A strong increase this week

Coffee prices on November 17 globally

Globally, both the London and New York exchanges remained stable on November 17.

Robusta prices on the London exchange for January 2025 delivery are holding at $ 4,773/ton, while March 2025 contracts remain at $ 4,699/ton.

On the New York exchange, Arabica prices for December 2024 delivery are 281.80 cents/lb, and March 2025 contracts are stable at 283.30 cents/lb.

Global coffee prices today showed no new fluctuations. Summarizing the week, the coffee market experienced a sharp increase.

Robusta prices for January 2025 delivery surged by $ 401/ton, while Arabica prices for December 2024 delivery rose by 28.45 cents/lb.

Arabica coffee prices have fluctuated around the highest levels since mid-2011, marking a 13-year peak amid concerns over future supply. Traders are assessing the impact of the European Union’s one-year delay in enforcing anti-deforestation regulations.

This delay could restrict coffee supplies from countries like Brazil and Indonesia, where deforestation issues persist.

The focus remains on unfavourable weather conditions affecting next year’s crop in Brazil, the world’s top producer. Traders noted that despite recent rainfall, soil moisture levels remain low, leading to limited fruit development and excessive leaf growth.

Thus, global coffee prices on November 17, 2024, remained unchanged from yesterday.

Coffee prices on November 17 domestically

Domestically, the coffee market today, November 17, showed no new changes compared to yesterday.

Specifically, in Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are trading uniformly at VND 112,800/kg.

In Dak Lak province, Cu M’gar district is purchasing coffee at VND 113,200/kg, while Ea H’leo and Buon Ho districts are trading at VND 113,100/kg.

In Dak Nong province, traders in Gia Nghia and Dak R’lap are trading at VND 113,400/kg and VND 113,300/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 113,100/kg, while Pleiku and La Grai districts are holding steady at VND 113,000/kg.

In Kon Tum province, coffee purchasing prices today are at VND 113,000/kg.

Domestic coffee prices today remain stable, with the highest level reaching VND 113,400/kg. Summarizing this week, the domestic coffee market has surged significantly, adding up to VND 6,000 compared to the previous week.

Thus, domestic coffee prices on November 17, 2024, are trading around VND 112,800 – 113,400/kg.

$ 1 = VND 25.160 – Source: Vietcombank.