Domestic coffee price highest at over 113,000 VND/kg

Update coffee prices today November 19, 2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, green coffee, Arabica coffee November 19, 2024.

Coffee prices today, November 19, 2024 on the world market, at 4:30 am, were updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching the world exchanges, the only channel in Vietnam that continuously updates and links with the world exchanges). Today's online coffee prices of 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:

Robusta coffee price on London floor updated on November 19, 2024

At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 19, 2024 turned down, the decrease was from 4 - 38 USD/ton, the price ranged from 4,497 - 4,877 USD/ton. Specifically, the delivery period for January 2025 was 4,735 USD/ton (down 38 USD/ton); the delivery period for March 2025 was 4,675 USD/ton (down 24 USD/ton); the delivery period for May 2025 was 4,624 USD/ton (down 13 USD/ton) and the delivery period for July 2025 was 4,558 USD/ton (down 4 USD/ton).

Coffee prices on the New York floor updated on November 19, 2024

Similarly, the price of Arabica coffee on the New York floor on the morning of November 19, 2024 decreased slightly, from 1.05 - 1.35 cents/lb, fluctuating between 274.30 and 291.50 cents/lb. Specifically, the delivery period for December 2024 is 280.75 cents/lb (down 1.05 cents/lb); the delivery period for March 2025 is 282.20 cents/lb (down 1.10 cents/lb); the delivery period for May 2025 is 280.15 cents/lb (down 1.30 cents/lb) and the delivery period for July 2025 is 276.70 cents/lb (down 1.35 cents/lb).

Brazilian Arabica coffee prices updated on November 19, 2024

In contrast to the London and New York exchanges, the price of Brazilian Arabica coffee on the morning of November 19, 2024 maintained an increase across delivery terms. Specifically, the December 2024 delivery term was 363.00 USD/ton (up 1.35 USD/ton); the March 2025 delivery term was 360.50 USD/ton (up 1.45 USD/ton); the May 2025 delivery term was 346.40 USD/ton (up 3.15 USD/ton) and the July 2025 delivery term was 341.70 USD/ton (up 2.90 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 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 be open from 19:00 - 02:35 (next day) Vietnam time.

Domestic coffee prices were updated at 4:30 a.m. on November 19, 2024 as follows: Domestic coffee prices turned around and increased slightly, an increase of 300 - 400 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 113,400 VND/kg, the highest purchase price in Dak Nong province is 113,700 VND/kg.

Specifically, the coffee purchase price in Gia Lai province is at a fairly high level of 113,500 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 113,700 VND/kg.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 113,100 VND/kg.

Coffee prices today (November 19) in Dak Lak province; in Cu M'gar district, coffee is purchased at 113,500 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 113,400 VND/kg.

Domestic coffee prices updated on November 19, 2024

According to the Vietnam Coffee and Cocoa Association (Vicofa), Robusta coffee currently accounts for 95% of the coffee growing area in our country. This means that Vietnam is holding a large amount of Robusta coffee supply in the world market. Especially at the present time, when other major coffee producing countries have not entered the harvest season or are harvesting with limited output, Vietnamese coffee has the advantage.

According to experts, Robusta coffee is in a period of strong recovery and growth. Meanwhile, other major Robusta coffee producing countries such as Indonesia, Brazil and Uganda will have to wait until the second half of 2025 for a new harvest. This difference in harvest time is creating limited supply and certain supply-demand pressure, thereby supporting the increase in coffee prices.

In another development, experts said that the coffee market is waiting for new information about the newly elected US President’s policies as well as the actions of the US Federal Reserve (FED). In this context, speculators are actively buying coffee to anticipate possible developments in the future.

Vietnam's leading export market is currently the EU bloc including Germany, Italy, Spain... and some other large markets such as Japan, the US, Russia also recorded strong growth in turnover despite decreasing volume.

According to data from the Ministry of Agriculture and Rural Development, in the first 10 months of 2024, coffee exports reached 1.2 million tons, earning 4.6 billion USD. Although the volume of exported coffee decreased by 10.8% compared to the same period last year, the value increased by more than 40%.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-19112024-gia-ca-phe-trong-nuoc-cao-nhat-hon-113000-dongkg-359538.html