20 AM on July 1, 2024, were updated on the Vietnam Commodity Exchange (MXV) trading platform (the only channel in Vietnam that continuously updates prices linked to exchanges worldwide).
Today's online coffee prices from the three main futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are continuously updated by Y5Cafe throughout the trading hours and are also updated on www.giacaphe.com as follows:
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| Coffee prices today, July 1, 2024: Robusta coffee prices on the London exchange. |
At the close of trading on July 1, 2024, at 4:30 PM, Robusta coffee prices on the London exchange fell to between $3,588 and $4,011 per ton. Specifically, the September 2024 delivery contract was $4,011 per ton (down $36 per ton); the November 2024 delivery contract was $3,850 per ton (down $15 per ton); the January 2024 delivery contract was $3,680 per ton (down $11 per ton); and the March 2025 delivery contract was $3,588 per ton (down $9 per ton).
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| Coffee prices today, July 1, 2024: Arabica coffee prices on the New York exchange. |
Conversely, Arabica coffee prices on the New York exchange increased on the morning of July 1, 2024, rising from 220.95 to 226.80 cents/lb. Specifically, the September 2024 delivery contract was 226.80 cents/lb (up 0.20%); the December 2024 delivery contract was 224.50 cents/lb (up 0.13%); the March 2025 delivery contract was 228.85 cents/lb (up 0.11%); and the May 2025 delivery contract was 220.95 cents/lb (up 0.07%).
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| Coffee prices today, July 1, 2024: Brazilian Arabica coffee price |
Brazilian Arabica coffee prices on the morning of July 1, 2024 showed mixed movements. Specifically, the July 2024 delivery contract was 287.45 USD/ton (up 0.33%); the September 2024 contract was 276.80 USD/ton (down 0.79%); the December 2024 contract was 272.15 USD/ton (down 0.20%); and the March 2025 contract was 270.65 USD/ton (up 0.13%).
Robusta coffee traded on the ICE Futures Europe exchange (London exchange) opens at 4:00 PM and closes at 12:30 AM (the next day), Vietnam time.
Arabica coffee on the ICE Futures US (New York) exchange opens at 4:15 PM and closes at 1:30 AM (the next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil exchange, trading hours will be from 7:00 PM to 2:35 AM (the following day), Vietnam time.
Domestic coffee prices, updated at 4:30 AM on July 1, 2024, are as follows, according to www.giacaphe.com: Today's domestic coffee prices remain stable, ranging from 118,200 to 119,200 VND/kg. The average purchase price in the Central Highlands provinces is currently 119,200 VND/kg, with the highest price in Dak Nong province at 119,300 VND/kg.
Specifically, the purchase price of coffee in Gia Lai province (Chu Prong) is 119,200 VND/kg, in Pleiku and La Grai the same price is 119,200 VND/kg; in Kon Tum province the price is 119,200 VND/kg; in Dak Nong province coffee is purchased at the highest price of 119,300 VND/kg.
In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, the price of bulk green coffee beans (green coffee beans, fresh coffee beans) is 118,200 VND/kg.
Today's coffee prices (July 1st) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at approximately 119,200 VND/kg, while in Ea H'leo district and Buon Ho town, the same price is 119,200 VND/kg.
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While Robusta coffee prices continued to fall, Arabica coffee prices continued to rise. At the end of the last trading week of June, Arabica coffee prices had increased by more than 220 cents/lb.
In Brazil, the price of Arabica coffee for July delivery rose by $20.9 to $6,325 per ton, while the September contract fell by $3.3 to $6,234 per ton, and the December contract decreased by $12.1 to $5,934 per ton.
The 5.87% depreciation of the Brazilian currency against the US dollar in June, along with concerns about declining Brazilian coffee production, has prompted roasters to increase stockpiling, driving up Arabica coffee prices despite being in the peak harvest season.
Brazil's coffee harvest is also faster than usual, boosting coffee supply and driving prices down after Safras & Mercado Group reported on Friday that Brazil's 2024/25 coffee harvest was 50% complete as of June 25, faster than the 45% completion at the same time last year and faster than the five-year average of 47%.
This information is for reference only. Prices may vary depending on the location.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-172024-gia-ca-phe-on-dinh-o-moc-118200-119200-dongkg-329218.html
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