Domestic coffee prices have risen sharply.

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

Today's coffee prices on the world market, November 22, 2024, at 4:30 AM, were updated on the Vietnam Commodity Exchange (MXV) (world coffee prices are continuously updated by MXV, matching those of exchanges worldwide; it is the only channel in Vietnam that continuously updates prices linked to exchanges around the world). The online coffee prices for the three main futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are continuously updated by Y5 Cafe throughout the trading hours of the exchanges, as follows:

Robusta coffee prices on the London exchange, updated morning of November 22, 2024.

At the close of trading, Robusta coffee prices on the London exchange at 4:30 AM on November 22, 2024, decreased slightly, by 10-18 USD/ton, fluctuating between 4,600 and 4,856 USD/ton. Specifically, the January 2025 delivery contract was 4,787 USD/ton (down 11 USD/ton); the March 2025 delivery contract was 4,732 USD/ton (down 10 USD/ton); the May 2025 delivery contract was 4,678 USD/ton (down 16 USD/ton); and the July 2025 delivery contract was 4,616 USD/ton (down 18 USD/ton).

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

In contrast to the London exchange, Arabica coffee prices on the New York exchange continued their upward trend on the morning of November 22, 2024, increasing by 0.45 - 2.25 cents/lb, fluctuating between 279.95 - 297.50 cents/lb. Specifically, the March 2025 delivery contract was 294.75 cents/lb (up 2.25 cents/lb); the May 2025 delivery contract was 292.40 cents/lb (up 2.15 cents/lb); the July 2025 delivery contract was 287.45 cents/lb (up 1.15 cents/lb); and the September 2025 delivery contract was 282.35 cents/lb (up 0.45 cents/lb).

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

At the close of trading on the morning of November 22, 2024, Brazilian Arabica coffee prices were predominantly green, with strong increases ranging from $1.45 to $18.30 per ton depending on the delivery period. Specifically, the December 2024 delivery contract was $373.10 per ton (up $13.65 per ton); the March 2025 contract was $370.00 per ton (up $1.45 per ton); the May 2025 contract was $363.60 per ton (up $18.30 per ton); and the July 2025 contract was $357.35 per ton (up $16.85 per ton).

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 traded on the ICE Futures US exchange (New York exchange) opens at 4:15 PM and closes at 1:30 AM (the next day), Vietnam time. Arabica coffee traded on the B3 Brazil exchange opens from 7:00 PM to 2:35 AM (the next day), Vietnam time.

Domestic coffee prices, updated at 4:30 AM on November 22, 2024, are as follows: After a recent price drop, domestic coffee prices have rebounded strongly, increasing by 1,700 - 1,800 VND/kg. Currently, the average coffee purchase price in the Central Highlands provinces is 115,300 VND/kg.

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

Today's coffee prices (November 22nd) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at 115,300 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at 115,200 VND/kg.

Domestic coffee prices on November 22, 2024

On the morning of November 22nd, at 4:30 AM, the global coffee market showed mixed trends. On the London Robusta exchange, after a strong surge, prices reversed and declined, while Arabica prices in New York and Brazil continued their upward trend.

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 $121.8 million, a decrease of 44.8% in volume but an increase of 1.8% in value compared to the same period last year. This indicates that the supply from the new harvest has not yet entered the market in the same quantity as in previous years.

Cumulatively from the beginning of the year to November 15th, Vietnam exported 1.17 million tons of coffee, earning $4.7 billion, a decrease of 13.5% in volume but an increase of 38.1% in value compared to the same period last year. Of this, robusta accounted for 964,610 tons, worth $3.48 billion; arabica accounted for 49,802 tons, worth over $202.4 million; and decaffeinated green coffee beans totaled 31,867 tons, worth $160.6 million.

Currently, the Central Highlands provinces of Vietnam are in the peak coffee harvest season, and the high prices have encouraged people to actively care for their crops and protect against theft.

According to assessments, due to the influence of many factors, including dry weather, there will be very little Robusta coffee available from both Vietnam and Brazil in the coming period. This will increase the demand for Arabica coffee worldwide and support prices.

According to consulting firm Safras & Mercado, Brazilian coffee farmers have sold approximately 70% of their estimated production of around 66.04 million bags in the current coffee season. This sales rate is higher than the five-year average of 67%. Local dealers in Brazil, the world's leading Arabica producer, say the market is now focused on next year's crop and remains concerned about the drought earlier this year.

According to experts, world coffee prices are being affected by many complex factors, including both natural and policy factors. In the near future, coffee prices may continue to fluctuate sharply, 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