Robusta coffee prices hit another record high

November is the peak harvest season for Vietnamese Robusta coffee, but the price of coffee delivered in this period has reached a peak of more than 5,000 USD/ton.

In the trading session of Robusta coffee on the London (UK) floor on September 12 (local time), the price of Robusta coffee for November delivery reached an average of 5,077 USD/ton, an increase of 69 USD/ton compared to the previous day; the highest price recorded was 5,115 USD/ton, an increase of 107 USD/ton.

At the delivery date of January 2025, Robusta coffee price also reached a quite high level, 4,816 USD/ton.

Currently, the local price of raw coffee is at 125,000 - 130,000 VND/kg, relatively stable in recent times. Compared to the "peak" price at the end of April, the domestic coffee price is still 5,000 - 10,000 VND/kg lower.

According to some farmers and businesses, currently in the Central Highlands, rain appears frequently, even heavy to very heavy rain in some places; in addition, weather reports also predict that rain may last throughout September.

Heavy rains have delayed the ripening of coffee beans and hampered harvesting, which could mean the coffee harvest could start later than usual in early October.

Similar to Vietnam, in the coffee growing region in India, rainfall is also increasing compared to the average of many years. The Robusta coffee harvest in this country will begin around November this year. Due to the impact of drought at the beginning of this year, output is expected to decrease by about 5-7% to about 360,000 tons.

According to VTV

Source: https://doanhnghiepvn.vn/kinh-te/gia-ca-phe-robusta-lai-lap-ky-luc/20240913125241190