Slight correction from the market

Specifically, in Di Linh, Lam Ha, Bao Loc districts ( Lam Dong ), today's coffee price is purchased at 123,500 VND/kg.

In Cu M'gar district ( Dak Lak ), today's coffee price is at 123,800 VND/kg. In Ea H'leo district ( Dak Lak ), Buon Ho ( Dak Lak ), today's coffee price is purchased at the same level of 123,700 VND/kg.

Similarly in Dak Nong province, today's coffee purchase price is at 123,800 VND/kg in Gia Nghia and 123,700 VND/kg in Dak R'lap.

In Gia Lai province, coffee price today is at 123,800 VND/kg (Chu Prong), in Pleiku and La Grai the price is 123,700 VND/kg.

Today's coffee price in Kon Tum province is purchased at 123,800 VND/kg.

In the first eight months of 2024, a 12.1% decline in Vietnam’s Robusta coffee exports has created pricing challenges for the commodity. Competition from other crops such as durian and pepper has limited the expansion of coffee growing areas in Vietnam, leading farmers in the Central Highlands to focus on replanting to increase production efficiency.

Analysts predict that global coffee prices will continue to experience significant volatility until the end of 2024, due to the impact of unfavorable weather conditions, disruptions in the supply chain, and increasingly stringent regulations in many countries.

Despite the potential for easing tensions by 2025, coffee prices are expected to remain on an upward trend in the long term, driven by the impact of climate change and other agricultural factors.

At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery increased by 188 USD/ton, at 5,455 USD/ton, and for January 2025 delivery increased by 175 USD/ton, at 5,173 USD/ton.

Arabica coffee prices for December 2024 delivery increased by 10.60 cents/lb to 270.05 cents/lb, and for March 2025 delivery increased by 10.35 cents/lb to 266.95 cents/lb.

Source: https://baodaknong.vn/gia-ca-phe-hom-nay-17-9-2024-nhip-dieu-chinh-nhe-tu-thi-truong-229397.html