World coffee prices in the early morning of March 17, 9, at 2024:4 a.m., were updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching the trading floors in the world, is the only channel in Vietnam that continuously updates links with trading floors around the world).
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 throughout the trading hours of the exchange, updated by website www.giacaphe.com update as follows:
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| Coffee prices today, July 17, 9: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com |
At the end of the trading session, the price of Robusta coffee on the London floor on September 17, 9 at 2024:5 a.m. was 30 - 4.618 tons. Specifically, the delivery period for November 5.246 was 11 USD/ton; the delivery period for January 2024 was 5.246 USD/ton; the delivery period for March 1 was 2025 USD/ton and the delivery period for May 4.977 was 3 USD/ton.
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| Coffee prices today July 17, 9: New York Arabica coffee prices (Photo: Screenshot giacaphe.com |
Arabica coffee prices on the New York floor on the morning of September 17, 9 were dominated by red, with a decrease of 2024 - 0.30 cents/lb. Specifically, the December 0.90 delivery period was 12 cents/lb, down 2024%; the March 258.55 delivery period was 0.35 cents/lb (down 3%); the May 2025 delivery period was 256.10 cents/lb (down 0.19%) and the July 5 delivery period was 2025, down 253.65%.
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| Coffee prices today July 17, 9: Brazilian Arabica coffee price. (Photo: Screenshot from giacaphe.com) |
The price of Brazilian Arabica coffee on the morning of September 17, 9 increased and decreased in opposite directions. Specifically, the delivery period for September 2024 was 9 USD/ton, down 2024%; the delivery period for December 312.00 was 1.56 USD/ton (up 12%); the delivery period for March 2024 was 308.10 USD/ton, up 0.29% and the delivery period for May 3 was 2025 USD/ton, down 310.00%.
Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.
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| Coffee price today September 17, 9: Will there be a price correction before increasing again? |
Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 and closes at 01:30 (the next day), Vietnam time.
For Arabica coffee traded on the Brazilian B3 floor, it will be open from 19:00 - 02:35 (the next day), Vietnam time.
Domestic coffee prices were updated at 4:30 a.m. on September 17, 9 as follows: The domestic coffee market today decreased slightly by 2024 - 100 VND/kg, ranging from 200 - 123.500. Currently, the average purchase price in the Central Highlands provinces is 123.800 VND/kg, the highest purchase price in the province Dak Nong, Dak Lak, Gia Lai, Kon Tum is 123.800 VND/kg.
Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 123.800 VND, down 100 VND/kg compared to yesterday, in Pleiku and La Grai the price is 123.700 VND/kg. In Kon Tum province, the price is 123.800 VND/kg, down 100 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at 123.800 VND/kg, down 200 VND/kg compared to yesterday.
Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee was purchased at 123.500 VND/kg, unchanged from yesterday.
Coffee prices today (September 17) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 9 VND/kg, down 123.800 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 200 VND/kg.
Hopes of a rate cut by the US Federal Reserve (Fed) have sent the dollar index tumbling and prompted buying in commodities, with the agency expected to announce a rate cut at its meeting on September 19. Markets are now turning their attention to the Federal Open Market Committee (FOMC) meeting, which is considered one of the most influential meetings of the year, with expectations for the first rate cut since 9.
According to experts, there is a lot of information to predict that prices will continue to increase, but about half a month ago, when the winter in Brazil was entering its final stage, if anyone had said that robusta prices would exceed 5000 USD/ton, no one would have believed it. But now it has happened.
Coffee production in Vietnam, the world’s top robusta exporter, is expected to fall sharply in 2024/25 to a 13-year low. Meanwhile, the return of mainstream coffee markets in the northern hemisphere after the summer holidays will help spur some physical coffee trading in the coming months ahead of winter roasting in Europe and the US.
According to the assessment, world coffee prices will continue to fluctuate strongly from now until the end of 2024 due to bad weather, transportation disruptions as well as a tightening legal environment in many countries. Tensions will ease in 2025 but prices in the long term will still tend to increase due to climate change and many other factors.
The sustained high prices, coupled with doubts about Brazil’s next coffee crop, have dampened sales. The lack of rain in Brazil has left soil moisture very low, leaving growers worried that both coffee varieties will be too weak to flower next year’s crop amid a global coffee shortage.
In the robusta market, the amount of coffee exported from Vietnam decreased by 12,1% in the first 8 months of the year, continuing to put pressure on the price of this commodity. In Vietnam, currently, the coffee area cannot be expanded due to fierce competition with products such as durian and pepper, so people in the Central Highlands are promoting replanting to improve productivity.
Coffee price list today June 17, 9
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*Information is for reference only, prices may vary depending on region and locality
Sources: https://congthuong.vn/gia-ca-phe-hom-nay-1792024-lieu-co-dot-dieu-chinh-gia-xuong-truoc-khi-tang-tro-lai-346342.html
