Domestic coffee prices may remain at current levels

World coffee prices increase and decrease unpredictably

Robusta coffee prices on the London floor updated at 3:30 p.m. on December 19, 2024 decreased sharply for the second consecutive session from 18-65 USD/ton, fluctuating between 5005 - 5151 USD/ton. Specifically, the delivery period for January 2025 is 5151 USD/ton (down 65 USD/ton); the delivery period for March 2025 is 5139 USD/ton (down 29 USD/ton); the delivery period for May 2025 is 5085 USD/ton (down 18 USD/ton) and the delivery period for July 2025 is 5005 USD/ton (down 25 USD/ton).

Lam Dong people harvest the main coffee. Photo: Van Long

In contrast to Robusta coffee prices, Arabica coffee prices on the New York floor increased sharply after yesterday's price drop, increasing from 3.30 - 7.70 cents/lb, fluctuating from 311.40 - 332.65 cents/lb. Specifically, the delivery period for March 2025 is 332.65 cents/lb (up 7.70 cents/lb); the delivery period for May 2025 is 327.40 cents/lb (up 5.50 cents/lb); the delivery period for July 2025 is 320.70 cents/lb (up 3.75 cents/lb) and the delivery period for September 2025 is 311.40 cents/lb (up 3.30 cents/lb).

Similarly, at the end of the trading session, the price of Brazilian Arabica coffee, updated on the afternoon of December 19, 2024, also increased sharply from 0.30 - 10.45 USD/ton compared to yesterday, ranging from 399.85 - 407.35 USD/ton. Specifically, the delivery period for December 2024 is 407.35 USD/ton (up 10.45 USD/ton); the delivery period for March 2025 is 419.50 USD/ton (up 0.30 USD/ton); the delivery period for May 2025 is 408.85 USD/ton (up 7.30 USD/ton) and the delivery period for July 2025 is 399.85 USD/ton (up 4.95 USD/ton).

Domestic coffee prices have decreased slightly.

Under the pressure of a sharp drop in the world price of Robusta coffee, domestic coffee prices could not maintain stability and fell for the second consecutive session, but the price decrease was not significant. According to information from Giacaphe.com, updated coffee prices at 3:30 p.m. today, December 19, 2024, the average domestic coffee price was at 123,200 VND/kg, down -200 VND/kg compared to yesterday.

People in Gia Lai province check the quality of green coffee beans before selling. Photo: Hien Mai

Coffee prices in key regions of the Central Highlands (Dak Lak, Lam Dong, Gia Lai, Dak Nong) were recorded to have decreased by the same amount of -200 VND/kg. Specifically, coffee prices in Dak Lak were 123,800 VND/kg; coffee prices in Lam Dong were 122,500 VND/kg; coffee prices in Gia Lai were 123,600 VND/kg and coffee prices in Dak Nong were 124,000 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 12/20/2024

Experts believe that domestic coffee prices in the coming time will be affected by the world market. At the end of the year, financial speculators are gradually withdrawing money from the market, causing prices on the floor to adjust.

According to analysis, there are not many physical transactions. The nature of the fluctuations on the coffee futures exchanges (New York and London) in recent times may be due to financial speculators taking short-term profits.

Accordingly, the recent high price of coffee is not due to a shortage of supply. The reason may be that they are pushing the price up and now is the time to take profits.

Accompanied by the current harvest period, therefore, the adjustment pressure on domestic coffee prices increases as supply is replenished. When coffee prices in the market adjust, accompanied by pressure from increased supply during the harvest period, domestic coffee prices will also decrease.

Based on the downward trend of coffee prices on both international exchanges and domestic markets, it is forecasted that coffee prices on December 20, 2024 may continue the downward trend or remain stable at the current level.

Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-20122024-gia-ca-phe-trong-nuoc-co-the-duy-tri-o-muc-hien-tai-365105.html