Coffee price prediction tomorrow December 17, 2024, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, Arabica coffee December 17, 2024.
World coffee prices stagnate
The price of Robusta coffee on the London floor updated at 2:30 p.m. on December 16, 2024 remained unchanged from the previous day, fluctuating between 5,046 - 5,209 USD/ton. Specifically, the delivery period for January 2025 is 5,209 USD/ton; the delivery period for March 2025 is 5,184 USD/ton; the delivery period for May 2025 is 5,126 USD/ton and the delivery period for July 2025 is 5,046 USD/ton.
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| Coffee in Duc Trong district, Lam Dong province. Photo: Le Son |
Similarly, the price of Arabica coffee on the New York floor on December 16, 2024, also remained at a price range of 304.85 - 319.50 cents/lb compared to the previous day. Specifically, the delivery period for March 25 is 319.50 cents/lb; the delivery period for May 25 is 317.05 cents/lb; the delivery period for July 25 is 312.45 cents/lb and the delivery period for September 25 is 304.85 cents/lb.
The price of Brazilian Arabica coffee on December 16, 2024 was also unchanged compared to the previous day, ranging from 388.95 - 396.90 USD/ton; the delivery period for December 24 was 396.90 USD/ton; the delivery period for March 25 was 408.70 USD/ton; the delivery period for May 25 was 395.15 USD/ton and the delivery period for July 25 was 388.95 USD/ton.
Domestic coffee prices drop sharply
In the domestic market, as of 2:00 p.m. today (December 16), the domestic coffee market has decreased sharply by 1,000 VND/kg compared to yesterday, currently fluctuating between 122,500 - 124,200 VND/kg. The average coffee purchase price in the Central Highlands provinces today is 124,100 VND/kg.
Lam Dong is still the province with the lowest coffee purchase price in the Central Highlands region at 122,500 VND/kg. In the same direction, the coffee purchase price in Gia Lai and Dak Lak provinces today is still second on the ranking, listed at 124,000 VND/kg. Meanwhile, Dak Nong still holds the leading position in the Central Highlands and provinces and cities when it has the highest coffee purchase price in the country, at 124,200 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.
Coffee price prediction tomorrow 1 7/12/2024
As predicted by experts yesterday, domestic coffee prices have leveled off and dropped sharply by 1,000 VND/kg.
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| People in Da Lat City harvest and dry coffee beans. Photo: Minh Hau |
According to Ms. Bui Thi Thu Thuy - a long-time coffee buyer in Di Linh district, in recent days, continuous rain in Lam Dong in general and in Di Linh district in particular has not only affected the harvesting process, but also directly affected the processing and preservation of coffee for the people. Moreover, the coffee is showing signs of mold and black beans, seriously affecting the quality of the coffee beans sold.
Ms. Thuy believes that this continues to be the reason why domestic coffee prices tend to decrease tomorrow, December 17, 2024.
Source: https://congthuong.vn/du-doan-gia-ca-phe-ngay-mai-17122024-gia-ca-phe-tiep-tuc-giam-364504.html
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