Domestic prices have fallen sharply, dropping by more than 2,000 VND/kg.

Domestic coffee prices, updated at 4:30 AM on August 15, 2024, according to www.giacaphe.com, have sharply decreased by 2,200 VND/kg compared to yesterday, ranging from 116,600 to 117,300 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 117,000 VND/kg, with the highest purchase price in Dak Lak and Dak Nong provinces at 117,300 VND/kg.

Coffee prices today, August 15, 2024: Domestic prices fell sharply, dropping by more than 2,000 VND/kg.

Specifically, the purchase price of coffee in Gia Lai province (Chu Prong) is 117,100 VND/kg, while in Pleiku and La Grai it is 117,000 VND/kg; in Kon Tum province, coffee is purchased at 117,100 VND/kg; and in Dak Nong province, coffee is purchased at the highest price of 117,300 VND/kg.

In Lam Dong province, in districts such as Bao Loc, Di Linh, and Lam Ha, the price of bulk green coffee beans (green coffee beans, fresh coffee beans) is 116,600 VND/kg.

Today, August 15th, coffee prices in Dak Lak province are being purchased at approximately 117,300 VND/kg; in Cu M'gar district, coffee is being purchased at approximately 117,200 VND/kg, while in Ea H'leo district and Buon Ho town, the same price is 117,200 VND/kg.

In Dak Lak, approximately 90% of the coffee growing area and production is currently handled by individual farmers. However, the scale and area of ​​these farms are small and fragmented, making technology transfer difficult. Farmers' coffee production is still largely based on traditional, spontaneous methods, and the application of coffee replanting techniques is limited, with some replanted areas failing to achieve optimal results.

Therefore, the province has set a goal for coffee development that aims for high added value and sustainable development, oriented towards green growth; focusing on models and solutions to minimize environmental impacts while improving coffee quality. Along with this, it aims to establish planting area codes, provide traceability certification, and develop markets linked to brand building to facilitate consumption and generate high market value.

Coffee price list today, August 15, 2024

World coffee prices at 4:30 AM on August 15, 2024, were updated on the Vietnam Commodity Exchange (MXV).

Today's online coffee prices from the three main coffee futures exchanges, ICE Futures Europe, ICE Futures US, and B3 Brazil, are updated on www.giacaphe.com as follows:

Coffee prices today, August 15, 2024: Robusta coffee prices on the London exchange. (Image: Screenshot from giacaphe.com)

At the close of trading on August 15, 2024, at 4:30 PM, Robusta coffee prices on the London exchange rose to between $3,983 and $4,472 per ton. Specifically, the September 2024 delivery contract was $4,472 per ton (up $97 per ton); the November 2024 delivery contract was $4,292 per ton (up $105 per ton); the January 2025 delivery contract was $4,131 per ton (up $106 per ton); and the March 2025 delivery contract was $3,983 per ton (up $101 per ton).

Coffee prices today, August 15, 2024: New York Arabica coffee prices (Image: Screenshot from giacaphe.com)

Arabica coffee prices on the New York exchange on the morning of August 15, 2024, increased from 230.00 to 237.00 cents/lb. Specifically, the September 2024 delivery contract was 237.00 cents/lb (up 1.85%); the December 2024 contract was 234.65 cents/lb (up 2.44%); the March 2025 contract was 232.15 cents/lb (up 2.59%); and the May 2025 contract was 230.00 cents/lb (up 2.59%).

Coffee prices today, August 15, 2024: Brazilian Arabica coffee prices. (Image: Screenshot from giacaphe.com)

Brazilian Arabica coffee prices rose sharply on the morning of August 15, 2024. Specifically, the September 2024 delivery contract was $296.05/ton, up 0.12%; the December 2024 contract was $288.20/ton, up 0.20%; the March 2025 contract was $284.05/ton, up 2.80%; and the May 2025 contract was $280.05/ton (up 2.81%).

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 7:00 PM to 2:35 AM (the following day), Vietnam time.

The Brazilian coffee exporters association, Cecafé, also reported that total green coffee exports in the first seven months of 2024 increased by 51.88% year-on-year, reaching 25.83 million bags. This included 20.65 million bags of Arabica coffee, up 31.08%, and 5.18 million bags of Robusta Conilon coffee, up 313.7% year-on-year.

According to a report by the International Coffee Organization (ICO), global coffee exports in June increased by 3.8% year-on-year to nearly 10.8 million bags. For the first nine months of the current crop year (October of last year to June of this year), global coffee exports have increased by 10.1% year-on-year to 103.5 million bags.

Green coffee beans alone account for over 90% of total global coffee exports, with volumes reaching 9.8 million bags in June and a total of 93.8 million bags after the first nine months of the 2023-2024 crop year, representing increases of 3.8% and 10.7% respectively compared to the same period of the previous crop year.

Specifically, Brazil's exports of green Arabica coffee beans in the first nine months of the crop year reached 32.1 million bags, a 24.5% increase compared to the same period of the 2022-2023 crop year. This was mainly due to strong export growth from Brazil and Ethiopia, the two main producing countries of this coffee group.

Colombian Arabica coffee exports have also increased by 12.1% since the beginning of the crop year, reaching over 9.1 million bags. Favorable weather conditions have helped Colombia, the main producer and exporter of this coffee group, to recover positively and boost exports.

Additionally, exports of other Arabica coffee varieties increased slightly by 0.7% in the first nine months of the 2023-2024 crop year, reaching 16.7 million bags. This modest growth is attributed to the narrowing price difference between other Arabica varieties and Colombian Arabica, down to 1.1 US cents/pound compared to an average of 14.6 US cents/pound from the 2020-2021 to 2022-2023 crop years.

This information is for reference only. Prices may vary depending on the time and location.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-1582024-trong-nuoc-giam-manh-roi-mat-hon-2000-dongkg-339065.html