Domestic coffee prices have risen again.

World coffee prices at 4:12 AM on April 21, 2024, were updated on the Vietnam Commodity Exchange (MXV) (MXV continuously updates world coffee prices, matching those of exchanges worldwide; it is the only channel in Vietnam that continuously updates prices linked to exchanges around the world).

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:

Coffee prices on April 21st, domestic coffee prices on April 21st, 2024

At the close of trading on April 21, 2024, at 4:12 AM, Robusta coffee prices on the London exchange showed little fluctuation, remaining stable at high levels, ranging from 3,887 to 4,217 USD/ton. Specifically, the May 2024 delivery contract was 4,083 USD/ton; the July 2024 delivery contract was 4,080 USD/ton; the September 2024 delivery contract was 4,013 USD/ton; and the November 2024 delivery contract was 3,916 USD/ton.

Coffee prices on April 21st, domestic coffee prices on April 21st, 2024

Similarly, Arabica coffee prices on the New York exchange on the morning of April 21, 2024, remained stable compared to the previous trading session. Specifically, the May 2024 delivery contract was 241.40 cents/lb; the July 2024 delivery contract was 231.85 cents/lb; the September 2024 delivery contract was 230.15 cents/lb; and the December 2024 delivery contract was 228.30 cents/lb.

Coffee prices on April 21st, domestic coffee prices on April 21st, 2024

Brazilian Arabica coffee prices on the morning of April 21, 2024, increased slightly compared to the previous trading session. Specifically, the May 2024 delivery contract was $289.95/ton; the July 2024 contract was $291.20/ton; the September 2024 contract was $282.00/ton; and the December 2024 contract was $278.00/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 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 19:00 to 02:35 (the next day), Vietnam time.

Domestic coffee prices, updated at 4:12 AM on April 21, 2024, are as follows: Domestic coffee prices have rebounded after a previous decline, increasing by approximately 1,700 - 2,800 VND/kg. Currently, the average purchase price in the Central Highlands provinces is over 123,300 VND/kg, with the highest purchase price in Dak Nong province at 124,000 VND/kg.

Specifically, the purchase price of coffee in Gia Lai and Kon Tum provinces is 122,500 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 124,000 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 122,500 VND/kg.

Today's coffee prices (April 21st) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at approximately 123,400 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same rate of 123,500 VND/kg.

Coffee prices on April 21st, domestic coffee prices on April 21st, 2024

Analysts believe that, technically, both exchanges are likely to see price declines at the beginning of next week.

According to data from the General Department of Customs, in the first quarter of 2024, Vietnam exported approximately 585,696 tons of coffee with a value of 1.9 billion USD, the highest level since 2013.

According to experts, the increase in coffee prices is partly due to concerns about supply shortages, and partly due to forecasts of a 10-15% decrease in global coffee production this season. In addition, tensions in the Red Sea have led to increased shipping costs and other expenses, further driving up coffee prices.

Currently, Vietnamese coffee is exported to 37 major markets worldwide. Of these, 12 export markets have turnovers exceeding $10 million, totaling $1.36 billion, accounting for 71% of Vietnam's total coffee export turnover in the quarter. The total export volume to these 12 countries also accounts for 71%, reaching 416,100 tons. Germany is Vietnam's largest coffee export market with $229 million, followed by Italy with $196 million, Spain with $150 million, Japan with $131 million, and the United States with $119 million...

The Brazilian Real continues to trade within a relatively low range of around 5.24 cents to 1 USD, although it is currently less affected by selling pressure from farmers as the Real depreciates.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-2142024-gia-ca-phe-trong-nuoc-tang-tro-lai-315803.html