Domestic coffee prices continue to rise.

World coffee prices at 4:30 AM on November 15, 2024, were updated on the Vietnam Commodity Exchange (MXV) (MXV continuously updates world coffee prices, matching those of exchanges worldwide; it is the only channel in Vietnam that continuously updates prices linked to exchanges around the world).

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 on November 15, 2024

At the close of trading, Robusta coffee prices on the London exchange at 4:30 AM on November 15, 2024, continued to rise sharply, fluctuating between US$4,354 and US$4,867 per ton. Specifically, the January 2025 delivery contract was US$4,777 per ton (up US$145 per ton); the March 2025 delivery contract was US$4,695 per ton (up US$143 per ton); the May 2025 delivery contract was US$4,623 per ton (up US$137 per ton); and the July 2025 delivery contract was US$4,544 per ton (up US$139 per ton).

Coffee prices updated at 4:30 AM on November 15, 2024.

Similarly, Arabica coffee prices on the New York exchange on the morning of November 15, 2024, maintained a high increase, fluctuating between 266.00 and 285.05 cents/lb. Specifically, the December 2024 delivery contract was 278.95 cents/lb (up 7.30 cents/lb); the March 2025 delivery contract was 279.40 cents/lb (up 8.20 cents/lb); the May 2025 delivery contract was 277.75 cents/lb (up 7.85 cents/lb); and the July 2025 delivery contract was 274.50 cents/lb (up 7.65 cents/lb).

Coffee prices on November 15, 2024

Brazilian Arabica coffee prices on the morning of November 15, 2024 showed mixed increases and decreases across different delivery periods. Specifically, the December 2024 delivery contract was $360.20/ton (up $0.80/ton); the March 2025 contract was $354.95/ton (down $0.10/ton); the May 2025 contract was $343.25/ton (up $10.40/ton); and the July 2025 contract was $338.80/ton (up $10.10/ton).

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 19:00 to 02:35 (the next day), Vietnam time.

Domestic coffee prices, updated at 4:30 AM on November 15, 2024, are as follows: Domestic coffee prices continue to rise, increasing by approximately 700 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 111,000 VND/kg, with the highest purchase price in Dak Nong province at 111,200 VND/kg.

Specifically, the purchase price of coffee in Gia Lai province was quite high at 111,000 VND/kg; in Dak Nong province, coffee was purchased at the highest price of 111,200 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 110,800 VND/kg.

Today's coffee prices (November 15th) in Dak Lak province are as follows: in Cu M'gar district, coffee is being purchased at 111,000 VND/kg, while in Ea H'leo district and Buon Ho town, it is being purchased at the same rate of 110,900 VND/kg.

Coffee prices on November 15th, domestic coffee prices on November 15th, 2024

According to experts, the current supply of Robusta coffee is becoming scarce as exports from Vietnam slow down, further straining the global coffee market and supporting price increases.

According to the ICO report, global coffee exports in September increased by 24.9% year-on-year, totaling over 10.7 million bags. At the end of the 2023-2024 crop year (October 2023 to September 2024), total global coffee exports increased by 11.7% year-on-year, reaching a record 137.3 million bags.

Coffee prices continued their upward trend this week, with Arabica reaching a seven-week high. Those in the Brazilian coffee industry are holding back supply from the market in hopes of further price increases, tightening cash market supply and driving prices higher.

In the Vietnamese market, coffee growers in the Central Highlands provinces are currently entering the 2024 harvest season. At present, coffee prices are high, so farmers are very enthusiastic.

Many farmers in Dak Lak province reported that in the 2024 coffee crop season, most coffee plantations were severely affected by the drought, resulting in uneven fruit production and reduced yields. However, the current high purchase prices of coffee are compensating for the lower yield.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-15112024-gia-ca-phe-trong-nuoc-tiep-tuc-tang-cao-358845.html