Update coffee prices today December 25, 2024, Central Highlands coffee, Lam Dong coffee, Gia Lai coffee, Dak Lak coffee, Robusta coffee, Arabica coffee December 25, 2024.
World coffee prices increase sharply
Coffee prices today December 25, 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).
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| Lam Dong people next to their family's coffee garden full of fruit. Photo: Minh Hau |
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:
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| Robusta Coffee Price London December 25, 2024 |
At the end of the trading session, the price of Robusta coffee on the London floor at 4:00 a.m. on December 25, 2024 had a strong increase of 15-33 USD/ton, fluctuating between 4754 - 5041 USD/ton. Specifically, the delivery period for March 2025 is 5041 USD/ton (up 33 USD/ton); the delivery period for May 2025 is 4953 USD/ton (up 18 USD/ton); the delivery period for July 2025 is 4858 USD/ton (up 17 USD/ton); the delivery period for September 2025 increased by 4754 USD/ton (up 15 USD/ton).
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| Arabica Coffee Price New York December 25, 2024 |
Similarly, the price of Arabica coffee on the New York floor on the morning of December 25, 2024, also increased slightly, increasing from 1.35 - 2.35 cents/lb, fluctuating from 307.45 - 328.60 cents/lb. Specifically, the delivery period for March 2025 is 328.60 cents/lb (up 1.35 cents/lb); the delivery period for May 2025 is 323.35 cents/lb (up 1.50 cents/lb); the delivery period for July 2025 is 315.95 cents/lb (up 1.85 cents/lb) and the delivery period for September 2025 is 307.45 cents/lb (up 2.35 cents/lb).
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| Brazilian Arabica Coffee Price on December 25, 2024 |
At the end of the trading session, the price of Brazilian Arabica coffee on the morning of December 25, 2024 also increased simultaneously but not significantly and was updated as follows: The increase was from 0.09 - 1.80 USD/ton, ranging from 375.35 - 408.60 USD/ton. Specifically, the delivery period for March 2025 was 408.60 USD/ton (up 0.90 USD/ton); the delivery period for May 2025 was 401.45 USD/ton (unchanged from yesterday); the delivery period for July 2025 was 391.10 USD/ton (unchanged from yesterday) and the delivery period for September 2025 was 375.35 USD/ton (up 1.80 USD/ton).
Thus, according to records, all world coffee futures exchanges have switched to delivery terms from March 2025 to September 2025 (no longer have terms for December 2024 and January 2025).
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.
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| Filter bag coffee products of Thai Chau Da Lat Pure Coffee Company. Photo: Nguyen Phuong |
Domestic coffee prices increased slightly
According to information from Giacaphe.com, updated coffee prices at 4:00 a.m. today, December 25, 2024, the average domestic coffee price is at 120,800 VND/kg, an increase of +200 VND/kg compared to yesterday.
The highest coffee purchase price in key regions of the Central Highlands was recorded at 121,000 VND/kg. Specifically, today's coffee price in Dak Lak is 120,700 VND/kg, an increase of +200 VND/kg compared to yesterday. Coffee price in Lam Dong is 120,200 VND/kg, an increase of +200 VND/kg. Meanwhile, coffee price in Gia Lai today is 120,700 VND/kg, an increase of +400 VND/kg and coffee price in Dak Nong today remains unchanged at 121,000 VND/kg compared to yesterday.
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 you.
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| Domestic coffee price list updated at 4:00 a.m. on December 25, 2024 |
According to the assessment, the global coffee market continues to record remarkable fluctuations, creating both opportunities and challenges for Vietnamese coffee businesses and growers.
According to international trading floors, coffee prices have been on a correction trend after peaking in mid-2024. The main reason is more abundant supply thanks to increased production in major producing countries such as Brazil and Colombia. However, inflationary pressures and high interest rates in many importing countries still maintain strong pressure on prices.
In Vietnam, domestic coffee prices also fluctuate strongly according to world developments, causing farmers and export enterprises to still face great difficulties, in which the major difficulty is the high input costs, the price of fertilizers, pesticides and labor all increase, causing great pressure on production costs.
In terms of exports, the strengthening of the US dollar has reduced purchasing power from major markets such as Europe and the US. At the same time, stricter requirements on quality standards and traceability from the EU also require Vietnamese enterprises to invest more in control and certification systems.
Despite facing many challenges, the coffee market still opens up many opportunities for Vietnamese businesses: The trend of specialty coffee, the demand for high-quality coffee with unique flavors continues to increase strongly, especially in high-end markets. Vietnam with quality coffee varieties such as Arabica from Cau Dat, Lam Dong is in a great position to take the lead in this trend.
Instead of focusing solely on exporting green coffee, many businesses are shifting to developing deeply processed products such as instant coffee and coffee capsules. This not only increases export value but also reduces dependence on fluctuations in raw coffee prices.
In addition, the Asian market has expanded, with countries such as China, South Korea and India emerging as potential coffee consumption markets with strong growth rates.
Thus, in 2024, the Vietnamese coffee industry is facing an important turning point. To take advantage of opportunities and overcome challenges, close coordination between farmers, businesses and the Government is needed. In particular, improving product quality, diversifying markets and building a national brand are key factors for Vietnamese coffee to continue to affirm its position on the world map.
Source: https://congthuong.vn/gia-ca-phe-hom-nay-25122024-khoi-sac-o-tat-ca-cac-thi-truong-366057.html
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