Coffee prices continue to decline slightly.

Coffee prices fluctuate unpredictably.

Today's online coffee prices (December 12, 2024) from the three main coffee futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are continuously updated by Y5 Cafe throughout the trading hours of the exchanges, as follows:

At the close of trading, Robusta coffee prices on the London exchange at 4:30 PM on December 12, 2024, experienced a sharp decline after two consecutive days of gains earlier in the week, falling by $107-$132 per ton, fluctuating between $4964 and $5161 per ton. Specifically, the January 2025 delivery contract was $5161 per ton (down $107 per ton); the March 2025 delivery contract was $5101 per ton (down $131 per ton); the May 2025 delivery contract was $5042 per ton (down $135 per ton); and the July 2025 delivery contract was $4964 per ton (down $132 per ton).

Mr. Dinh Cong Nhung, residing in Ia Kha town, Ia Grai district, Gia Lai province, is busy harvesting coffee. Photo: Hien Mai

Similarly, Arabica coffee prices on the New York exchange on the morning of December 12, 2024, also fell sharply compared to the previous trading contract, decreasing by 12.70-13.95 cents/lb, fluctuating between 306.05 and 320.20 cents/lb. Specifically, the March 2025 delivery contract was 320.20 cents/lb (down 13.95 cents/lb); the May 2025 delivery contract was 317.80 cents/lb (down 13.75 cents/lb); the July 2025 delivery contract was 313.05 cents/lb (down 13.35 cents/lb); and the September 2025 delivery contract was 306.05 cents/lb (down 12.70 cents/lb).

At the close of trading on the morning of December 12, 2024, Brazilian Arabica coffee prices also saw significant decreases across all contract periods, ranging from $0.40 to $15.45 per ton depending on the delivery timeframe. Specifically, the December 2024 contract was $401.00 per ton (down $15.45 per ton); the March 2025 contract was $406.10 per ton (down $0.40 per ton); the May 2025 contract was $396.15 per ton (down $18.20 per ton); and the July 2025 contract was $389.75 per ton (down $12.15 per ton).

Robusta coffee traded on the ICE Futures Europe exchange (London exchange) opens at 4:00 PM and closes at 12:30 AM (the next day), Vietnam time. Arabica coffee traded on the ICE Futures US exchange (New York exchange) opens at 4:15 PM and closes at 1:30 AM (the next day), Vietnam time. Arabica coffee traded on the B3 Brazil exchange opens from 7:00 PM to 2:35 AM (the next day), Vietnam time.

In the domestic market, according to information from Giacaphe.com, today's coffee price in Dak Lak is 123,000 VND/kg, down 1,700 VND compared to yesterday. Meanwhile, the price in Lam Dong is 122,500 VND/kg, down 2,000 VND compared to yesterday's trading price. The price in Gia Lai today is 123,000 VND/kg, down 1,700 VND compared to yesterday's trading price. The price in Dak Nong today is 123,200 VND/kg, down 1,700 VND compared to yesterday. And today's coffee price in Kon Tum province is 123,000 VND/kg.

Among the coffee-growing regions in the Central Highlands, Lam Dong province still has the lowest coffee purchase price. Dak Lak and Gia Lai provinces lead the list. The sudden drop in coffee prices has left farmers and businesses bewildered. Domestically, the average coffee price has fallen by 1,700-2,000 VND/kg.

Coffee price forecast for December 13, 2024

According to forecasts, world coffee prices on December 13, 2024 will continue to fall on the Robusta exchange in London, Arabica exchange in New York, and Arabica exchange in Brazil. Domestic coffee prices are also predicted to decrease slightly, fluctuating between 500-800 VND/kg.

Coffee beans ripen in abundance in the gardens of residents in Lien Hiep commune, Duc Trong district, Lam Dong province. Photo: Le Son.

Experts believe the main reason for this price drop is that the coffee harvest in the Central Highlands provinces is currently in full swing. In addition, bad weather, transportation disruptions, and a tightening legal environment in many countries are also contributing to fluctuations in world coffee prices.

Speaking to reporters, Ms. Tran Thi Huong, a long-time coffee buyer in Bao Loc City, Lam Dong Province, said: “As of 4:00 PM on December 12, 2024, the coffee purchase price in Bao Loc City market was 122,500 VND/kg. It is predicted that the coffee price on December 13, 2024 will continue to fall for the second consecutive day, decreasing by approximately 500-1,000 VND/kg. The main reasons are farmers selling to take profits, along with the fact that the Central Highlands provinces are entering the peak coffee harvest season, leading to increased coffee production.”

Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-13122024-gia-ca-phe-tiep-tuc-giam-nhe-363964.html