World coffee prices in the early morning of July 1, 2024, at 4:20 am, were updated on the Vietnam Commodity Exchange MXV (the only channel in Vietnam that continuously updates and links to exchanges around the world).
Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe during the trading hours of the exchange, updated by www.giacaphe.com as follows:
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| Coffee price today 7/1/2024: Robusta coffee price on London floor |
At the end of the trading session, the price of Robusta coffee on the London floor on July 1, 2024 at 4:30 a.m. decreased to 3,588 - 4,011 USD/ton. Specifically, the delivery period for September 2024 is 4,011 USD/ton (down 36 USD/ton); the delivery period for November 2024 is 3,850 USD/ton (down 15 USD/ton); the delivery period for January 2024 is 3,680 USD/ton (down 11 USD/ton) and the delivery period for March 2025 is 3,588 USD/ton (down 9 USD/ton).
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| Coffee price today 7/1/2024: Arabica coffee price on New York floor |
In contrast, the price of Arabica coffee on the New York floor on the morning of July 1, 2024 increased, from 220.95 to 226.80 cents/lb. Specifically, the September 2024 delivery period is 226.80 cents/lb (up 0.20%); the December 2024 delivery period is 224.50 cents/lb (up 0.13%); the March 2025 delivery period is 228.85 cents/lb (up 0.11%) and the May 2025 delivery period is 220.95 cents/lb (up 0.07%).
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| Coffee price today 7/1/2024: Brazilian Arabica coffee price |
Brazilian Arabica coffee prices fluctuated in opposite directions on the morning of July 1, 2024. Specifically, the July 2024 delivery period was 287.45 USD/ton (up 0.33%); the September 2024 delivery period was 276.80 USD/ton (down 0.79%); the December 2024 delivery period was 272.15 USD/ton (down 0.20%) and the March 2025 delivery period was 270.65 USD/ton (up 0.13%).
Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (next day), Vietnam time.
Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 - 02:35 (next day), Vietnam time.
Domestic coffee prices were updated at 4:30 a.m. on July 1, 2024 as follows, according to www.giacaphe.com, domestic coffee prices today are stable at around 118,200-119,200 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 119,200 VND/kg, the highest purchase price in Dak Nong province is 119,300 VND/kg.
Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 119,200 VND, 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 the coffee is purchased at the highest price of 119,300 VND/kg.
The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 118,200 VND/kg.
Coffee prices today (July 1) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 119,200 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 119,200 VND/kg.
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While Robusta coffee prices continue to fall, Arabica coffee prices continue to rise. At the end of the last trading week of June, Arabica coffee prices increased by more than 220 cents/lb.
In Brazil, the price of Arabica coffee futures for July delivery increased by 20.9 USD to 6,325 USD/ton, while the price of September delivery decreased by 3.3 USD to 6,234 USD/ton, and the price of December delivery decreased by 12.1 USD to 5,934 USD/ton.
The Brazilian currency depreciated by 5.87% in June against the US dollar, as well as concerns about a decline in Brazilian coffee production, causing roasters to increase purchases and reserves, helping Arabica coffee prices continue to rise despite the peak harvest season.
Brazil’s coffee harvest is also faster than usual, boosting coffee supplies and sending prices lower 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 ahead of the five-year average of 47%.
Information for reference only. Prices may vary by 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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