Domestic coffee prices continue to fall

World coffee prices in the early morning of June 30, 2024, at 4:20 am were updated on the MXV Vietnam Commodity Exchange (the only channel in Vietnam that continuously updates and connects with exchanges around the world).

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 Y5Cafe during the trading hours of the exchange, updated by www.giacaphe.com as follows:

Coffee price today June 30, 2024: Robusta coffee price on London floor

At the end of the trading session, the price of Robusta coffee on the London floor on June 30, 2024 at 4:30 a.m. decreased to 3,588 - 4,011 USD/ton. Specifically, the delivery period for September 2024 is 4,011 USD/ton (down 36 USD/ton); the delivery period for November 2024 is 3,850 USD/ton (down 15 USD/ton); the delivery period for January 2024 is 3,680 USD/ton (down 11 USD/ton) and the delivery period for March 2025 is 3,588 USD/ton (down 9 USD/ton).

Coffee price today June 30, 2024: Arabica coffee price on New York floor

In contrast, the price of Arabica coffee on the New York floor on the morning of June 30, 2024 increased, from 220.95 to 226.80 cents/lb. Specifically, the delivery period for September 2024 is 226.80 cents/lb (up 0.20%); the delivery period for December 2024 is 224.50 cents/lb (up 0.13%); the delivery period for March 2025 is 228.85 cents/lb (up 0.11%) and the delivery period for May 2025 is 220.95 cents/lb (up 0.07%).

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

The price of Brazilian Arabica coffee fluctuated in different directions on the morning of June 30, 2024. Specifically, the delivery period for July 2024 was 287.45 USD/ton (up 0.33%); the delivery period for September 2024 was 276.80 USD/ton (down 0.79%); the delivery period for December 2024 was 272.15 USD/ton (down 0.20%) and the delivery period for March 2025 was 270.65 USD/ton (up 0.13%).

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 floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.

For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 - 02:35 (next day), Vietnam time.

Domestic coffee prices were updated at 4:30 a.m. on June 29, 2024 as follows: According to www.giacaphe.com, domestic coffee prices today decreased slightly by 600-700 VND/kg, ranging from 118,200-119,200 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 119,000 VND/kg, the highest purchase price in Dak Nong province is 119,300 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 119,200 VND, 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 the coffee is purchased at the highest price of 119,300 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 118,200 VND/kg.

Coffee prices today (June 30) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 119,200 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 119,200 VND/kg.

Arabica coffee prices increased mainly due to the slight decrease in the USD, making this commodity more attractive to global investors. In the early morning of June 29 in the US market, the US Dollar Index (DXY), which measures the fluctuations of the greenback against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), decreased by 0.04% to 105.87.

The dollar slipped after new data showed inflation in the world's largest economy fell last month, reinforcing expectations the US Federal Reserve will start cutting interest rates this year.

Arabica is also supported by information, with coffee cooperative Expocacer saying Brazilian coffee farmers are picking smaller beans than usual this harvest, after heat and drought damaged the plants' growth.

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

Information for reference only. Prices may vary by location.

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