World coffee prices remain stable
The price of Robusta coffee on the London floor, updated at 3:30 p.m. on December 22, 2024, remained stable compared to yesterday, fluctuating between 4,849 and 5,011 USD/ton. Specifically, the delivery period for January 2025 is 5,011 USD/ton; the delivery period for March 2025 is 5,002 USD/ton; the delivery period for May 2025 is 4,934 USD/ton and the delivery period for July 2025 is 4,849 USD/ton.
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| People in Pleiku City, Gia Lai Province harvest organic coffee. Photo: Hien Mai |
Similarly, the price of Arabica coffee on the New York floor also remained stable at 302.75 - 325.00 cents/lb. Specifically, the delivery period for March 2025 is 325.00 cents/lb; the delivery period for May 2025 is 319.30 cents/lb; the delivery period for July 2025 is 311.65 cents/lb and the delivery period for September 2025 is 302.75 cents/lb.
The price of Brazilian Arabica coffee was updated at 3:30 p.m. on December 22, 2024 as follows: The delivery period for December 2024 is not traded; the delivery period for March 2025 is 406.45 USD/ton; the delivery period for May 2025 is 398.10 USD/ton; the delivery period for July 2025 is 387.85 USD/ton.
Domestic coffee prices stagnate
According to information from Giacaphe.com, updated coffee prices at 3:30 p.m. today, December 22, 2024, the average domestic coffee price is at 121,100 VND/kg.
The highest coffee purchase price in the key regions of the Central Highlands is still recorded at 121,300 VND/kg. Specifically, the coffee price in Dak Lak today is 121,000 VND/kg, the coffee price in Lam Dong is 120,500 VND/kg. Meanwhile, the coffee price in Gia Lai today is 121,000 VND/kg. The coffee price in Dak Nong today is 121,300 VND/kg.
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| Coffee garden laden with fruit in Lien Hiep commune, Duc Trong district, Lam Dong province. Photo: Le Son |
The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.
Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for farmers and coffee purchasing businesses.
Coffee price prediction tomorrow 12/23/2024
Domestic coffee prices on December 22, 2024 ranged from 120,500 - 121,300 VND/kg, down 3,000 - 4,000 VND/kg compared to last week. In the world market, robusta coffee prices continued to decrease, while arabica tended to increase slightly.
Weather forecasts in major coffee growing regions such as the Central Highlands (Vietnam) and Minas Gerais, São Paulo (Brazil) show heavy rains, which could affect coffee harvest and quality.
In addition, the strong increase in domestic coffee consumption, forecast to reach 270,000 - 300,000 tons, combined with low production output, may affect export supply. However, according to forecasts, coffee prices may increase again in the near future.
Combining the above factors, it is forecasted that coffee prices on December 23, 2024 may increase slightly, but will still be affected by market fluctuations and weather conditions.
Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-23122024-gia-ca-phe-phuc-hoi-365606.html
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