Update world coffee prices
Coffee prices today December 23, 2024 on the world market, at 4:00 a.m. updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).
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| Foreigners experience coffee harvesting in Gia Lai . Photo: Hien Mai |
Coffee prices at the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5Cafe during the trading hours of the exchange, updated as follows:
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| Robusta Coffee Price London December 23, 2024 |
Due to the two weekend days (Saturday and Sunday) when the world coffee futures exchanges are closed, the price of Robusta coffee on the London exchange, updated at 4:00 a.m. on December 23, 2024, remained unchanged compared to yesterday, ranging from 4,849 - 5,011 USD/ton. Specifically, the delivery period for January 2025 is 5,011 USD/ton; the delivery period for March 2025 is 5,002 USD/ton; the delivery period for May 2025 is 4,934 USD/ton and the delivery period for July 2025 is 4,849 USD/ton.
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| Arabica Coffee Price New York December 23, 2024 |
Similarly, the price of Arabica coffee on the New York floor was also unchanged from yesterday, fluctuating from 302.75 to 325.00 cents/lb. Specifically, the delivery period for March 2025 is 325.00 cents/lb; the delivery period for May 2025 is 319.30 cents/lb; the delivery period for July 2025 is 311.65 cents/lb and the delivery period for September 2025 is 302.75 cents/lb.
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| Brazilian Arabica Coffee Price on December 23, 2024 |
The updated price of Brazilian Arabica coffee at 4:00 a.m. on December 23, 2024 is as follows: The delivery period for December 2024 is not traded; the delivery period for March 2025 is 406.45 USD/ton; the delivery period for May 2025 is 398.10 USD/ton; the delivery period for July 2025 is 387.85 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.
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| Coffee trees are grown by people in Bao Lam district, Lam Dong province. Photo: Le Son |
Domestic coffee price highest at 121,300 VND/kg
According to information from Giacaphe.com, updated coffee prices at 4:00 a.m. today, December 23, 2024, the average domestic coffee price remains at 121,100 VND/kg, unchanged from yesterday.
The highest coffee purchase price in key regions of the Central Highlands was recorded at 121,300 VND/kg. Specifically, the coffee price in Dak Lak today is 121,000 VND/kg. The coffee price in Lam Dong is 120,500 VND/kg. Meanwhile, the coffee price in Gia Lai today is also 121,000 VND/kg. The coffee price in Dak Nong today is 121,300 VND/kg.
Thus, domestic coffee prices on December 23, 2024 fluctuated from 120,500 - 121,300 VND/kg, down 3,000 - 4,000 VND/kg compared to last week.
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 farmers and coffee purchasing businesses.
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| Domestic coffee price list on December 23, 2024 |
According to records, in Bao Lam district (Lam Dong province), more than 1,000 high-tech crops have been developed, bringing the total area of high-tech, smart and biological crops to more than 16,000 hectares. This transformation not only helps increase productivity but also enhances the value of local agricultural production.
At the same time, Bao Lam district has built 18 chains linking production to consumption of key agricultural products. According to estimates, the average production value per hectare is 152 million VND, while the value of high-tech agricultural production is estimated at 500 - 650 million VND/ha. This shows a positive change in the application of modern technology to agricultural production.
In particular, coffee has become one of the main products of the district. Bao Lam has established 7 production chains between farmers and enterprises, concentrated in communes such as Loc Ngai, Loc Quang, Loc Phu, B'La, Loc Lam, Loc Duc and Loc Tan. Currently, more than 6,000 hectares of coffee here are produced in the direction of specialized cultivation applying high technology, achieving a yield of 5.5 - 6 tons of beans/ha. Thanks to that, the total productivity of coffee in the district has increased to 3.5 tons of beans/ha/year.
According to estimates, in the 2024 coffee crop, the total coffee output of Bao Lam district could reach about 124,687 tons of beans. This is an impressive figure, showing the strong development potential of the local agricultural sector.
The agricultural and rural development strategy of Bao Lam district until 2030 aims to expand the coffee production area towards high-tech cultivation to 21,000 hectares. This will not only help increase production value but also contribute to the sustainable development of Bao Lam district's agriculture.
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