World coffee prices at 4:30 AM on October 2nd, 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 today, October 2nd, 2024: Robusta coffee prices on the London exchange. (Image: Screenshot from giacaphe.com) |
At the close of trading on October 2, 2024, at 4:30 AM, Robusta coffee prices on the London exchange were trading at 4,777 – 5,445 tons. Specifically, the November 2024 delivery contract was 5,445 USD/ton, down 53 USD/ton; the January 2025 delivery contract was 5,179 USD/ton, down 46 USD/ton; the March 2025 delivery contract was 4,945 USD/ton, down 50 USD/ton; and the May 2025 delivery contract was 4,777 USD/ton, down 48 USD/ton.
 |
| Coffee prices today, October 2nd, 2024: New York Arabica coffee prices. (Image: Screenshot from giacaphe.com) |
Arabica coffee prices on the New York exchange on the morning of October 2, 2024, were predominantly in the red, falling by 5.20 – 6.10 cents/lb. Specifically, the December 2024 delivery contract was 264.15 cents/lb, down 2.26%; the March 2025 contract was 262.15 cents/lb, down 2.16%; the May 2025 contract was 259.80 cents/lb (down 2.05%); and the July 2025 contract was 257.00 cents/lb, down 1.98%.
 |
| Coffee prices today, October 2nd, 2024: Brazilian Arabica coffee prices. (Image: Screenshot from giacaphe.com) |
Brazilian Arabica coffee prices on the morning of October 2nd, 2024 showed mixed movements. Specifically, the December 2024 delivery contract was $317.50/ton, up 0.80%; the March 2025 contract was $316.00/ton (up 0.60%); the May 2025 contract was $319.45/ton, down 2.20%; and the July 2025 contract was $315.70/ton, down 2.14%.
 |
| Coffee prices today, October 2nd, 2024: Why is the market cooling down? |
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 October 2nd, 2024, are as follows: The domestic coffee market saw a slight increase of 100 VND/kg today, ranging from 121,000 to 122,100 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 121,000-122,000 VND/kg, with the highest purchase price in Dak Lak province at 122,100 VND/kg , reflecting a small difference in demand across different regions.
In Lam Dong province, coffee prices are being purchased at a relatively uniform rate, fluctuating around 121,100 VND/kg in the districts of Di Linh, Lam Ha, and Bao Loc.
In Dak Lak province, coffee prices show a more pronounced difference. Cu M'gar district recorded the highest price at 122,100 VND/kg, while Ea H'leo and Buon Ho districts had the same price of 122,000 VND/kg. This could be due to the higher quality of coffee in Cu M'gar or stronger demand for coffee in that area.
In Dak Nong province, coffee prices also show a slight difference between Gia Nghia and Dak R'lap districts, at 121,200 VND/kg and 121,100 VND/kg respectively.
Gia Lai province recorded relatively lower coffee prices compared to other provinces, at 121,000 VND/kg in Chu Prong district and 120,900 VND/kg in Pleiku and La Grai districts.
Finally, Kon Tum province has a coffee purchase price of 121,000 VND/kg, equivalent to the price in some districts of Gia Lai.
The price differences for coffee between provinces and districts can be explained by many factors such as coffee quality, purchasing demand, transportation costs, and other market-related factors.
However, overall, the coffee market today remains stable, with prices fluctuating only slightly, reflecting a balance between supply and demand.
The Central Highlands are entering the coffee harvest season, marking the beginning of the third quarter of the year. This year, the prolonged drought has created unprecedented challenges for coffee growers. Coffee production is projected to decrease by 10-15% compared to last year, as the drought has resulted in smaller coffee berries and beans, directly impacting harvest yields.
However, the coffee market is witnessing an unexpected phenomenon. Coffee prices are currently at a record high of 120,000 VND/ton, three times higher than the average. This sends a positive signal to coffee growers, giving them confidence to invest and maintain long-term production. Although production has decreased, the high price helps to partially offset the losses caused by the drought, ensuring income for the people.
In Lam Dong and Dak Lak provinces, the coffee harvest season has started earlier than expected. Although production has been affected by drought, high coffee prices have resulted in better incomes for growers compared to last year. Coffee farmers in these areas share that, despite lower yields, they are still able to earn profits equivalent to or even higher than last year.
It is expected that from the end of October 2024, when Vietnam enters its official harvest season, coffee production will increase again. With current coffee prices, Vietnam's coffee export industry promises to reach $6 billion, an impressive figure that will contribute to the country's economic growth.
Coffee price list today, October 2, 2024
 |
*This information is for reference only; prices may vary depending on the region and location.
![[Photo] Rich in color and flavor, Spring Fair - Nhan Dan Newspaper Trade Union](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2026/03/05/1772699709633_img-2781-2340-jpg.webp)
Comment (0)