Domestic coffee prices increase sharply

Update coffee prices today November 22, 2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, green coffee, Arabica coffee November 22, 2024.

Today's coffee price, November 22, 2024, on the world market, at 4:30 am, was 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 Y5 Cafe during the trading hours of the exchange, updated as follows:

Robusta coffee price on London floor updated on the morning of November 22, 2024

At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 22, 2024 decreased slightly, by 10 - 18 USD/ton, fluctuating between 4,600 - 4,856 USD/ton. Specifically, the delivery period for January 2025 is 4,787 USD/ton (down 11 USD/ton); the delivery period for March 2025 is 4,732 USD/ton (down 10 USD/ton); the delivery period for May 2025 is 4,678 USD/ton (down 16 USD/ton) and the delivery period for July 2025 is 4,616 USD/ton (down 18 USD/ton).

Arabica coffee prices on the New York floor updated on the morning of November 22, 2024

In contrast to the London floor, the price of Arabica coffee on the New York floor on the morning of November 22, 2024 continued to increase, increasing from 0.45 - 2.25 cents/lb, fluctuating from 279.95 - 297.50 cents/lb. Specifically, the delivery period for March 2025 is 294.75 cents/lb (up 2.25 cents/lb); the delivery period for May 2025 is 292.40 cents/lb (up 2.15 cents/lb); the delivery period for July 2025 is 287.45 cents/lb (up 1.15 cents/lb) and the delivery period for September 2025 is 282.35 cents/lb (up 0.45 cents/lb).

Brazilian Arabica coffee prices updated on the morning of November 22, 2024

At the end of the trading session, the price of Brazilian Arabica coffee on the morning of November 22, 2024 was dominated by green, with prices increasing sharply, from 1.45 - 18.30 USD/ton depending on the delivery terms. Specifically, the delivery term for December 2024 was 373.10 USD/ton (up 13.65 USD/ton); the delivery term for March 2025 was 370.00 USD/ton (up 1.45 USD/ton); the delivery term for May 2025 was 363.60 USD/ton (up 18.30 USD/ton) and the delivery term for July 2025 was 357.35 USD/ton (up 16.85 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 open from 19:00 - 02:35 (next day) Vietnam time.

Domestic coffee prices were updated at 4:30 a.m. on November 22, 2024 as follows: Domestic coffee prices have increased sharply after the price reduction session, increasing from 1,700 - 1,800 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 115,300 VND/kg.

Specifically, the coffee purchase price in Gia Lai province is at 115,200 VND/kg; in Dak Nong and Dak Lak provinces, coffee is purchased at the highest price of 115,300 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 114,800 VND/kg.

Coffee prices today (November 22) in Dak Lak province; in Cu M'gar district, coffee is purchased at 115,300 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 115,200 VND/kg.

Domestic coffee prices on November 22, 2024

On the morning of November 22, updated at 4:30 a.m., the world coffee market had mixed increases and decreases. On the London Robusta exchange, after a strong increase, it turned to decrease, while on the New York and Brazilian Arabica exchange, it continued to increase.

According to statistics from the Vietnam Coffee and Cocoa Association (Vicofa), in the first 15 days of November, Vietnam's coffee exports reached only 20,933 tons, equivalent to a turnover of 121.8 million USD, down 44.8% in volume but up 1.8% in value compared to the same period last year. This shows that the supply from the new harvest has not been brought to the market as much as in previous years.

Accumulated from the beginning of the year to November 15, Vietnam exported 1.17 million tons of coffee with a turnover of 4.7 billion USD, down 13.5% in volume but up 38.1% in value compared to the same period last year. Of which, robusta reached 964,610 tons, turnover of 3.48 billion USD; arabica reached 49,802 tons, turnover of over 202.4 million USD; and decaffeinated coffee beans were 31,867 tons, turnover of 160.6 million USD.

Currently, the Central Highlands provinces of Vietnam are in the main coffee harvest season, and high prices have encouraged people to actively care for and protect the crop from theft.

According to the assessment, due to the influence of many factors, including dry weather, there will be very little Robusta coffee from both Vietnam and Brazil in the coming time. Therefore, the demand for Arabica coffee in the world will increase and prices will be supported.

Brazilian coffee farmers have sold about 70 percent of their estimated 66.04 million bags of coffee in the current coffee year, according to consultancy Safras & Mercado. The current sales rate is higher than the average of 67 percent over the past five years. Local dealers in Brazil, the world’s top Arabica producer, said the market is focused on next year’s crop and remains concerned about the drought earlier this year.

According to experts, world coffee prices are affected by many complex factors, including natural and policy factors. In the near future, coffee prices may continue to fluctuate strongly and farmers, businesses and consumers need to be prepared for these changes.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-22112024-gia-ca-phe-trong-nuoc-tang-manh-360183.html