(VAN) Coffee prices on December 13, 2024, have slightly increased. Domestic coffee prices have risen by VND 200, trading at VND 123,000 – 123,900/kg.
Domestic and global coffee prices update as of December 13, 2024.
Coffee prices on December 13 globally
Globally, both the London and New York exchanges recorded slight increases on December 13.
On the London exchange, Robusta coffee prices for January 2025 delivery rose by $ 33 (equivalent to 0.64%) to $ 5,194/ton. The March 2025 delivery contract saw a mild increase of $ 51 (equivalent to 1%) to $ 5,152/ton.
On the New York exchange, Arabica coffee prices for March 2025 delivery reversed direction, gaining 1.05 cents (equivalent to 0.33%) to reach 321.25 cents/lb. Meanwhile, the May 2025 delivery contract edged up by 1.2 cents (equivalent to 0.38%) to 319 cents/lb.
Latest Arabica and Robusta prices as of December 13, 2024
Another major trading company, Neumann Kaffee Gruppe, forecasts the upcoming arabica crop of Brazil, the leading producer, to reach 40 million bags, in contrast to Volcafe, which has reduced its forecast to 34.4 million bags (a decrease of 11 million bags). This indicates a significant difference in market estimates.
Meanwhile, coffee roasters in Brazil are raising prices by a wide margin, and traders predict that prices will increase in many markets, which may slow down consumption, especially in developing countries.
Traders also report that out-of-season rains have returned to Vietnam, the leading robusta producer, potentially causing further harvest disruptions and sparking new concerns over quality.
Robusta and arabica, to a certain extent, can replace each other, so the shortage of one may increase demand for the other.
The domestic coffee price today is slightly increasing by VND 400, gradually bringing this agricultural product closer to the mark of VND 124,000/kg.
Thus, the domestic coffee price on December 13, 2024, is trading around the range of 123,000 – 123,900 VND/kg.
Thus, global coffee prices on December 13, 2024, have risen again compared to yesterday.
Coffee prices on December 13 domestically
In Vietnam, the coffee market today, December 13, showed a slight increase compared to yesterday.
In Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha are trading at the same level of VND 123,000/kg.
In Dak Lak, Cu M’gar district, coffee is bought today at VND 123,700/kg. Meanwhile, Ea H’leo and Buon Ho districts are trading at VND 123,600/kg.
In Dak Nong province, traders in Gia Nghia and Dak R’lap are trading at VND 123,900/kg and VND 123,800/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 123,700/kg, while Pleiku and La Grai are maintaining the price of VND 123,600/kg.
Meanwhile, the coffee purchase price in Kon Tum today is VND 123,700/kg.
$ 1 = VND 25.147 – Soure: Vietcombank.
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