Coffee prices are stable at a fairly high level.

Coffee prices today, December 4, 2024 on the world market, at 4:30 am, were updated on the MXV Vietnam Commodity Exchange (world coffee prices are continuously updated by MXV, matching with exchanges around the world, the only channel in Vietnam that continuously updates and links with 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 as follows:

At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 4, 2024, red dominated and continued to decrease sharply, the decrease was from 199 - 208 USD/ton, fluctuating from 4,390 - 4,772 USD/ton. Specifically, the delivery period for January 2025 was 4,626 USD/ton; the delivery period for March 2025 was 4,604 USD/ton; the delivery period for May 2025 was 4,544 USD/ton and the delivery period for July 2025 was 4,477 USD/ton.

Similarly, on the morning of December 4, 2024, the price of New York Arabica coffee decreased slightly across delivery terms, ranging from 280.10 - 300.85 cents/lb. Specifically, the delivery term for March 2025 was 295.50 cents/lb; the delivery term for May 2025 was 293.65 cents/lb; the delivery term for July 2025 was 289.60 cents/lb and the delivery term for September 2025 was 285.05 cents/lb (down 19.70 cents/lb).

At the end of the trading session on the morning of December 4, 2024, the price of Brazilian Arabica coffee continued to fluctuate between delivery terms, ranging from 359.80 - 372.50 USD/ton. Specifically, the delivery term for December 2024 was 369.75 USD/ton; the delivery term for March 2025 was 372.95 USD/ton; the delivery term for May 2025 was 364.25 USD/ton and the delivery term for July 2025 was 358.75 USD/ton.

Domestic coffee prices were updated at 4:30 a.m. on December 4, 2024 as follows: Domestic coffee prices turned around and plummeted, the decrease was considered a record with a range of 19,000 - 19,800 VND/kg. Currently, the average purchase price in the Central Highlands provinces is at 109,200 VND/kg.

Specifically, the coffee purchase price in Gia Lai province is at 109,000 VND/kg (down 19,000 VND/kg). The coffee purchase price in Dak Nong province is at about 109,500 VND/kg (down 19,000 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 108,000 VND/kg (down 19,800 VND/kg).

Coffee prices today (December 4) in Dak Lak province; in Cu M'gar district, coffee is purchased at 109,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at 108,900 VND/kg.

Coffee price tomorrow December 5, 2024

In just 3 days of price reduction, coffee lost all the “achievements” it had made in the past month of consecutive increases. Thus, after only the first three days of the week, domestic coffee prices have decreased by 22,000 – 22,500 VND/kg (equivalent to 17%) compared to the peak of 129,500 – 130,500 VND/kg reached at the end of last week.

According to experts, the sharp drop in coffee prices is believed to be due to the weakening of the Brazilian real, which has prompted speculators to sell off and there has now been a wave of selling in Vietnam right after the first signs of falling prices on the ICE futures exchange.

According to coffee market researcher Nguyen Quang Binh, the price of Arabica coffee has risen to its highest level in 50 years, which has stimulated investors to take profits, putting downward pressure on both exchanges. In addition, the stronger US dollar has also caused Brazilian farmers to increase coffee sales to earn foreign currency, pushing coffee prices down.

In addition, the current increase in the margin required to be allowed to trade on the two coffee exchanges puts traders on the exchanges (whether for speculative purposes or to protect prices) at a disadvantage because they have to pay a large amount of money, limiting their ability to participate. This is also one of the reasons why coffee prices have increased and decreased rapidly in recent times. Moreover, increasing the margin also forces those holding buying and selling positions to reduce the number of trading contracts. When hedge funds on the two exchanges are still carrying too many overbought contracts, increasing the margin forces them to sell some of them to keep a few contracts if they still want to keep their short positions. The exchange with the most overbought contracts is at risk of being sold off more, causing the price to fall even further.

It is predicted that coffee prices will decrease slightly, but will still remain at 100,000 - 110,000 VND/kg. Because the market continues to worry about the coffee supply in major producing countries such as Brazil, Vietnam... due to unfavorable weather.

Source: https://congthuong.vn/du-bao-gia-ca-phe-ngay-mai-5122024-gia-ca-phe-on-dinh-o-muc-kha-cao-362485.html