Coffee prices continue to fall slightly

Coffee prices increase and decrease unpredictably

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

At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 12, 2024 had a sharp decrease after 2 sessions of increase at the beginning of the week, the decrease was from 107-132 USD/ton, fluctuating from 4964 - 5161 USD/ton. Specifically, the delivery period for January 2025 was 5161 USD/ton (down 107 USD/ton); the delivery period for March 2025 was 5101 USD/ton (down 131 USD/ton); the delivery period for May 2025 was 5042 USD/ton (down 135 USD/ton) and the delivery period for July 2025 was 4964 USD/ton (down 132 USD/ton).

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

Similarly, the price of Arabica coffee on the New York floor on the morning of December 12, 2024, also decreased sharply compared to the previous trading period, the decrease was from 12.70 - 13.95 cents/lb, fluctuating from 306/05 - 320.20 cents/lb. Specifically, the delivery period for March 2025 is 320.20 cents/lb (down 13.95 cents/lb); the delivery period for May 2025 is 317.80 cents/lb (down 13.75 cents/lb); the delivery period for July 2025 is 313.05 cents/lb (down 13.35 cents/lb) and the delivery period for September 2025 is 306.05 cents/lb (down 12.70 cents/lb).

At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 12, 2024 also decreased significantly in all futures, the decrease ranged from 0.40 - 15.45 USD/ton depending on the delivery terms. Specifically, the delivery term for December 2024 was 401.00 USD/ton (down 15.45 USD/ton); the delivery term for March 2025 was 406.10 USD/ton (down 0.40 USD/ton); the delivery term for May 2025 was 396.15 USD/ton (down 18.20 USD/ton) and the delivery term for July 2025 was 389.75 USD/ton (down 12.15 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.

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 coffee price in Lam Dong is 122,500 VND/kg, down 2,000 VND compared to yesterday's transaction price. The coffee price in Gia Lai today is 123,000 VND/kg, down 1,700 VND compared to yesterday's transaction price. The coffee price in Dak Nong today is 123,200 VND/kg, down 1,700 VND compared to yesterday. Meanwhile, the coffee price in Kon Tum province is purchased at 123,000 VND/kg.

Among the coffee growing regions in the Central Highlands, Lam Dong is still the province with the lowest coffee purchasing price. The leading provinces are Dak Lak and Gia Lai. The sudden turnaround in coffee prices has left people and businesses feeling confused. Domestically, the average coffee price has dropped by VND1,700 - 2,000/kg.

Coffee price forecast December 13, 2024

According to forecasts, world coffee prices on December 13, 2024 will continue to decrease on the Robusta exchanges in London, Arabica in New York, and Arabica Brazil. Domestic coffee prices are also forecast to decrease slightly, ranging from 500-800 VND/kg.

Ripe coffee in the garden of people in Lien Hiep commune, Duc Trong district, Lam Dong province. Photo: Le Son

Experts say the main reason for this price drop is that the coffee harvest in the Central Highlands provinces is entering its main stage. In addition, bad weather, disruptions in transportation, and a tightening legal environment in many countries have also contributed to fluctuations in world coffee prices.

Speaking to reporters, Ms. Tran Thi Huong - Owner of a coffee purchasing household for many years in Bao Loc City, Lam Dong Province, said: "As of 4:00 p.m. on December 12, 2024, the coffee purchasing price in Bao Loc City market was 122,500 VND/kg. It is forecasted that the coffee price on December 13, 2024 will continue to decrease for the second consecutive session, decreasing by about 500 - 1,000 VND/kg. The main reason is that people are selling to take profit, along with the fact that the Central Highlands provinces are entering the peak coffee harvest season, leading to an increase in coffee output."

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