Domestic coffee prices slightly decreased, world coffee prices increased sharply

World coffee prices in the early morning of June 25, 2024, at 4:20 am were updated on the MXV Vietnam Commodity Exchange (the only channel in Vietnam that continuously updates and connects 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 by www.giacaphe.com as follows:

Coffee price today June 25, 2024: Robusta coffee price on London floor

At the end of the trading session, the price of Robusta coffee on the London floor on June 25, 2024 at 4:30 a.m. increased to 3,909 - 4,501 USD/ton. Specifically, the delivery period for July 2024 is 4,501 USD/ton (up 202 USD/ton); the delivery period for September 2024 is 4,280 USD/ton (up 176 USD/ton); the delivery period for November 2024 is 4,089 USD/ton (up 156 USD/ton) and the delivery period for January 2025 is 3,909 USD/ton (up 136 USD/ton).

Coffee price today June 25, 2024: Arabica coffee price on New York floor

Similarly, the price of Arabica coffee on the New York floor on the morning of June 25, 2024 increased sharply, from 231.00 to 236.15 cents/lb. Specifically, the delivery period for September 2024 is 236.15 cents/lb (up 4.96%); the delivery period for December 2024 is 224.30 cents/lb (up 4.95%); the delivery period for March 2025 is 232.75 cents/lb (up 5.01%) and the delivery period for May 2025 is 231.00 cents/lb (up 5.24%).

Coffee price today June 25, 2024: Brazilian Arabica coffee price

The price of Brazilian Arabica coffee fluctuated on the morning of June 25, 2024. Specifically, the delivery period for July 2024 is 284.25 USD/ton (down 1.69%); the delivery period for September 2024 is 285.50 USD/ton (up 4.24%); the delivery period for December 2024 is 285.00 USD/ton (up 5.28%) and the delivery period for March 2025 is 269.05 USD/ton (down 2.57%).

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 open from 19:00 – 02:35 (next day), Vietnam time.

Domestic coffee prices were updated at 4:30 a.m. on June 25, 2024 as follows: According to www.giacaphe.com, domestic coffee prices today decreased slightly, ranging from 120,000 to 121,400 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 121,300 VND/kg, the highest purchase price in Dak Nong province is 121,400 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 121,200 VND, in Pleiku and La Grai the same price is 121,100 VND/kg; in Kon Tum province the price is 121,200 VND/kg; in Dak Nong province the coffee is purchased at the highest price of 121,400 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 120,000 VND/kg.

Coffee prices today (June 25) in Dak Lak province; in Cu M'gar district, coffee is purchased at about 121,300 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 121,200 VND/kg.

Vietnamese coffee is increasingly asserting its position in the world market as the value of coffee exports has increased steadily over the years, from 2.7 billion USD in 2020 to 4.2 billion USD in 2023 and promises to reach 5 billion USD this year.

World coffee prices may continue to rise sharply due to reduced output in most leading coffee exporting countries, especially Vietnam.

Vietnam’s coffee growers have been hit hard by the worst drought in nearly a decade this year, raising concerns about higher coffee prices worldwide, Reuters reported, with forecasts that this year’s coffee output could fall by 10-16%.

Vietnam Commodity Exchange (MVX) Deputy Director Nguyen Ngoc Quynh said output is expected to fall by 10-16% due to extreme heat in the Central Highlands coffee region from March to early May.

The return of rains in recent weeks has improved the supply outlook, but it remains uncertain whether this will boost production and lower prices for Robusta, the bean typically used in espresso and instant coffee. Vietnam is the world’s top producer of Robusta beans.

Brazil’s coffee supply has also been hit by heavy rains. In March, Brazil’s Minas Gerais region – which accounts for 30% of the country’s Arabica coffee production – received 235% more rain than the average for the year. Then, in April, there was no rain and the situation continued into May, damaging the country’s coffee crops.

Additionally, port congestion, shipping delays and geopolitical uncertainty are adding to supply concerns and are supporting price increases.

Coffee prices saw a strong recovery in the second half of May, rising from 195.1 US cents/pound to 220.7 US cents/pound as uncertainty over the 2024-2025 crop supply continued to increase, according to the International Coffee Organization (ICO).

Coffee prices were also supported by the strengthening of the USD against the Brazilian real (from 1 USD/5.05 BRL on May 8 to 1 USD/5.40 BRL on June 23).

Information for reference only. Prices may vary by location.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-2562024-gia-ca-phe-trong-nuoc-giam-nhe-gia-ca-phe-the-gioi-tang-manh-327913.html