Coffee prices today, November 16, 2024, on the world market, at 4:30 am, were updated on the Vietnam Commodity Exchange MXV ( world coffee prices are continuously updated by MXV, matching the world exchanges, the only channel in Vietnam that continuously updates and links with the world exchanges). 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 as follows:
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| Coffee prices updated on the morning of November 16, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 16, 2024 increased and decreased across delivery terms, ranging from 4,477 - 4,868 USD/ton. Specifically, the delivery term for January 2025 was 4,773 USD/ton (down 4 USD/ton); the delivery term for March 2025 was 4,699 USD/ton (up 4 USD/ton); the delivery term for May 2025 was 4,637 USD/ton (up 14 USD/ton) and the delivery term for July 2025 was 4,562 USD/ton (up 18 USD/ton).
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| Coffee price on November 16, 2024 |
In contrast, the price of Arabica coffee on the New York floor on the morning of November 16, 2024 continued to increase compared to the previous trading session, fluctuating between 269.65 and 285.60 cents/lb. Specifically, the delivery period for December 2024 was 281.80 cents/lb (up 2.85 cents/lb); the delivery period for March 2025 was 283.30 cents/lb (up 3.90 cents/lb); the delivery period for May 2025 was 281.45 cents/lb (up 3.70 cents/lb) and the delivery period for July 2025 was 278.05 cents/lb (up 3.55 cents/lb).
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| Arabica coffee prices on the New York floor on the morning of November 16, 2024 continued to increase. |
The price of Brazilian Arabica coffee on the morning of November 16, 2024 remained high; increased and decreased mixedly across delivery terms compared to the previous trading session. Specifically, the delivery term for December 2024 was 359.75 USD/ton (up 0.35 USD/ton); the delivery term for March 2025 was 354.95 USD/ton (down 0.10 USD/ton); the delivery term for May 2025 was 343.25 USD/ton (up 10.40 USD/ton) and the delivery term for July 2025 was 338.80 USD/ton (up 10.10 USD/ton). Robusta coffee traded on the ICE Futures Europe (London exchange) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.
Arabica coffee on the ICE Futures US (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.
For Arabica coffee traded on the B3 Brazil exchange, it will be open from 19:00 – 02:35 (next day), Vietnam time.
Domestic coffee prices were updated at 4:30 a.m. on November 16, 2024 as follows: Domestic coffee prices continue to increase, with an increase of about 2,700 - 2,800 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 113,700 VND/kg, the highest purchase price in Dak Nong province is 114,000 VND/kg.
Specifically, the coffee purchase price in Gia Lai province is at a fairly high level of 113,700 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 114,000 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 113,500 VND/kg.
Coffee prices today (November 16) in Dak Lak province; in Cu M'gar district, coffee is purchased at 113,800 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 113,700 VND/kg.
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| Domestic coffee prices on November 16, 2024 |
Last week, world and domestic coffee prices continued to increase, with Arabica prices reaching a 13-year high on November 15.
According to experts, this price increase is supported by concerns about adverse weather affecting supply in Brazil and the ongoing harvest in the Central Highlands provinces of Vietnam.
Recent storms have slowed Vietnam’s coffee harvest and rain remains a concern as buyers say the crop could shrink by up to 10%, to its lowest level in a decade.
According to the Brazilian Coffee Exporters Association (Cecafe), the country increased its exports in October 2024 by 10.5% compared to the same month last year, reaching a record 4.57 million bags. Of which, Arabica exports increased by 7% to 3.7 million bags, Robusta exports increased by 27% to 871,000 bags.
Meanwhile, coffee producers in Brazil are holding back coffee in hopes of higher prices. These optimistic expectations are fueled by uncertain prospects for the 2024-25 crop, which has been significantly affected by a months-long drought.
The Brazilian Real has depreciated against the US dollar, but coffee farmers in Brazil are restricting coffee supply to the market in the hope of higher prices in the future, which has tightened supply to the market and supported coffee prices to increase recently.
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