Today's coffee prices, December 6th, 2024, on the world market, at 4:30 AM, were updated on the Vietnam Commodity Exchange (MXV) (world coffee prices are continuously updated by MXV, matching those of exchanges worldwide; it is the only channel in Vietnam that continuously updates prices linked to exchanges around the world). 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 of the exchanges, as follows:
At the close of trading, Robusta coffee prices on the London exchange at 4:30 AM on December 6, 2024, continued to rise, increasing by $122-$129 per ton, fluctuating between $4,651 and $4,907 per ton. Specifically, the January 2025 delivery contract was $4,895 per ton (up $125 per ton); the March 2025 delivery contract was $4,873 per ton (up $122 per ton); the May 2025 delivery contract was $4,827 per ton (down $125 per ton); and the July 2025 delivery contract was $4,767 per ton (up $129 per ton).
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| Coffee prices are forecast to continue rising tomorrow, December 7, 2024. |
Similar to the London exchange, Arabica coffee prices on the New York exchange also increased on the morning of December 6, 2024, rising by 8.90 – 9.80 cents/lb, fluctuating between 291.95 – 315.65 cents/lb. Specifically, the March 2025 delivery contract was 313.50 cents/lb (up 9.80 cents/lb); the May 2025 contract was 311.30 cents/lb (up 9.55 cents/lb); the July 2025 contract was 306.55 cents/lb (up 9.30 cents/lb); and the September 2025 contract was 301.10 cents/lb (up 8.90 cents/lb).
At the close of trading on the morning of December 6, 2024, Brazilian Arabica coffee prices were predominantly green, with strong increases ranging from $4.20 to $12.95 per ton depending on the delivery period. Specifically, the December 2024 delivery contract was $390.10 per ton (up $12.95 per ton); the March 2025 contract was $398.00 per ton (up $4.20 per ton); the May 2025 contract was $387.60 per ton (up $12.65 per ton); and the July 2025 contract was $381.15 per ton (up $12.30 per ton).
Domestic coffee prices, updated at 4:30 AM on December 6, 2024, are as follows: Coffee prices rebounded compared to the previous trading session, increasing by approximately 6,300 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 114,500 VND/kg.
Specifically, the purchase price of coffee in Gia Lai province is 114,300 VND/kg; the purchase price of coffee in Dak Nong province is 114,700 VND/kg, and Dak Lak has the highest price at 114,500 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 114,500 VND/kg.
Coffee prices today (December 6th) in Dak Lak province: In Cu M'gar district, coffee was purchased at 114,500 VND/kg, while in Ea H'leo district and Buon Ho town, it was purchased at 114,300 VND/kg.
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| According to experts, domestic and international coffee prices will continue to rise sharply. Photo: Hoang Thien Nga. |
According to experts, the increase in coffee prices is due to several factors. One reason is that coffee is a long-term commodity, so farmers shouldn't worry too much about sales, especially with the current price fluctuations. Many farmers want to hold onto their stock for longer to profit from the rising prices.
In addition, experts also believe that the limited supply of coffee will lead coffee speculators to hoard goods, waiting for prices to rise in order to make a profit.
According to statistics from the Vietnam Coffee and Cocoa Association, Vietnam's coffee and cocoa exports decreased in November. The reason given is that the harvest was delayed, and farmers were not in a hurry to bring their produce to market, resulting in limited supply and consequently higher coffee prices.
Accordingly, in November, businesses exported 50,605 tons of green coffee beans, earning $250.4 million at an average price of $4,947 per ton. Compared to the same period last year, coffee exports decreased by 47.4% in volume and 0.5% in value.
