Big discount of 1,500 VND nationwide

Specifically, in Di Linh, Lam Ha, Bao Loc districts ( Lam Dong ), today's coffee price is purchased at 121,700 VND/kg.

In Cu M'gar district ( Dak Lak ), today's coffee price is at 122,100 VND/kg. In Ea H'leo district ( Dak Lak ), Buon Ho ( Dak Lak ), today's coffee price is purchased at the same level of 122,000 VND/kg.

Similarly in Dak Nong province, today's coffee purchase price is at 122,100 VND/kg in Gia Nghia and 122,000 VND/kg in Dak R'lap.

In Gia Lai province, coffee price today is at 122,000 VND/kg (Chu Prong), in Pleiku and La Grai the price is 121,900 VND/kg.

Today's coffee price in Kon Tum province is purchased at 122,000 VND/kg.

Economist Nguyen Quang Binh said that coffee prices fell due to speculators selling after they bought large quantities of previous contracts.

The decline was also fueled by the US Federal Reserve's decision to cut interest rates, along with coffee not being seen as a safe investment like gold.

The gold market is witnessing a strong increase in price, attracting investment capital from coffee to precious metals.

At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery decreased by 166 USD/ton, at 5,082 USD/ton, and for January 2025 delivery decreased by 165 USD/ton, at 4,824 USD/ton.

Arabica coffee prices for December 2024 delivery decreased by 10.15 cents/lb to 251.50 cents/lb, and for March 2025 delivery decreased by 10.25 cents/lb to 249.45 cents/lb.

Brazilian coffee producers are looking forward to rain to kick off the flowering season. Recent weather forecasts show a chance of rain in coffee-producing regions, which could be enough to spur flowering.

Regular rain and stable moisture levels are important to sustain this process. Insufficient rain can trigger flowering but then be followed by dry weather, reducing crop potential. The latest report shows that rain is not enough to increase soil moisture in southern Brazil, but it can alleviate dry conditions.

Investors and farmers need to be updated regularly to make investment and production decisions in line with developments in the global coffee market, especially in the context of economic policies and volatile weather.

Source: https://baodaknong.vn/gia-ca-phe-hom-nay-21-9-2024-giam-manh-1-500-dong-tren-ca-nuoc-229766.html