Domestic coffee prices remain at 125,100 VND/kg

Coffee prices today December 16, 2024 on the world market, at 4:30 am updated on the Vietnam Commodity Exchange MXV (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).

People in Lam Dong province have no choice but to dry their coffee in the rain after harvesting. Photo: Van Long

Coffee prices at 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:

London Robusta Coffee Price on December 16, 2024

The price of Robusta coffee on the London floor on December 16, 2024, remained at a price range of 5046 - 5209 USD/ton compared to the previous day. Specifically, the delivery period for January 2025 is 5209 USD/ton; the delivery period for March 2025 is 5184 USD/ton; the delivery period for May 2025 is 5126 USD/ton and the delivery period for July 2025 is 5046 USD/ton.

New York Arabica coffee price on December 16, 2024

Similarly, the price of Arabica coffee on the New York floor on December 16, 2024, also remained at a price range of 304.85 - 319.50 cents/lb compared to the previous day. Specifically, the delivery period for March 2025 is 319.50 cents/lb; the delivery period for May 2025 is 317.05 cents/lb; the delivery period for July 2025 is 312.45 cents/lb and the delivery period for September 2025 is 304.85 cents/lb.

Brazilian Arabica coffee price on December 16, 2024

The price of Brazilian Arabica coffee on the morning of December 16, 2024 remained stable, unchanged from the previous day. Specifically, the December 24 delivery period was 396.90 USD/ton; the March 25 delivery period was 408.70 USD/ton; the May 25 delivery period was 395.15 USD/ton and the July 25 delivery period was 388.95 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 traded on the ICE Futures US (New York exchange) opens at 16:15 and closes at 01:30 (next day) Vietnam time. For Arabica coffee traded on the B3 Brazil exchange, it will open from 19:00 – 02:35 (next day) Vietnam time.

Due to heavy rain, Lam Dong people could not harvest in time, causing the coffee berries to crack. Photo: Van Long

The domestic coffee market on December 16, 2024 also maintained a high price, currently fluctuating between 123,500 - 125,200 VND/kg. The average coffee purchase price in the Central Highlands provinces today is 125,100 VND/kg.

Lam Dong is still the province with the lowest coffee purchase price in the Central Highlands region at 123,500 VND/kg. In the same direction, the coffee purchase price in Gia Lai and Dak Lak provinces today is still second on the ranking, both listed at 125,000 VND/kg.

Notably, Dak Nong has always maintained a stable performance, firmly holding the leading position in the Central Highlands and other provinces and cities with the highest coffee purchase price in the country, set at 125,200 VND/kg.

The domestic coffee prices that Giacaphe.com lists every day are calculated based on the prices of two world coffee exchanges combined with continuous surveys from businesses and purchasing agents in key coffee growing areas across the country.

Domestic coffee price list on December 16, 2024

Although the Central Highlands provinces are facing the disadvantage of bad weather due to prolonged heavy rain, however, farmers here are still promoting coffee harvest, because the coffee is ripe, if not harvested, the coffee beans will crack, seriously affecting the quality of the coffee.

The continuous rain not only affects the harvesting process, but also directly affects the processing and preservation of coffee. Moreover, green coffee beans also face mold and black beans, affecting the quality of coffee beans sold.

According to statistics, Lam Dong province has a total coffee area of ​​about 176,000 hectares, with a total output of over 570,000 tons. In 2023, Lam Dong province exported about 70,000 tons of coffee beans to countries such as India, the Netherlands, the Netherlands... with a total value of about 155 million USD.

According to Mr. Nguyen Minh Ngoc - Director of Tan Nghia Cooperative in Di Linh district (Lam Dong province), in the 2024 crop year, the number of coffee harvesting workers for this cooperative is about 30%. Coffee gardens with many fruits, flat, easy to transport are contracted at a price of 1,300 VND/kg, while coffee gardens with fewer fruits will be contracted at a price of about 1,600 VND/kg.

Currently, Tan Nghia Cooperative has 76 members, the total coffee area for harvest is about 135 hectares, the average output is about 3.7 tons/hectare. "In my opinion, labor in 2024 will be scarce due to the large number of unskilled workers who go to work as factory workers in big cities. Although the salary is a little lower, it is stable. Meanwhile, picking coffee on contract, they can only work for about 1-2 months, the income is only high immediately" - Mr. Ngoc said.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-16122024-gia-ca-phe-trong-nuoc-van-duy-tri-125100-dongkg-364423.html