Domestic price increased slightly, world price decreased due to high USD

Update coffee prices today 11/7/2024, online coffee prices, Central Highlands coffee, Lam Dong coffee, Kon Tum coffee, green coffee, Arabica coffee 11/7/2024.

Today's coffee prices were updated at 4:30 a.m. on November 7, 2024 as follows, according to www.giacaphe.com, today's domestic coffee prices increased by 600 VND/kg, ranging from 106,500-107,000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 106,800 VND/kg, the highest purchase price in Dak Nong , Dak Lak, Gia Lai, Kon Tum provinces is 107,000 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 107,000 VND, an increase of 600 VND/kg compared to yesterday, in Pleiku and La Grai the same price is 106,900 VND/kg; In Kon Tum province, the price is 107,000 VND/kg, an increase of 600 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at the highest price of 107,000 VND/kg, an increase of 600 VND/kg compared to yesterday.

Coffee price today November 7, 2024: Domestic price increased slightly, world price turned down again due to high USD

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 106,500 VND/kg, an increase of 600 VND/kg compared to yesterday.

Domestic coffee prices (November 7) in Dak Lak province; in Cu M'gar district, coffee was purchased at about 107,000 VND/kg, an increase of 600 VND/kg compared to yesterday, and in Ea H'leo district, Buon Ho town, it was purchased at the same price of 106,900 VND/kg.

World coffee prices in the early morning of November 7, 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 7, 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 7, 2024 at 4:30 a.m. decreased to 4,115 - 4,307 USD/ton. Specifically, the delivery period for January 2025 is 4,307 USD/ton (down 65 USD/ton); the delivery period for March 2025 is 4,248 USD/ton (down 55 USD/ton); the delivery period for May 2025 is 4,189 USD/ton (down 55 USD/ton) and the delivery period for July 2025 is 4,115 USD/ton (down 56 USD/ton).

Arabica coffee prices on the New York floor on November 7, 2024. (Photo: Screenshot of giacaphe.com)

Arabica coffee prices on the New York floor on the morning of November 7, 2024 decreased from 244.55 to 248.75 cents/lb. Specifically, the December 2024 delivery period is 248.75 cents/lb (down 0.56%); the March 2025 delivery period is 248.05 cents/lb (down 0.54%); the May 2025 delivery period is 246.70 cents/lb (down 0.58%) and the July 2025 delivery period is 244.55 cents/lb (down 0.59%).

Brazilian Arabica coffee price on November 7, 2024. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee decreased on the morning of November 7, 2024. Specifically, the delivery period for December 2024 is 304.00 USD/ton (down 0.08%); the delivery period for March 2025 is 302.95 USD/ton (down 0.26%); the delivery period for May 2025 is 302.15 USD/ton (down 0.62%) and the delivery period for July 2025 is 299.20 USD/ton (down 0.63%).

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 fell slightly on Wednesday as the US dollar index rose to a four-month high, which weighed on most commodities, including coffee. The US dollar index rose 1.64% to 105.1 points, its highest level in four months, as the US presidential election results named Donald Trump as the 47th president of the United States.

Coffee losses were contained due to concerns that unusual conditions in Brazil could limit the country's coffee output.

According to the Vietnam Coffee and Cocoa Association (VICOFA), in the 2023-2024 crop year, Vietnam exported coffee to the Hungarian market with the highest price, up to 7,886 USD/ton, followed by the Israeli market with a price of 6,061 USD/ton, Poland 5,699 USD/ton and the Lao market 5,155 USD/ton.

Coffee export prices in these markets are particularly high compared to the general average of 3,792 USD/ton.

The reason is that these markets mainly import processed and instant coffee products, so the value is high. Last year, Vietnam's green coffee exports had a record high price of 3,524/ton, while processed coffee had an average price of up to 5,507 USD/ton.

Rains in key coffee-producing regions in October facilitated crop flowering, raising producers' expectations for the 2025-2026 crop, according to the Agricultural Research Agency of the University of Sao Paulo (CEPEA, Brazil).

However, many coffee growers remain concerned about the development of flowers, due to the fact that coffee trees have been affected by high temperatures and lack of rain for nearly six months in some areas.

Producers need to focus on crop care. But for flowers to thrive, rains need to continue, otherwise the flowers may fall, leading to more significant losses next season.

The 2023-24 crop failure, high prices and low yields have led to a high rate of sales this year, leaving inventories tight, raising concerns about coffee supplies until Brazil’s next crop.

Vietnam’s robusta coffee harvest could help ease price pressure, but the smaller output may not be enough to restore global coffee supplies in the long term.

Coffee price list today 11/7/2024