World coffee prices at 4:20 AM on June 29, 2024, were updated on the Vietnam Commodity Exchange (MXV) trading platform (the only channel in Vietnam that continuously updates prices linked to exchanges worldwide).
Today's online coffee prices from the three main futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are continuously updated by Y5Cafe throughout the trading hours and are also updated on www.giacaphe.com as follows:
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| Coffee prices today, June 29, 2024: Robusta coffee prices on the London exchange. |
At the close of trading on June 29, 2024, at 4:30 PM, Robusta coffee prices on the London exchange fell to between $3,588 and $4,011 per ton. Specifically, the September 2024 delivery contract was $4,011 per ton (down $36 per ton); the November 2024 delivery contract was $3,850 per ton (down $15 per ton); the January 2024 delivery contract was $3,680 per ton (down $11 per ton); and the March 2025 delivery contract was $3,588 per ton (down $9 per ton).
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| Coffee prices today, June 29, 2024: Arabica coffee prices on the New York exchange. |
Conversely, Arabica coffee prices on the New York exchange increased on the morning of June 29, 2024, rising from 220.95 to 226.80 cents/lb. Specifically, the September 2024 delivery contract was 226.80 cents/lb (up 0.20%); the December 2024 delivery contract was 224.50 cents/lb (up 0.13%); the March 2025 delivery contract was 228.85 cents/lb (up 0.11%); and the May 2025 delivery contract was 220.95 cents/lb (up 0.07%).
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| Coffee prices today, June 29, 2024: Brazilian Arabica coffee prices |
Brazilian Arabica coffee prices fluctuated on the morning of June 29, 2024. Specifically, the July 2024 delivery contract was 287.45 USD/ton (up 0.33%); the September 2024 contract was 276.80 USD/ton (down 0.79%); the December 2024 contract was 272.15 USD/ton (down 0.20%); and the March 2025 contract was 270.65 USD/ton (up 0.13%).
Robusta coffee traded on the ICE Futures Europe exchange (London exchange) opens at 4:00 PM and closes at 12:30 AM (the next day), Vietnam time.
Arabica coffee on the ICE Futures US (New York) exchange opens at 4:15 PM and closes at 1:30 AM (the next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil exchange, trading hours will be from 7:00 PM to 2:35 AM (the following day), Vietnam time.
Domestic coffee prices, updated at 4:30 AM on June 29, 2024, according to www.giacaphe.com, decreased slightly by 100-200 VND/kg, ranging from 118,800 to 119,900 VND/kg. The average purchase price in the Central Highlands provinces is currently 119,000 VND/kg, with the highest price in Dak Nong province at 119,900 VND/kg.
Specifically, the purchase price of coffee in Gia Lai province (Chu Prong) is 119,900 VND/kg, while in Pleiku and La Grai it is 119,800 VND/kg; in Kon Tum province the price is 119,800 VND/kg; and in Dak Nong province, coffee is purchased at the highest price of 119,900 VND/kg.
In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, the price of bulk green coffee beans (green coffee beans, fresh coffee beans) is 118,800 VND/kg.
Today's coffee prices (June 29th) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at approximately 119,800 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same rate of 119,700 VND/kg.
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StoneX, a veteran US financial services company, also predicted a global coffee surplus of only 2-3 million bags in 2024/25, lower than the US Department of Agriculture's previous forecast of 5.6 million bags.
According to Bloomberg: Brazil, the world's leading coffee producer, is on track to harvest what appears to be a weaker-than-expected crop, a disappointing development given the already tight global market and rising prices.
Farmers are harvesting coffee beans that appear smaller than usual after coffee plants endured a period of heat and drought that damaged their growth. While the extent of the impact is currently uncertain, concerns have prompted a downward revision of Arabica coffee production estimates.
Arabica coffee futures prices are on track to rise for the fourth consecutive month and are up about 20% this year due to supply concerns. Robusta coffee prices are also projected to increase by more than 40% by 2024 due to production difficulties in key producing country Vietnam caused by drought.
This month, Marex Group cut its outlook for Brazilian coffee production to 44 million bags of arabica coffee in the current 2024-25 crop year. This compares to the March estimate of 46.6 million.
This information is for reference only. Prices may vary depending on the location.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-2962024-gia-ca-phe-trong-nuoc-giam-nhe-328971.html
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