Will domestic coffee prices continue to rise?

World coffee prices rebound.

Right from the first trading day of the new week (week 3 of December 2024), world coffee prices simultaneously reversed course and surged across all exchanges. This indicates that world coffee prices continue to be volatile, with very large trading ranges.

Foreign volunteers and local people in Pleiku City, Gia Lai province, harvest coffee. Photo: Hien Mai

Accordingly, at the close of trading, updated at 3:00 PM on December 17, 2024, Robusta coffee prices on the London exchange saw a significant increase of 11-21 USD/ton, fluctuating between 5057 and 5230 USD/ton. Specifically, the January 2025 delivery contract was 5230 USD/ton (up 21 USD/ton); the March 2025 delivery contract was 5203 USD/ton (up 19 USD/ton); the May 2025 delivery contract was 5140 USD/ton (up 14 USD/ton); and the July 2025 delivery contract was 5057 USD/ton (up 11 USD/ton).

Similarly, Arabica coffee prices on the New York exchange on the afternoon of December 17, 2024, also surged sharply compared to the previous trading contract, increasing by 6.10 – 7.90 cents/lb, fluctuating between 310.95 – 327.40 cents/lb. Specifically, the March 2025 delivery contract was 327.40 cents/lb (up 7.90 cents/lb); the May 2025 delivery contract was 324.65 cents/lb (up 7.60 cents/lb); the July 2025 delivery contract was 319.60 cents/lb (up 7.15 cents/lb); and the September 2025 delivery contract was 310.95 cents/lb (up 6.10 cents/lb).

At the close of trading on the afternoon of December 17, 2024, Brazilian Arabica coffee prices also saw a significant increase of 9.45 – 13.10 USD/ton compared to the previous trading session. Specifically, the December 2024 delivery contract was 410.00 USD/ton (up 13.10 USD/ton); the May 2025 delivery contract was 405.20 USD/ton (up 10.05 USD/ton); and the July 2025 delivery contract was 398.40 USD/ton (up 9.45 USD/ton). However, the March 2025 delivery contract decreased to 413.40 USD/ton (down 1.45 USD/ton).

Domestic coffee prices have increased slightly.

In the domestic market, according to information from Giacaphe.com, updated at 3:30 PM today, December 17, 2024, the average domestic coffee price is 124,900 VND/kg, an increase of +800 VND/kg compared to yesterday.

Ripe organic coffee beans are harvested by locals in Gia Lai. Photo: Hien Mai

The highest coffee prices recorded in key coffee-growing regions of the Central Highlands ( Dak Lak , Lam Dong, Gia Lai, Dak Nong) were 124,900 VND/kg. Specifically, the price in Lam Dong was 123,200 VND/kg, an increase of +700 VND compared to yesterday's trading price.

Meanwhile, today's coffee prices in Dak Lak, Gia Lai, and Dak Nong all saw the same increase of +800 VND/kg compared to yesterday (Dak Lak is priced at 124,800 VND/kg, Gia Lai at 124,800 VND/kg, and Dak Nong at 125,000 VND/kg).

Thus, Lam Dong province still has the lowest coffee purchasing price at 123,200 VND/kg, while Dak Nong province has the highest coffee purchasing market in the Central Highlands and nationwide.

The domestic coffee prices listed daily by Giacaphe.com are calculated based on prices from two global coffee exchanges, combined with continuous surveys from businesses and purchasing agents in key coffee-growing regions across the country.

Y5Cafe always strives to closely monitor prices in each region; however, there may be days when the listed price does not perfectly match the local coffee purchase price. Nevertheless, Y5Cafe believes that the listed information is a valuable reference source for farmers.

Coffee price forecast for tomorrow, December 18 , 2024

In recent years, Vietnam's coffee market has witnessed a significant transformation, not only focusing on European, American, and Japanese countries, but also expanding to closer markets such as China and Southeast Asian countries. This not only creates new opportunities for the Vietnamese coffee industry but also promotes sustainable development in the agricultural export sector.

According to statistics, China has imported 190,000 tons of coffee to date, worth $1.026 billion, marking a 47% increase in volume and nearly 33% in value, corresponding to an average import price of $5,400 per ton.

Regarding imports from Vietnam, China imported $166 million worth of coffee, a 66.5% increase compared to the same period in 2023, accounting for 16.21% of total imports. Vietnam currently ranks third in coffee supply to China, after Brazil and Colombia. This indicates a significant increase in demand for Vietnamese coffee in this large market.

Positive developments in the Chinese coffee market demonstrate the strong growth potential of Vietnam's coffee industry. This is an ideal time for Vietnamese businesses to seize opportunities and expand their markets, contributing to the sustainable development of Vietnam's agricultural sector.

Furthermore, judging from the trading session at the beginning of the new week, we can see that world coffee prices have uniformly reversed course and risen across all exchanges. Therefore, experts predict that domestic coffee prices are very likely to continue their upward trend tomorrow, December 18, 2024.

Source: https://congthuong.vn/du-doan-gia-ca-phe-ngay-mai-18122024-gia-ca-phe-trong-nuoc-tiep-da-tang-364674.html