Domestic coffee prices remain stable, July coffee prices increase sharply

Domestic coffee prices were updated at 4:30 a.m. on August 1, 2024 as follows: According to www.giacaphe.com, domestic coffee prices increased slightly by 100 - 200 VND compared to yesterday, ranging from 123,000 - 123,600 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 123,500 VND/kg, the highest purchase price in Dak Nong province is 123,600 VND/kg.

Coffee prices today August 1, 2024: Domestic prices remain stable, July coffee prices increase sharply

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 123,500 VND, an increase of 200 VND/kg, in Pleiku and La Grai the same price is 123,300 VND/kg; in Kon Tum province, coffee is purchased at 125,000 VND/kg, an increase of 200 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 123,600 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 123,000 VND/kg.

Coffee price list today August 1, 2024

Market	Average price (VND/kg)	Change (VND/kg)
Dak Lak	123,500	+100
Lam Dong	123,000	0
Gia Lai	123,500	+200
Kon Tum	123,500	+100
Dak Nong	123,600	0

Coffee prices today, August 1, in Dak Lak province increased slightly by 100 VND/kg compared to yesterday; in Cu M'gar district, coffee was purchased at about 123,500 VND/kg, and in Ea H'leo district and Buon Ho town, it was purchased at the same price of 123,400 VND/kg.

In July 2024, domestic coffee prices increased by 4,300 - 4,800 VND/kg, which was also the first month that coffee prices increased after 2 consecutive months of slight decrease.

World coffee prices at 4:30 a.m. on August 1, 2024 were updated on the MXV Vietnam Commodity Exchange trading floor.

Today's online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are updated by www.giacaphe.com as follows:

Coffee price today August 1, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

At the end of the trading session, the price of Robusta coffee on the London floor on August 1, 2024 at 4:30 a.m. increased and decreased in opposite directions at 3,839 - 4,261 USD/ton. Specifically, the delivery period for September 2024 is 4,261 USD/ton (down 5 USD/ton); the delivery period for November 2024 is 4,116 USD/ton (down 2 USD/ton); the delivery period for January 2025 is 3,970 USD/ton (up 1 USD/ton) and the delivery period for March 2025 is 3,839 USD/ton (down 4 USD/ton).

Coffee price today August 1, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com

Arabica coffee prices on the New York floor on the morning of August 1, 2024 decreased from 224.80 - 229.20 ent/lb. Specifically, the delivery period for September 2024 is 229.20 cents/lb (down 0.69%); the delivery period for December 2024 is 228.15 cents/lb (down 0.63%); the delivery period for March 2025 is 226.90 cents/lb (down 0.61%) and the delivery period for May 2025 is 224.80 cents/lb, down 0.62%.

Coffee price today July 31, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com)

The price of Brazilian Arabica coffee on the morning of August 1, 2024 increased and decreased in opposite directions. Specifically, the delivery period for September 2024 was 287.00 USD/ton (up 0.03%); the delivery period for December 2024 was 279.65 USD/ton (up 0.22%); the delivery period for March 2025 was 275.05 USD/ton (down 1.22%) and the delivery period for May 2025 was 273.20 USD/ton (down 0.67%).

Robusta coffee traded on the ICE Futures Europe exchange (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.

Concerns about dry winter weather in Brazil are also helping to keep prices down. Somar Meteorologia reported Monday that Brazil’s Minas Gerais region received no rain last week, compared with the historical average for the week of 5.1 mm.

News of smaller coffee exports from Vietnam over the weekend also helped keep Robusta prices from falling further, but Arabica prices remained at a three-week low as supply concerns eased.

Futures prices fell more than 8% near a three-week low as traders assessed mild winter weather conditions in Brazil.

In the world, coffee prices, especially Arabica coffee prices, continue to fall due to pressure from the progress of the new coffee crop harvest in Brazil.

According to Safras & Mercado, Brazil has completed 81% of the 2024/2025 coffee harvest as of July 23, up from 74% at the same time last year and faster than the five-year average of 77%. The amount of certified graded Arabica coffee stored in the New York market increased by 2,495 bags on the last trading day of the week, reaching 814,801 bags.

Information for reference only. Prices may vary depending on time and location.

Source: https://congthuong.vn/gia-ca-phe-hom-nay-182024-trong-nuoc-duy-tri-on-dinh-gia-ca-phe-thang-7-tang-manh-336089.html