Coffee prices increased by 2,000 VND/kg.

Updated coffee prices today, December 11, 2024: online coffee prices, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, green coffee beans, Arabica coffee, December 11, 2024.

Today's coffee price on December 10, 2024, at 4:30 AM on the world market, was 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).

People harvesting coffee in Lien Hiep Commune, Duc Trong District, Lam Dong Province.

Today's online coffee prices from the three main coffee futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are continuously updated by Y5 Cafe throughout the trading hours of the exchanges, as follows:

London Robusta coffee prices on December 11, 2024

At the close of trading, Robusta coffee prices on the London exchange at 4:30 AM on December 11, 2024, continued their second consecutive day of gains after a slight decline earlier in the week, rising by $22-$56 per ton, fluctuating between $5,096 and $5,268 per ton. Specifically, the January 2025 delivery contract was $5,268 per ton (up $22 per ton); the March 2025 delivery contract was $5,232 per ton (up $32 per ton); the May 2025 delivery contract was $5,177 per ton (up $37 per ton); and the July 2025 delivery contract was $5,096 per ton (up $56 per ton).

New York Arabica coffee prices on December 11, 2024

Similarly, Arabica coffee prices on the New York exchange on the morning of December 11, 2024, increased compared to the previous contract, rising by 4.05-4.40 cents/lb, fluctuating between 318.75 and 334.15 cents/lb. Specifically, the March 2025 contract was 334.15 cents/lb (up 4.05 cents/lb); the May 2025 contract was 331.55 cents/lb (up 3.90 cents/lb); the July 2025 contract was 326.40 cents/lb (up 4.15 cents/lb); and the September 2025 contract was 318.75 cents/lb (up 4.40 cents/lb).

Brazilian Arabica coffee prices on December 11, 2024

At the close of trading on the morning of December 11, 2024, Brazilian Arabica coffee prices also saw significant increases across all contract periods, ranging from $5.50 to $14 per ton depending on the delivery timeframe. Specifically, the December 2024 contract was $426.00 per ton (up $14 per ton); the March 2025 contract was $419.50 per ton (up $1.70 per ton); the May 2025 contract was $415.00 per ton (up $5.80 per ton); and the July 2025 contract was $407.40 per ton (up $5.50 per ton).

Robusta coffee traded on the ICE Futures Europe exchange (London exchange) opens at 4:00 PM and closes at 12:30 AM (the next day), Vietnam time. Arabica coffee traded on the ICE Futures US exchange (New York exchange) opens at 4:15 PM and closes at 1:30 AM (the next day), Vietnam time. Arabica coffee traded on the B3 Brazil exchange opens from 7:00 PM to 2:35 AM (the next day), Vietnam time.

International tourists experience coffee picking at Moon's Coffee Farm, Pleiku City, Gia Lai Province.

Domestic coffee prices continued their upward trend for the third consecutive session this week. Specifically, as of 4:30 AM on December 11, 2024, domestic coffee prices increased by 2,000 VND/kg. The current average purchase price for coffee in the Central Highlands provinces is 124,000 VND/kg.

The purchase price of coffee in Gia Lai province is 124,000 VND/kg; the purchase price of coffee in Dak Nong province is 124,000 VND/kg, and Dak Lak has the highest price at 124,000 VND/kg; the price of green coffee beans (fresh coffee beans) in Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, is 123,500 VND/kg.

Today's coffee prices (December 11th) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at 124,000 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same price of 123,900 VND/kg.

Domestic coffee price list as of December 11, 2024

According to Reuters, despite being in the peak harvest season, domestic coffee prices in Vietnam are still rising due to high demand and limited supply. In the two months since the new harvest began, farmers in the Central Highlands have only harvested about 20% of the coffee crop.

According to the Vietnam Coffee and Cocoa Association, Vietnam exports coffee to more than 80 countries; of which 10 markets have export turnover exceeding 100 million USD. The European Union (EU) continues to be Vietnam's largest coffee export market in the 2023-2024 crop year, with a value of 2 billion USD, an increase of 41% compared to the previous crop year, accounting for 38% of the volume and 37% of the value of Vietnam's coffee exports.

Regarding coffee prices, according to the Vietnam Coffee and Cocoa Association, in the early days of December 2024, coffee prices increased on both global exchanges.

Analyzing current global and domestic coffee prices, experts believe that the sharp increase in coffee prices is due to increasingly limited supply and rising demand. Several major coffee exporting countries, such as Vietnam and Brazil, have been affected by drought.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-11122024-gia-ca-phe-tang-2000-dongkg-363603.html