Coffee prices continue to reach new highs.

Today's coffee prices on the world market, November 26, 2024, 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). The online coffee prices for today from the three main futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, have been continuously updated by Y5 Cafe throughout the trading hours of the exchanges, as follows:

Robusta coffee prices on the London exchange at 4:30 AM on November 26, 2024, continued their upward trend, ranging from $86 to $125 per ton, fluctuating between $4,875 and $5,110 per ton. Specifically, the January 2025 delivery contract was $5,110 per ton (up $125 per ton); the March 2025 delivery contract was $5,036 per ton (up $113 per ton); the May 2025 delivery contract was $4,963 per ton (up $104 per ton); and the July 2025 delivery contract was $4,875 per ton (up $86 per ton).

Arabica coffee prices on the New York exchange on the morning of November 26, 2024, continued to rise compared to the previous trading session, increasing by 2.05 – 2.70 cents/lb, fluctuating between 290.35 – 304.80 cents/lb. Specifically, the March 2025 delivery contract was 304.80 cents/lb (up 2.70 cents/lb); the May 2025 contract was 302.25 cents/lb (up 2.65 cents/lb); the July 2025 contract was 296.30 cents/lb (up 2.40 cents/lb); and the September 2025 contract was 290.35 cents/lb (up 2.05 cents/lb).

Brazilian Arabica coffee prices on the morning of November 26, 2024, showed a slight increase compared to November 25, ranging from $3.15 to $4.60. Specifically, the December 2024 delivery contract was $390.50/ton (up $4.60/ton); the March 2025 contract was $384.50/ton (down $0.15/ton); the May 2025 contract was $375.65/ton (up $3.50/ton); and the July 2025 contract was $367.60/ton (up $3.15/ton).

Domestic coffee prices tomorrow, November 27, 2024

Since Sunday, November 24, 2024, coffee prices on all three exchanges have increased for three consecutive sessions. It is predicted that coffee prices will continue their upward trend until the end of the week, on November 27, 2024.

Coffee prices on international exchanges such as London (Robusta coffee) and New York (Arabica coffee) are at their highest levels in the past five years. This is attributed to a decrease in supply in Brazil due to drought and a decline in global coffee inventories, putting upward pressure on prices.

Domestic coffee prices , updated at 4:30 AM on November 26, 2024, continued their upward trend compared to the previous trading session, with a sharp increase of approximately 1,000 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 112,000 VND/kg.

Specifically, the purchase price of coffee in Gia Lai province is 119,900 VND/kg; the highest purchase price for coffee in Dak Nong and Dak Lak provinces is 120,000 VND/kg.

In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, green coffee beans (green coffee beans, fresh coffee beans) are being purchased at 118,800 VND/kg.

Today's coffee prices (November 26th) in Dak Lak province are as follows: in M'gar district, coffee is being purchased at 120,000 VND/kg, while in Ea H'leo district and Buon Ho market, it is being purchased at 119,900 VND/kg.

Domestic coffee prices are predicted to continue rising tomorrow, November 27, 2024. The increase is expected to range from 900-1000 VND/kg.

The robusta coffee market is also under significant pressure due to scarce supply. Vietnam – the world's largest robusta producer – recorded a 11.6% decrease in exports in October compared to the previous month and an 11.1% decrease compared to the same period last year. Heavy rains in coffee-growing regions have delayed harvesting, while robusta production for the 2023/24 crop year has fallen by 20%, to its lowest level in four years. This has driven robusta prices higher on the world market.

Forecasts for the 2024-2025 crop year indicate global coffee production is estimated at 169.5 million bags, lower than consumption demand of 171 million bags. In Vietnam, supply is facing many challenges. The La Nina phenomenon may appear at the end of the year, affecting the harvest. Notably, farmers are not in a hurry to sell due to stable income from durian and pepper.

Source: https://congthuong.vn/nhan-dinh-ve-gia-ca-phe-ngay-mai-27112024-gia-ca-phe-tiep-tuc-cham-dinh-360981.html