Domestic price increased slightly, world Robusta price increased rapidly, setting a new record

World coffee prices in the early morning of September 27, 2024, at 4:20 am, were updated on the Vietnam Commodity Exchange MXV ( world coffee prices are continuously updated by MXV, matching world exchanges, the only channel in Vietnam that continuously updates and links to world exchanges).

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 September 27, 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 September 27, 2024 at 4:30 a.m. was 4,759 - 5,527 tons. Specifically, the delivery period for November 2024 was 5,527 USD/ton, an increase of 81 USD/ton; the delivery period for January 2025 was 5,242 USD/ton, an increase of 90 USD/ton; the delivery period for March 2025 was 5,029 USD/ton, an increase of 93 USD/ton and the delivery period for May 2025 was 4,859 USD/ton, an increase of 72 USD/ton.

Coffee price today September 27, 2024: New York Arabica coffee price. (Photo: Screenshot giacaphe.com)

Arabica coffee prices on the New York floor on the morning of September 27, 2024, green dominated, with an increase of 4.70 - 4.90 cents/lb. Specifically, the December 2024 delivery period was 273.90 cents/lb, up 1.78%; the March 2025 delivery period was 271.75 cents/lb, up 1.84%); the May 2025 delivery period was 269.05 cents/lb (up 1.86%) and the July 2025 delivery period was 265.60, up 1.80%.

Coffee price today September 27, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com)

The price of Brazilian Arabica coffee on the morning of September 27, 2024 increased and decreased in different directions. Specifically, the delivery period for December 2024 was 325.00 USD/ton, up 0.29%; the delivery period for March 2025 was 325.50 USD/ton (down 0.38%); the delivery period for May 2025 was 331.65 USD/ton, up 2.00% and the delivery period for July 2025 was 327.10 USD/ton, up 1.93%.

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

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

Coffee price today September 27, 2024: Domestic price increased slightly, world Robusta price increased rapidly, setting a new record

Domestic coffee prices were updated at 4:30 a.m. on September 27, 2024 as follows: Today's domestic coffee market increased by 100 - 1,200 VND/kg, ranging from 120,800 - 122,000. Currently, the average purchase price in the Central Highlands provinces is 121,400 VND/kg, the highest purchase price in Dak Nong, Dak Lak, Kon Tum provinces is 122,000 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 120,800 VND, an increase of 100 VND/kg compared to yesterday, in Pleiku and La Grai the price is 120,700 VND/kg. In Kon Tum province, the price is 122,000 VND/kg, an increase of 1,200 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at 122,000 VND/kg, an increase of 1,200 VND/kg compared to yesterday.

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 121,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday.

Coffee prices today (September 27) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 122,000 VND/kg, an increase of 1,200 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 120,700 VND/kg.

Wednesday’s trading session ended with gains on both coffee futures exchanges, marking the third consecutive session of gains. Notably, Arabica coffee prices approached $6,000 per ton – a record high in history.

Supply shortages in the world's two leading coffee producing countries, Brazil and Vietnam, continue to be a factor driving up coffee prices.

Consulting firm Hedgepoint forecasts Brazil's 2024-2025 coffee output to reach 63 million bags, down 3 million bags from the previous crop; meanwhile, Vietnam's coffee output is estimated at around 27 million bags, lower than the previous forecast.

Hedgepoint believes that the global coffee market could be in deficit for the fourth consecutive year, due to declining production in Vietnam and Brazil, and believes that coffee prices will continue to be supported by fundamental factors in the coming time.

Previously, the Brazilian government's Crop Supply Agency (CONAB) also lowered its forecast for Brazil's coffee output in 2024 by more than 4 million bags to 54.79 million bags, down 0.51% from 2023 and down nearly 7% from the previous forecast. Of which, Arabica coffee output decreased by 2.52 million bags, while Robusta coffee decreased by more than 1.5 million bags, down to 15.2 million bags, down 6% from the previous year.

The main reason for the decline in production in both countries was unfavorable weather. In Brazil, despite forecasts of rain, there was insufficient rainfall, causing some areas to remain partially dry. Meanwhile, in Vietnam, after several months of rain, coffee yields have improved compared to the drought at the beginning of the year. However, the market is still concerned about excessive rain due to the La Nina phenomenon during the harvest period, which continues to support coffee prices.

In about three months, farmers in the Central Highlands, including Dak Nong, will begin harvesting coffee. Due to fluctuations in coffee prices, businesses and cooperatives are worried about the lack of clean coffee supply. Businesses are concerned that the price difference between regular and clean coffee could make it difficult to purchase and sell. Harvesting unripe coffee could reduce clean coffee output and affect the reputation of Vietnamese coffee in the long term.

Coffee price list today 9/27/2024