Domestic coffee prices continue to rise

World coffee prices in the early morning of November 15, 2024, at 4:30 am were updated on the MXV Vietnam Commodity Exchange (world coffee prices are continuously updated by MXV, matching with world exchanges, the only channel in Vietnam that continuously updates and links with 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 on November 15, 2024

At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on November 15, 2024 continued to increase sharply, fluctuating from 4,354 - 4,867 USD/ton. Specifically, the delivery period for January 2025 is 4,777 USD/ton (up 145 USD/ton); the delivery period for March 2025 is 4,695 USD/ton (up 143 USD/ton); the delivery period for May 2025 is 4,623 USD/ton (up 137 USD/ton) and the delivery period for July 2025 is 4,544 USD/ton (up 139 USD/ton).

Coffee prices updated at 4:30 a.m. on November 15, 2024

Similarly, the price of Arabica coffee on the New York floor on the morning of November 15, 2024, maintained a high increase, fluctuating between 266.00 and 285.05 cents/lb. Specifically, the delivery period for December 2024 is 278.95 cents/lb (up 7.30 cents/lb); the delivery period for March 2025 is 279.40 cents/lb (up 8.20 cents/lb); the delivery period for May 2025 is 277.75 cents/lb (up 7.85 cents/lb) and the delivery period for July 2025 is 274.50 cents/lb (up 7.65 cents/lb).

Coffee price on November 15, 2024

The price of Brazilian Arabica coffee on the morning of November 15, 2024, increased and decreased mixedly across delivery periods. Specifically, the delivery period for December 2024 was 360.20 USD/ton (up 0.80 USD/ton); the delivery period for March 2025 was 354.95 USD/ton (down 0.10 USD/ton); the delivery period for May 2025 was 343.25 USD/ton (up 10.40 USD/ton) and the delivery period for July 2025 was 338.80 USD/ton (up 10.10 USD/ton).

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

Domestic coffee prices were updated at 4:30 a.m. on November 15, 2024 as follows: Domestic coffee prices continue to increase, increasing by about 700 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 111,000 VND/kg, the highest purchase price in Dak Nong province is 111,200 VND/kg.

Specifically, the coffee purchase price in Gia Lai province is at a fairly high level of 111,000 VND/kg; In Dak Nong province, coffee is purchased at the highest price of 111,200 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 110,800 VND/kg.

Coffee prices today (November 15) in Dak Lak province; in Cu M'gar district, coffee is purchased at 111,000 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 110,900 VND/kg.

Coffee price November 15, domestic coffee price November 15, 2024

Robusta supplies are now scarce as exports from Vietnam slow, adding to the global coffee market's tension and supporting rising prices, experts say.

According to the ICO report, global coffee exports in September increased by 24.9% compared to the same period last year, reaching a total of more than 10.7 million bags. At the end of the 2023-2024 crop year (October 2023 to September 2024), total global coffee exports increased by 11.7% compared to the previous crop year, reaching a record 137.3 million bags.

Coffee prices continued to rally this week with Arabica hitting a seven-week high. Brazilian coffee buyers are withholding coffee from the market in hopes of higher prices, tightening the cash market and boosting prices.

In the Vietnamese market, coffee growers in the Central Highlands provinces are currently entering the 2024 harvest season. At present, coffee prices are high, so farmers are very excited.

Many farmers in Dak Lak said that in the 2024 coffee crop, most of the coffee area was heavily affected by the drought, so the fruiting was uneven, leading to a decrease in output. However, coffee is currently being purchased at high prices, which also compensates for the low output.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-15112024-gia-ca-phe-trong-nuoc-tiep-tuc-tang-cao-358845.html