Coffee prices on the world market today, December 13, 2024, have reversed course and risen again compared to yesterday's trading session. The online coffee prices for the three main futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are continuously updated by Y5Cafe throughout the trading hours of the exchanges, as follows:
At the close of trading, Robusta coffee prices on the London exchange at 3:20 AM on December 13, 2024, saw a sharp increase after a previous session's deep decline of 33-55 USD/ton, fluctuating between 5019 and 5194 USD/ton. Specifically, the January 2025 delivery contract was 5194 USD/ton (up 33 USD/ton); the March 2025 delivery contract was 5152 USD/ton (up 51 USD/ton); the May 2025 delivery contract was 5095 USD/ton (up 53 USD/ton); and the July 2025 delivery contract was 5019 USD/ton (up 55 USD/ton).
Similarly, Arabica coffee prices on the New York exchange on the morning of December 13, 2024, also showed a positive trend, with a slight increase compared to the previous contract, ranging from 1.05 to 1.55 cents/lb, fluctuating between 307.60 and 321.25 cents/lb. Specifically, the March 2025 contract was 321.25 cents/lb (up 1.05 cents/lb); the May 2025 contract was 319.00 cents/lb (up 1.20 cents/lb); the July 2025 contract was 314.45 cents/lb (up 1.40 cents/lb); and the September 2025 contract was 307.60 cents/lb (up 1.55 cents/lb).
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| Foreign volunteers experience coffee picking at Moon's Coffee Farm, Pleiku City, Gia Lai Province. Photo: Hien Mai |
At the close of trading on the morning of December 13, 2024, Brazilian Arabica coffee prices showed mixed increases and decreases depending on the contract period, with increases ranging from 1.85 to 4 USD/ton (for the December 2024, May 2025, and July 2025 contracts). Specifically, the December 2024 contract was 402.00 USD/ton (up 4 USD/ton); the May 2025 contract was 397.75 USD/ton (up 1.60 USD/ton); and the July 2025 contract was 391.60 USD/ton (up 1.85 USD/ton). The March 2025 contract, however, was 404.50 USD/ton (down 4.05 USD/ton).
In the domestic market, according to information from Giacaphe.com, the average price of coffee today, December 13, 2024, is 124,100 VND/kg, an increase of 1,000 VND/kg compared to the previous day.
The highest coffee prices recorded in key coffee-growing regions of the Central Highlands ( Dak Lak , Lam Dong, Gia Lai, Dak Nong, Kon Tum) were 124,200 VND/kg. Specifically, today's coffee price in Dak Lak is 124,000 VND/kg, an increase of 1,000 VND compared to yesterday. The price in Lam Dong is 122,700 VND/kg, an increase of 700 VND compared to yesterday's trading price. Meanwhile, the price in Gia Lai today is 124,000 VND/kg, an increase of 1,000 VND compared to yesterday's trading price. The price in Dak Nong today is 124,200 VND/kg, an increase of 1,000 VND compared to yesterday. And today's coffee price in Kon Tum is 123,700 VND/kg, an increase of 700 VND/kg.
The domestic coffee prices listed daily by Giacaphe.com are calculated based on prices from two global coffee exchanges, combined with continuous surveys from businesses and purchasing agents in key coffee-growing regions across the country.
Y5Cafe always strives to closely monitor prices in each region; however, there may be days when the listed price does not perfectly match the local coffee purchase price. Nevertheless, Y5Cafe believes that the listed information is a valuable reference source for farmers.
Coffee price forecast for December 14 , 2024
Traders believe prices will rise in many markets in the coming days, which could slow consumption, especially in developing countries.
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| People drying coffee beans in Lien Dam commune, Di Linh district, Lam Dong province. Photo: Le Son |
According to traders, unseasonal rains have returned to Vietnam, the leading producer of Robusta coffee, potentially further disrupting the harvest and raising new concerns about quality. Robusta and Arabica are, to some extent, interchangeable, so a shortage of one could increase demand for the other.
According to forecasts, world coffee prices on December 14, 2024, following a relatively strong increase on December 13, 2024, are likely to continue rising sharply on the Robusta exchange in London, Arabica exchange in New York, and Arabica exchange in Brazil. Therefore, domestic coffee prices are also predicted to reach 125,000 VND/kg.
Ms. Nguyen Vi Ha, Deputy Director of Nong Nguyen Co., Ltd., a company specializing in purchasing coffee in Di Linh town, Lam Dong province, said that people are hesitant to take profits, coupled with the complicated weather in Lam Dong due to heavy rains that show no signs of stopping, which has seriously affected the harvesting and drying of coffee. This has led to anxiety for both farmers and purchasing businesses due to concerns about the quality of the coffee not meeting requirements.
"It is very likely that there will be a localized shortage of coffee in the next day or two, leading to businesses not having goods to export. Therefore, I predict that the price of coffee tomorrow, December 14, 2024, will continue to rise, but the extent of the increase is very difficult to predict," said Ms. Nguyen Vi Ha.
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