Domestic coffee prices continue to fall.

World coffee prices at 4:20 AM on June 30, 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:

Coffee prices today, June 30, 2024: Robusta coffee prices on the London exchange.

At the close of trading on June 30, 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).

Coffee prices today, June 30, 2024: Arabica coffee prices on the New York exchange.

Conversely, Arabica coffee prices on the New York exchange increased on the morning of June 30, 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%).

Coffee prices today, June 30, 2024: Brazilian Arabica coffee prices

Brazilian Arabica coffee prices on the morning of June 30, 2024 showed mixed movements. 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 600-700 VND/kg, ranging from 118,200 to 119,200 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 119,300 VND/kg.

Specifically, the purchase price of coffee in Gia Lai province (Chu Prong) is 119,200 VND/kg, in Pleiku and La Grai the same price is 119,200 VND/kg; in Kon Tum province the price is 119,200 VND/kg; in Dak Nong province coffee is purchased at the highest price of 119,300 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 coffee beans) is 118,200 VND/kg.

Today's coffee prices (June 30th) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at approximately 119,200 VND/kg, while in Ea H'leo district and Buon Ho town, the same price is 119,200 VND/kg.

Arabica coffee prices rose primarily due to a slight decline in the US dollar, making the commodity more attractive to global investors. Early on June 29th in the US market, the US Dollar Index (DXY), which measures the fluctuations of the greenback against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF), fell 0.04% to 105.87.

The US dollar fell after newly released data showed inflation in the world's largest economy declined last month, bolstering expectations that the Federal Reserve will begin cutting interest rates this year.

Arabica is also being supported by information; the Expocacer coffee cooperative reports that Brazilian coffee farmers are harvesting smaller-than-normal beans this season, after coffee plants experienced periods of heat and drought that damaged their growth.

Although the extent of the impact is currently uncertain, concerns have prompted a downward revision of estimated Arabica coffee production.

This information is for reference only. Prices may vary depending on the location.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-3062024-gia-ca-phe-trong-nuoc-tiep-da-giam-329112.html