Coffee prices on December 25, 2024: Continue to rise slightly

Coffee prices on December 25 globally

Globally, both the London and New York exchanges continued to rise on December 25.

On the London exchange, the price of Robusta for March 2025 delivery increased by $ 33 (equivalent to 0.66%), reaching $ 5,041/ton. The May 2025 contract rose slightly by $ 18 (equivalent to 0.36%), standing at $ 4,953/ton.

On the New York exchange, Arabica for March 2025 delivery increased by 1.35 cents (equivalent to 0.41%), reaching 328.60 cents/lb. The May 2025 contract rose slightly by 1.5 cents (equivalent to 0.47%), settling at 323.35 cents/lb.

Global coffee prices today continue to rise slightly on both exchanges before early closures for Christmas.

The price of Robusta continues to be supported by reports of heavy rainfall in key coffee-growing regions of Vietnam. Prices on the London exchange have maintained a steady increase since the start of the week.

Vietnam’s coffee supply is facing challenges. The VICOFA Association reports that export businesses are also facing difficulties with orders.

It is expected that coffee prices may adjust in the near future but are unlikely to drop significantly. In the long term, several factors are expected to support prices, as supply and demand are not yet balanced.

Additionally, in the long run, this agricultural product’s prices are supported by factors such as high shipping costs, geopolitical tensions, and reduced yields due to climate change.

Thus, global coffee prices on December 25, 2024, have increased across the board compared to yesterday.

Coffee prices on December 25 domestically

Domestically, the coffee market continues its upward trend compared to yesterday.

Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 120,600/kg.

In Dak Lak, the Cu M’gar district is purchasing coffee at VND 121,100/kg. Meanwhile, Ea H’leo and Buon Ho districts are trading at VND 121,000/kg.

In Dak Nong province, traders in Gia Nghia and Dak R’lap are buying at VND 121,400/kg and VND 121,300/kg, respectively.

In Gia Lai province, the Chu Prong district is trading at VND 121,100/kg, while Pleiku and La Grai are holding steady at VND 121,000/kg.

In Kon Tum, the buying price today is VND 120,900/kg.

Thus, domestic coffee prices on December 25, 2024, are trading around VND 120,600 – 121,400/kg.

$ 1 = VND 25.206 – Source: Vietcombank.