World coffee prices
Early morning of October 26 (Vietnam time), on the London floor, Robusta coffee futures for November 2024 delivery were trading at $4,368/ton, down $114/ton. Futures for January 2025 delivery were trading at $4,337/ton, down $106/ton compared to the previous day.
Arabica coffee prices on the New York floor for December 2024 delivery were trading at 245 cents/lb, down 7 cents/lb from the previous trading session. Futures for March 2025 delivery were trading at 244 cents/lb, down 7 cents/lb.
Illustration photo: Industry and Trade Newspaper.
Domestic coffee prices
Domestic coffee prices today recorded a general decrease, fluctuating between 108,400 - 108,800 VND/kg.
Specifically, today's coffee price in Dak Lak is trading at 108,600 VND/kg, down 1,200 VND/kg compared to yesterday's trading session.
Today's coffee price in Lam Dong is recorded at 108,400 VND/kg, down 1,200 VND/kg.
Coffee price in Gia Lai today recorded transactions at 108,600 VND, down 1,200 VND/kg from the previous trading session.
Coffee prices today in Dak Nong also recorded a decrease of 1,200 VND/kg, trading at 108,400 VND/kg.
According to the report of the US Department of Agriculture (USDA), in the 2024 - 2025 coffee crop year, Brazil leads with a total output of 69.9 million bags, including 48.2 million bags of Arabica and 21.7 million bags of Robusta.
Vietnam followed with about 29 million bags, of which 24.4 million bags were exported, leaving 4.6 million bags for domestic consumption.
In recent years, the increase in coffee prices has encouraged farmers to invest more in taking care of their gardens, while the replanting project of the Ministry of Agriculture and Rural Development has also contributed to improving productivity.
However, the increase in coffee growing area in the Central Highlands provinces is posing a risk of overproduction if there is no timely adjustment.
Coffee market expert Nguyen Quang Binh warned that 2024 will see strong price fluctuations, benefiting farmers but also pushing many businesses into difficulties.
To develop sustainably, the coffee industry needs to improve its supply chain, enhance product quality and invest in deep processing to adapt to the ever-changing market.
Source: https://vtcnews.vn/gia-ca-phe-hom-nay-26-10-dong-loat-giam-ar903938.html
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