World coffee prices have seen a slight increase.
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).
At the close of trading on December 10, 2024, Robusta coffee prices on the London exchange at 4:30 PM showed a slight increase compared to the previous day's trading session, ranging from 40 to 93 USD/ton, fluctuating between 5,040 and 5,246 USD/ton. Specifically, the January 2025 delivery contract was 5,246 USD/ton (up 93 USD/ton); the March 2025 delivery contract was 5,200 USD/ton (up 84 USD/ton); the May 2025 delivery contract was 5,140 USD/ton (up 75 USD/ton); and the July 2025 delivery contract was 5,040 USD/ton (up 40 USD/ton).
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| World coffee prices on December 11, 2024 are forecast to trend slightly downward. |
Arabica coffee prices on the New York exchange on the morning of December 10, 2024, fluctuated depending on the contract term, with increases and decreases ranging from 0.05 to 0.20 cents/lb, fluctuating between 314.35 and 330.10 cents/lb. Specifically, the March 2025 contract was 330.10 cents/lb (down 0.15 cents/lb); the May 2025 contract was 327.65 cents/lb (up 0.05 cents/lb); the July 2025 contract was 322.25 cents/lb (up 0.30 cents/lb); and the September 2025 contract was 314.35 cents/lb (up 0.20 cents/lb).
At the close of trading on the morning of December 10, 2024, Brazilian Arabica coffee prices fluctuated depending on the contract period, with increases and decreases ranging from 0.05 to 1.10 USD/ton. Specifically, the December 2024 contract was 412.00 USD/ton (up 0.25 USD/ton); the March 2025 contract was 412.50 USD/ton (up 1.10 USD/ton); the May 2025 contract was 409.20 USD/ton (up 0.05 USD/ton); and the July 2025 contract was 401.90 USD/ton (up 0.40 USD/ton).
Domestic coffee prices have turned around and are slightly lower.
Meanwhile, domestic coffee prices reversed course today. Specifically, as of 4:30 AM on December 10, 2024, domestic coffee prices have decreased by 2,000 VND/kg. The current average coffee purchase price in the Central Highlands provinces is 122,000 VND/kg.
The purchase price of coffee in Gia Lai province is 122,000 VND/kg; the purchase price of coffee in Dak Nong province is 122,000 VND/kg, and Dak Lak province has the highest price at 122,000 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 121,000 VND/kg.
Today's coffee prices (December 10th) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at 122,000 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same price of 121,900 VND/kg.
Coffee price forecast for tomorrow, December 11, 2024
According to forecasts, world coffee prices tomorrow, December 11, 2024, will see a slight decrease in Robusta coffee prices on the London exchange compared to December 10. Simultaneously, Arabica coffee prices on the New York exchange are also expected to decrease slightly.
Meanwhile, domestic coffee prices are forecast to rise again on December 11, 2024, with an increase ranging from 1,500 to 2,000 VND/kg.
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| Domestic coffee prices are forecast to rebound tomorrow, December 11, 2024, after falling earlier this week. |
Furthermore, experts also believe that the global coffee market trend remains one of low supply compared to ever-increasing consumer demand. Moreover, the harvest in many areas is not yet at its peak, only reaching about 30%, and farmers are not under economic pressure, so the recent price drop did not lead to a panic selling. Therefore, when the world market recovered, domestic prices rose sharply again.
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.
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