Coffee prices today, November 18, 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:
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| Robusta coffee price on London floor updated on November 18, 2024 |
The price of Robusta coffee on the London floor at 4:30 a.m. on November 18, 2024 continued to remain stable at a high level across delivery terms, with prices ranging from 4,477 to 4,868 USD/ton. Specifically, the delivery term for January 2025 was 4,773 USD/ton; the delivery term for March 2025 was 4,699 USD/ton; the delivery term for May 2025 was 4,637 USD/ton and the delivery term for July 2025 was 4,562 USD/ton.
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| Coffee prices on the New York floor updated on November 18, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of November 18, 2024 continued to remain high, fluctuating between 269.65 and 285.60 cents/lb. Specifically, the delivery period for December 2024 is 281.80 cents/lb; the delivery period for March 2025 is 283.30 cents/lb; the delivery period for May 2025 is 281.45 cents/lb and the delivery period for July 2025 is 278.05 cents/lb.
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| Brazilian Arabica coffee prices updated on November 18, 2024 |
On the morning of November 18, the price of Brazilian Arabica coffee remained high. Specifically, the delivery period for December 2024 was 359.75 USD/ton, the delivery period for March 2025 was 354.95 USD/ton; the delivery period for May 2025 was 343.25 USD/ton and the delivery period for July 2025 was 338.80 USD/ton. Robusta coffee traded on the ICE Futures Europe (London exchange) opened at 16:00 and closed at 00:30 (the next day), Vietnam time. Arabica coffee on the ICE Futures US (New York exchange) opened at 16:15 and closed at 01:30 (the 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 18, 2024 as follows: Domestic coffee prices are stable and at a high level. Currently, the average purchase price in the Central Highlands provinces is 113,000 VND/kg, the highest purchase price in Dak Nong province is 113,400 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at a fairly high level of 113,100 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 113,400 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 112,800 VND/kg.
Coffee prices today (November 18) in Dak Lak province; in Cu M'gar district, coffee is purchased at 113,200 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 113,100 VND/kg.
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| Domestic coffee prices updated on November 18, 2024 |
Arabica coffee prices ended the week at a high level. The increase was mainly supported by the continued dry weather in Brazil and recent bad weather that slowed harvesting in the Central Highlands provinces of Vietnam.
Many coffee farmers in the Central Highlands said that the current purchase price of fresh coffee is around 20,000 - 22,000 VND/kg, which is the highest price ever. With this price, coffee growers will earn a profit of 50 - 70% after deducting costs for care, fertilizer, etc. Therefore, as it is the new harvest season, coffee growers in Vietnam are very happy and excited.
According to the Vietnam Coffee and Cocoa Association (VICOFA), Vietnam's coffee harvest season is mainly from early November to late December. This is the time when most countries have no harvest or very little yield. This is also a great opportunity to attract world customers to choose Vietnamese Robusta coffee.
Although Vietnam's main crop production will increase and prices may fluctuate, Vietnamese coffee has certain advantages to expect better prices than previous years.
Meanwhile, many coffee exporters said that the current price of coffee in Vietnam is very expensive, partly due to the role of farmers in "price regulation". That is, it is harvest season but farmers are not selling in large quantities, so the supply is limited and the price of coffee is supported.
According to traders' predictions, the new week's coffee prices in the world and domestically will continue to remain high and increase slightly.
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