World coffee prices turn down sharply
Coffee prices today January 9, 2025 on the world market, at 4:30 am 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).
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| Lam Dong people harvest coffee. Photo: Cam Thao |
Coffee prices at 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 as follows:
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| Robusta Coffee Price London January 9, 2025 |
At the end of the trading session, the price of Robusta coffee on the London floor updated at 4:30 a.m. on January 9, 2025 decreased sharply compared to yesterday's trading session from 40 - 63 USD/ton, fluctuating at 4709 - 4956 USD/ton. Specifically, the delivery period for March 2025 is 4956 USD/ton (down 63 USD/ton); the delivery period for May 2025 is 4877 USD/ton (down 53 USD/ton); the delivery period for July 2025 is 4795 USD/ton (down 44 USD/ton) and the delivery period for September 2025 is 4709 USD/ton (down 40 USD/ton).
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| New York Arabica Coffee Price January 9, 2025 |
Similarly, the price of Arabica coffee on the New York floor in the early morning of January 9, 2025, also had a sharp decrease from 4.05 - 4.50 cents/lb, fluctuating from 301.60 - 316.45 cents/lb. Specifically, the delivery period for March 2025 is 316.45 cents/lb (down 4.05 cents/lb); the delivery period for May 2025 is 313.00 cents/lb (down 4.30 cents/lb); the delivery period for July 2025 is 307.95 cents/lb (down 4.45 cents/lb) and the delivery period for September 2025 is 301.60 cents/lb (down 4.50 cents/lb).
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| Brazilian Arabica Coffee Price January 9, 2025 |
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of January 9, 2025 was updated as follows: Compared to the previous trading session, most of them also had an uneven decrease from 0.20 - 5.90 USD/ton, ranging from 373.10 - 395.50 USD/ton. Specifically, the delivery period in May 2025 is 395.50 USD/ton (down 0.95 USD/ton); the delivery period in July 2025 is 382.90 USD/ton (down 5.90 USD/ton); the delivery period in September 2025 is 373.10 USD/ton (down 0.20 USD/ton). Particularly, the delivery period in March 2025 is 400.10 USD/ton (up 2.80 USD/ton).
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 traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day) Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 – 02:35 (next day) Vietnam time.
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| Laba specialty coffee of Seed Coffee Company Limited. Photo: Cam Thao |
Domestic coffee prices increase continuously
According to information from Giacaphe.com, at 4:30 a.m. today, January 9, 2025, domestic coffee prices increased for the third consecutive session of the week, maintaining an average of 121,300 VND/kg, an increase of +400 VND/kg.
The highest coffee purchase price in key regions of the Central Highlands was recorded at 121,500 VND/kg. Specifically, today's coffee price in Dak Lak is 121,300 VND/kg, up +300 VND/kg; coffee price in Lam Dong is 120,500 VND/kg, up +200 VND/kg; coffee price in Gia Lai is 121,200 VND/kg, up +400 VND/kg and coffee price in Dak Nong today is 121,500 VND/kg, up +500 VND/kg.
The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.
Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for you.
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| Domestic coffee price list updated at 4:30 a.m. on January 9, 2025 |
Coffee is not only a popular beverage but also an essential and popular commodity worldwide. The popularity of coffee has made the price of this commodity hotter than ever, affected by many economic and environmental factors.
According to experts, coffee is grown mainly in a few countries, but consumption occurs globally. This creates a close connection between coffee markets and price fluctuations. In particular, coffee prices are often affected by macroeconomic factors, including fluctuations in the US dollar.
Coffee is traded mainly in USD on two major exchanges, London and New York. Therefore, fluctuations in the USD and the interest rate of the US Federal Reserve (FED) have a direct impact on coffee prices. When the FED interest rate is low, the financial cost for investors decreases, encouraging them to participate in coffee trading. Conversely, when interest rates increase, investors often choose to "probe" and wait for the right opportunity.
Coffee prices have been volatile in recent times. Drought conditions in Brazil had raised concerns about a severe crop failure, leading to higher coffee prices. However, recent widespread rains in Brazil and other parts of South America have revised down crop forecasts. This situation is likely to help stabilize coffee prices and prevent them from rising as sharply as before.
However, the coffee market remains volatile due to the influence of many different factors. Closely monitoring factors such as fluctuations in the US dollar, interest rates and weather conditions is necessary to have a comprehensive view of future coffee price developments.
Source: https://congthuong.vn/gia-ca-phe-the-gioi-hom-nay-912025-quay-dau-giam-manh-368648.html
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