Domestic coffee prices fell across the board

World coffee prices increase and decrease unpredictably

Coffee prices today December 19, 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).

People in Lam Dong province harvest ripe coffee. Photo: Van Long

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:

Robusta Coffee Price London 19/12/2024

At the end of the trading session, the price of Robusta coffee on the London floor at 4:00 a.m. on December 19, 2024 had a very sharp decrease for the second consecutive session from 18-65 USD/ton, fluctuating from 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).

Arabica Coffee Price New York December 19, 2024

In contrast to Robusta coffee prices, Arabica coffee prices on the New York floor on the morning of December 19, 2024, increased sharply after yesterday's price decrease, 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).

Brazilian Arabica Coffee Price on December 19, 2024

Similarly, at the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 19, 2024 also increased sharply from 0.80 - 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 0.80 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).

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 Gia Lai province, people are also harvesting ripe coffee. Photo: Hien Mai

Domestic coffee prices slightly decreased

Under pressure from falling world Robusta coffee prices, domestic coffee prices have also "turned around" to decrease compared to yesterday. According to information from Giacaphe.com, updated coffee prices at 4:00 a.m. today, December 19, 2024, the average domestic coffee price is at 124,000 VND/kg, down -900 VND/kg compared to yesterday.

The highest coffee purchase price in the key regions of the Central Highlands (Dak Lak, Lam Dong, Gia Lai, Dak Nong) was recorded at 124,000 VND/kg. Specifically, the coffee price in Lam Dong had the lowest decrease of -500 VND/kg compared to yesterday's transaction price, anchored at 122,700 VND/kg.

Meanwhile, today's coffee prices in Dak Lak and Dak Nong both have the same decrease of -800 VND/kg (Dak Lak has a price of 124,000 VND/kg, Dak Nong has a price of 124,200 VND/kg). In particular, coffee prices in Gia Lai have the highest decrease among the 5 Central Highlands provinces, down -1,000 VND/kg, staying at 123,800 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.

Domestic coffee price list updated at 4:00 a.m. on December 19, 2024, all decreased

Below is an overview of the world and Vietnamese coffee market situation as of December 18, 2024:

Regarding the world coffee market, global coffee production in 2024 is expected to decrease slightly compared to last year, mainly due to climate change and disease. Major producing countries such as Brazil, Vietnam, Colombia and Indonesia still hold the leading positions in coffee exports. Brazil, with its large planting area and modern farming technology, continues to be the world's largest coffee producer.

Coffee prices have been volatile lately, rising and falling erratically and mostly falling along with US stock exchanges as the US Federal Reserve (Fed) begins its meeting at the end of 2024. The coffee futures market may experience volatility as the Fed makes monetary policy decisions.

For the Vietnamese coffee market, the US Department of Agriculture expects Vietnam's Robusta coffee harvest to reach 29 million bags, while Volcafe expects around 24.5 million bags. In October 2024, Vietnam exported 50,000 tons of coffee, worth 292.7 million USD. The total volume of coffee exported in the first 10 months of 2024 reached 1.4 million tons, bringing in 3.2 billion USD.

Vietnam's coffee export prices hit a record high, with the average price in the second quarter of 2024 reaching $4,103 per ton, up 24.7% from the first quarter and 60.4% year-on-year. Vietnam's coffee market is expected to reach $511.03 million in 2024 and could grow to $763.46 million by 2029.

A notable event, in early December 2024, EDE Farm Trading and Service Company Limited (headquartered in Buon Ma Thuot City, Dak Lak Province) exported the first container containing 18,000 packages of roasted and ground coffee of the MISS EDE brand to the US market.

This is a finished coffee product of EDE Farm Trading and Service Company Limited, packaged in Vietnam, not raw coffee or processed labels. Coffee is processed according to the fermentation process that meets US FDA standards. Coffee ingredients are grown in sustainable farming areas that do not encroach on natural forests, are EUDR certified and are managed by Dak Lak 2/9 Import-Export Company Limited. The importing enterprise is in the state of Illinois (USA), distributing products in local supermarket systems, opening up opportunities to reach US consumers and enhancing the Vietnamese brand in the international market.

Mr. Hoang Danh Huu, founder of MISS EDE, shared that the company's achievements have the support and companionship of the government, departments, branches and many related units. This is the result of the national trade promotion event (Vietnam Sourcing Fair), with support from the Department of Industry and Trade of Dak Lak province.

According to the assessment, the global coffee market is experiencing price fluctuations due to many factors, including monetary policy and economic fluctuations. Vietnam, as a major coffee producer and exporter, continues to maintain stable output and achieve high export value. However, factors such as climate change and international market fluctuations may affect the coffee industry in the coming time.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-19122024-gia-ca-phe-trong-nuoc-dong-loat-giam-364980.html