Coffee prices will continue to fluctuate strongly.

World coffee prices in the early morning of September 16, 2024, at 4:20 am, were updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).

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:

Coffee price today September 16, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

At the end of the trading session, the price of Robusta coffee on the London floor on September 16, 2024 at 5:30 a.m. increased by 4,658 - 5,267 tons. Specifically, the delivery period for November 2024 is 5,267 USD/ton, an increase of 190 USD/ton); the delivery period for January 2025 is 4,998 USD/ton (an increase of 182 USD/ton); the delivery period for March 2025 is 4,790 USD/ton (an increase of 180 USD/ton) and the delivery period for May 2025 is 4,658 USD/ton (an increase of 173 USD/ton).

Coffee price today 9/16/24: New York Arabica coffee price (Photo: Screenshot giacaphe.com

Arabica coffee prices on the New York floor on the morning of September 16, 2024 were dominated by green, with an increase of 9.20 - 10.05 cents/lb. Specifically, the December 2024 delivery period was 259.45 cents/lb, up 4.03%; the March 2025 delivery period was 256.60 cents/lb (up 3.89%); the May 2025 delivery period was 253.95 cents/lb (up 3.82%) and the July 2025 delivery period was 250.95, up 3.81%.

Coffee price today September 16, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com)

The price of Brazilian Arabica coffee on the morning of September 16, 2024 increased and decreased in opposite directions. Specifically, the delivery period for September 2024 was 316.95 USD/ton, up 4.38%; the delivery period for December 2024 was 305.40 USD/ton (down 0.59%); the delivery period for March 2025 was 310.80 USD/ton, up 3.08% and the delivery period for May 2025 was 311.70 USD/ton, up 4.13%.

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 (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.

For Arabica coffee traded on the B3 Brazil exchange, it will be open from 19:00 – 02:35 (next day), Vietnam time.

Coffee prices today September 16, 2024: Coffee prices will continue to fluctuate strongly. Photo: Reuters

Domestic coffee prices were updated at 4:30 a.m. on September 16, 2024 as follows: Today's domestic coffee market is in the range of 123,500 - 124,000. Currently, the average purchase price in the Central Highlands provinces is 123,600 VND/kg, the highest purchase price in Dak Nong and Dak Lak provinces is 124,000 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 123,900 VND, remaining unchanged compared to yesterday, in Pleiku and La Grai the price is 123,800 VND/kg. In Kon Tum province, the price is 123,900 VND/kg, stable compared to yesterday; In Dak Nong province, the coffee purchase price is 124,000 VND/kg, stagnant compared to yesterday.

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 123,500 VND/kg, unchanged compared to yesterday.

Coffee prices today (September 16) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 124,000 VND/kg with no fluctuations, and in Ea H'leo district, Buon Ho town, it is purchased at 123,900 VND/kg.

In fact, about half a month ago, when the winter in Brazil was entering its final stages, many people did not believe that Robusta coffee prices would rise above $5,000/ton. But now that has happened, and not only that, Robusta coffee prices are well above $5,000/ton.

Still with the news of the current unfavorable weather in Brazil due to lack of rain in recent times leading to very low soil moisture, people are worried that both types of coffee trees will lack the strength to flower for next year's crop in the context of global coffee shortage.

Certified graded Arabica coffee held on the New York Mercantile Exchange rose 3,580 bags to 858,474 bags last Thursday.

The price difference between Robusta November and Arabica December after converting to Cent/Pound narrowed at the end of the week, recording Robusta only 19.11 cents/pound lower than Arabica. Very good price for Robusta.

Brazilian coffee growers continued to slow their sales, after accelerating trade flows in the past month, taking advantage of favorable prices. The SAFRAS survey showed that, as of September 10, coffee growers had sold about 54% of Brazil’s 2024/25 coffee crop. This represents an increase of 14 percentage points compared to the previous month. The good sales progress has brought trade flows above the level of the same period last year, which was at 50% of the crop sold, which is also the average of the past five years from 2019 to 2023.

Arabica sales accounted for 48% of production, slightly higher than the same period last year (47%) but still below the average sales over the past five years of around 52%. The prolonged high market prices, coupled with doubts about Brazil’s next crop, have put a damper on sales. In fact, this price scenario has given growers a lot of comfort in continuing their slow-moving business strategy. Unless prices fall significantly, they will not change their stance.

Conillon/Robusta trading has surged and now accounts for 66% of production at the start of September. As a result, current sales have exceeded the same period last year (57%) and the five-year average (56%). The lower than initially expected crop amid extremely high prices, driven by aggressive exporters, explains the strong acceleration in sales of Brazilian conillon/robusta. The market remains export-focused, with the domestic industry limiting its conillon purchases and increasing Arabica in its roasting blends.

In the Robusta market, the amount of coffee exported from Vietnam decreased by 12.1% in the first 8 months of the year, continuing to put pressure on the price of this commodity. In Vietnam, currently, the coffee area cannot be expanded due to fierce competition with products such as durian and pepper, so people in the Central Highlands are promoting replanting to improve productivity.

According to experts, world coffee prices will continue to fluctuate strongly from now until the end of 2024 due to bad weather, transportation disruptions, and a tightening regulatory environment in many countries. Some experts predict that tensions will ease in 2025, but prices will still tend to increase in the long term due to climate change and many other factors.

Coffee price list today 9/16/2024