Domestic prices increased for the third consecutive day; Robusta added nearly 100 USD/ton

Update coffee prices today November 14, 2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Kon Tum coffee, green coffee, Arabica coffee November 14, 2024.

Today's coffee prices were updated at 4:30 a.m. on November 14, 2024 as follows, according to www.giacaphe.com, today's domestic coffee prices increased by 300-600 VND/kg, ranging from 110,100-110,400 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 110,300 VND/kg, the highest purchase price in Dak Nong province is 110,400 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 110,300 VND, an increase of 600 VND/kg, in Pleiku and La Grai the same price is 110,200 VND/kg; In Kon Tum province, the price is 110,300 VND/kg, an increase of 600 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 110,400 VND/kg, an increase of 500 VND/kg.

The price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 110,100 VND/kg, an increase of 300 VND/kg.

Coffee prices today November 14, 2024: Domestic prices increased for the third consecutive day; Robusta increased by nearly 100 USD/ton

Domestic coffee prices (November 14) in Dak Lak province; in Cu M'gar district, coffee was purchased at about 110,300 VND/kg, an increase of 600 VND/kg, while in Ea H'leo district and Buon Ho town, coffee was purchased at the same price of 110,200 VND/kg.

World coffee prices in the early morning of November 14, 2024, at 4:30 am, were updated on the Vietnam Commodity Exchange MXV (the only channel in Vietnam that continuously updates and links to exchanges 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 during the trading hours of the exchange, updated by www.giacaphe.com as follows:

Coffee price today November 14, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

At the end of the trading session, the price of Robusta coffee on the London floor on November 14, 2024 at 4:30 a.m. increased to 4,405 - 4,632 USD/ton. Specifically, the delivery period for January 2025 was 4,632 USD/ton (up 95 USD/ton); the delivery period for March 2025 was 4,552 USD/ton (up 91 USD/ton); the delivery period for May 2025 was 4,486 USD/ton (up 92 USD/ton) and the delivery period for July 2025 was 4,405 USD/ton (up 88 USD/ton).

Arabica coffee prices on the New York floor on November 14, 2024. (Photo: Screenshot of giacaphe.com)

Arabica coffee prices on the New York floor on the morning of November 14, 2024 increased from 266.85 - 271.65 cents/lb. Specifically, the December 2024 delivery period is 271.65 cents/lb (up 3.07%); the March 2025 delivery period is 271.20 cents/lb (up 3.08%); the May 2025 delivery period is 269.90 cents/lb (up 3.23%) and the July 2025 delivery period is 266.85 cents/lb (up 3.27%).

Brazilian Arabica coffee price on November 14, 2024. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee increased on the morning of November 14, 2024. Specifically, the delivery period for December 2024 is 328.70 USD/ton (up 6.41%); the delivery period for March 2025 is 338.75 USD/ton (up 0.82%); the delivery period for May 2025 is 332.85 USD/ton (up 3.48%) and the delivery period for July 2025 is 328.70 USD/ton (up 6.41%).

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 on the ICE Futures US floor (New York floor) opens at 16:15 and closes at 01:30 (next day), Vietnam time.

For Arabica coffee traded on the B3 Brazil floor, it will be open from 19:00 - 02:35 (next day), Vietnam time.

Coffee prices extended their rally this week on Wednesday, with Arabica hitting a seven-week high. Brazilian coffee buyers are holding back supplies of coffee from the market in hopes of higher prices, tightening the cash market and boosting prices.

In addition, the prospect of continued drought in Minas Gerais state, Brazil’s largest Arabica coffee producing region, is supporting Arabica prices. Robusta supplies are tightening and supporting Robusta prices as the General Department of Customs reported on Monday that Vietnam’s coffee exports in October fell 11.6 percent from the previous month to 45,412 tons and Vietnam’s coffee exports in the first 10 months fell 11.1 percent from the same period last year to 1.15 million tons.

Despite favorable weather in Brazil, supply and demand factors are being overlooked as investors pump money into commodities following the US election.

Vietnam’s low export data in recent months, along with a rising US dollar, has caused both domestic and international coffee markets to rise continuously. In addition, information about consecutive storms and rains targeting key coffee harvesting areas in Vietnam has created the threat of supply disruption.

The Buon Ma Thuot Coffee Association forecasts that the 2024/25 coffee crop in Dak Lak could decrease by 5-10% compared to the previous crop. The reason is that thousands of hectares of coffee suffered from drought and water shortages during the 2024 dry season, affecting the growth of the trees.

Gia Lai is currently one of the key coffee production and export localities in Vietnam. In the first 10 months of 2024, the province's export turnover was 750 million USD, reaching 100% of the yearly plan and increasing by 29.39% over the same period last year.

The market is also watching the US administration’s trade policy after Donald Trump won the presidential election. This situation could increase capital flows into speculative agricultural products, especially coffee, helping prices continue to rise in the short term.

Coffee price list today 11/14/2024