Coffee prices are rising without end.

Coffee price forecast for September 16, 2024: Domestic prices remain high. The Import-Export Department predicts that coffee prices will continue to stay high next month due to reduced supply and increased demand. Coffee production in Vietnam for the 2024/25 crop year is expected to decline sharply, reaching its lowest level in 13 years.

Meanwhile, mainstream coffee consumer markets in the Northern Hemisphere are gradually recovering from the summer holidays, which will contribute to some physical coffee trading activity in the coming months ahead of the winter roasting season in Europe and the United States.

Coffee price forecast September 16th: Coffee prices are rising without end.

Domestic coffee prices, updated at 4:30 AM on September 15, 2024, are as follows: The domestic coffee market today increased by 2,000 VND/kg, ranging from 123,500 to 124,000 VND. Currently, the average purchase price in the Central Highlands provinces is 123,600 VND/kg, with the highest purchase price in Dak Nong and Dak Lak provinces at 124,000 VND/kg.

Specifically, the purchase price of coffee in Gia Lai province (Chu Prong) is 123,900 VND/kg, an increase of 2,000 VND/kg 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, an increase of 2,000 VND/kg compared to yesterday; in Dak Nong province, coffee is purchased at 124,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday.

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 being purchased at 123,500 VND/kg, an increase of 2,000 VND/kg compared to yesterday.

Today's coffee prices (September 15th) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at approximately 124,000 VND/kg, an increase of 2,000 VND/kg; while in Ea H'leo district and Buon Ho town, it is being purchased at 123,900 VND/kg.

According to the latest update on world coffee prices at 9:00 PM on September 15, 2024 (Vietnam time) on the London exchange, the price of Robusta coffee futures contract for September 2024 delivery on the London exchange was 5,267 USD/ton, an increase of 190 USD compared to the beginning of the trading session.

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Coffee prices today, September 15, 2024: Robusta coffee prices on the London exchange. (Image: Screenshot from giacaphe.com)

The November 2024 delivery price was $4,998/ton, up $182; the January 2025 delivery price was $4,790/ton, up $180; and the March 2025 delivery price was $4,658/ton, up $173.

Coffee prices today, September 15, 2024: New York Arabica coffee prices (Image: Screenshot from giacaphe.com)

Specifically, the price of Arabica coffee on the New York exchange today, at 9:00 PM on September 15, 2024, increased across all contract periods, fluctuating between 250.95 and 259.45 cents/lb.

Specifically, the December 2024 delivery contract was 259.45 cents/lb, up 10.05 cents/lb from the start of the session. The March 2025 contract was 256.60 cents/lb, up 9.60 cents/lb; the May 2025 contract was 253.95 cents/lb, up 9.35 cents/lb; and the July 2025 contract was 250.95 cents/lb, up 9.20 cents/lb.

Coffee prices today, September 15, 2024: Brazilian Arabica coffee prices. (Image: Screenshot from giacaphe.com)

Brazilian Arabica coffee prices today, at 8:30 PM on September 15, 2024, showed mixed movements. Specifically, the September 2024 delivery contract was $316.95/ton, up 4.38%; the December 2024 contract was $305.40/ton, down 0.59%; the March 2025 contract was $310.80/ton, up 3.08%; and the May 2025 contract was $311.70/ton, up 4.13%.

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 on the ICE Futures US (New York exchange) opens at 4:15 PM and closes at 1:30 AM (the next day), Vietnam time.

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Mr. Le Duc Huy – General Director of Simexco DakLak – informed that currently, it is estimated that 100% of coffee production will continue to decrease, and there is no more inventory carried over from this year's harvest to next year. Therefore, the available supply to the market remains limited. From now until the end of this harvest season, supplies will be scarce. The new harvest will require a significant number of roasters to purchase Robusta coffee, leading to continued market difficulties. “This year, the shortage started in May, and next year, the shortage is expected to occur earlier, possibly from March,” Mr. Le Duc Huy shared.

According to Mr. Le Duc Huy, Brazil is experiencing frost, which is affecting coffee production. He also stated that it is difficult to make predictions about prices because the current market is fraught with factors beyond just supply and demand; it also includes financial issues, wars, and crises. All of these are possible scenarios. However, if we consider only supply and demand, prices may not fall and could remain high.

*This information is for reference only; prices may vary depending on the region and location.

Source: https://congthuong.vn/du-bao-gia-ca-phe-169-gia-ca-phe-tang-khong-biet-diem-dung-346077.html