Domestic coffee prices continue to plummet

Update coffee prices today December 21, 2024, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, Arabica coffee December 21, 2024.

World coffee prices increase and decrease in opposite directions

Coffee prices today December 21, 2024 on the world market, at 4:00 a.m. updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).

People in Lam Dong harvest coffee. Photo: Van Long

Coffee prices at 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:

Robusta Coffee Price London December 21, 2024

At the end of the updated trading session at 4:00 a.m. on December 21, 2024, Robusta coffee prices on the London floor continued to "plummet" for the fourth consecutive trading session of the week, from 50-55 USD/ton, fluctuating between 4849 - 5011 USD/ton. Specifically, the delivery period for January 2025 is 5011 USD/ton (down 50 USD/ton); the delivery period for March 2025 is 5002 USD/ton (down 44 USD/ton); the delivery period for May 2025 is 4934 USD/ton (down 57 USD/ton) and the delivery period for July 2025 is 4849 USD/ton (down 55 USD/ton).

New York Arabica Coffee Price December 21, 2024

In contrast, Arabica coffee prices on the New York floor increased slightly compared to yesterday's trading session, increasing from 0.65 - 1.25 cents/lb, fluctuating from 302.75 - 325.00 cents/lb. Specifically, the delivery period for March 2025 is 325.00 cents/lb (up 1.25 cents/lb); the delivery period for May 2025 is 319.30 cents/lb (up 1 cent/lb); the delivery period for July 2025 is 311.65 cents/lb (up 0.65 cents/lb) and the delivery period for September 2025 is 302.75 cents/lb (up 1 cent/lb).

Brazilian Arabica Coffee Price on December 21, 2024

At the end of the trading session, the price of Brazilian Arabica coffee also increased slightly by 0.85 - 1.30 USD/ton compared to yesterday, ranging from 387.85 - 406.65 USD/ton. Specifically, the delivery period for March 2025 was 406.65 USD/ton (up 0.95 USD/ton); the delivery period for May 2025 was 398.10 USD/ton (up 1.30 USD/ton) and the delivery period for July 2025 was 387.85 USD/ton (up 0.85 USD/ton). In particular, the delivery period for December 2024 decreased sharply to 403.00 USD/ton (down 10.20 USD/ton).

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 traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day) Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 - 02:35 (next day) Vietnam time.

A business in Di Linh district, Lam Dong province sells coffee. Photo: Trinh Bau

Domestic coffee prices “plummet”

Under pressure from the world Robusta coffee price continuing to decrease sharply, domestic coffee prices also "plummeted" for the third consecutive session. According to information from Giacaphe.com, updated coffee prices at 4:00 a.m. today, December 21, 2024, the average domestic coffee price was at 121,900 VND/kg, down -1,900 VND/kg compared to yesterday.

Specifically, in Di Linh, Lam Ha districts, Bao Loc city (Lam Dong), coffee is being purchased at 121,500 VND/kg.

In Cu M'gar district (Dak Lak), coffee price is at 122,200 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho town (Dak Lak), coffee price is purchased at the same level of 122,400 VND/kg.

Similarly, in Dak Nong province, the coffee purchase price is at 122,000 VND/kg in Gia Nghia and 122,400 VND/kg in Dak R'lap.

In Gia Lai province, coffee price is at 121,800 VND/kg (Chu Prong), in Pleiku and La Grai the price is 122,000 VND/kg.

The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.

Y5Cafe always tries to stay as close as possible to each region, however there will be days when the listed price does not completely match the local coffee purchase price, but Y5Cafe believes that the listed information is a valuable reference source for farmers and coffee purchasing businesses.

Domestic coffee price list updated at 4:00 a.m. on December 21, 2024

Thus, this week has witnessed very unstable coffee prices in both the world and domestic markets. Specifically, in the world market, there have been consecutive "unstoppable declines" in Robusta coffee prices on the London floor. For Arabica coffee prices, things are more positive, with some days increasing and some days decreasing, but they are also in a state of deep decline and "weak" increase.

Regarding the domestic coffee price market, farmers in the Central Highlands are worried and insecure. Last week, bad weather and prolonged rain affected the quality of coffee. This week, coffee prices have dropped "miserably" for the third consecutive session, in just 3 days (from December 18 to 20, 2024), they have evaporated 3,000 VND/kg and are expected to continue to decrease in the coming time.

On a positive note, according to information from the Dak Lak Provincial People's Committee, the 9th Buon Ma Thuot Coffee Festival will be held from March 9 to 13, 2025 with the theme "Buon Ma Thuot - World Coffee Destination". The event promises to bring many attractive programs, attracting the attention of many people and tourists both domestically and internationally.

Through 8 previous editions, Buon Ma Thuot Coffee Festival has affirmed its position as a prominent event in the Vietnamese coffee industry. The festival is not only an occasion to promote coffee culture but also an opportunity for locals and tourists to experience the unique flavor of Buon Ma Thuot coffee, one of the world's leading coffee producing regions.

This event is expected to continue to leave many good impressions, contributing to promoting local tourism, enhancing cultural exchange and promoting the image of Vietnamese coffee to the world.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-21122024-gia-ca-phe-trong-nuoc-tiep-tuc-lao-doc-365394.html