(VAN) Coffee prices on December 14, 2024, showed mixed movements globally. Domestic coffee prices increased by VND 1,000, trading at VND 123,500 – 125,200/kg.
Latest domestic and global coffee prices on December 14, 2024
Coffee prices on December 14 globally
On the global market, both the London and New York exchanges experienced slight fluctuations on December 14.
On the London exchange, Robusta prices for January 2025 delivery increased slightly by $ 15 (equivalent to 0.29%), reaching $ 5,209/ton. Meanwhile, March 2025 delivery prices rose by $ 32 (equivalent to 0.62%), standing at $ 5,184/ton.
On the New York exchange, Arabica prices for March 2025 delivery decreased by 1.75 cents (equivalent to 0.54%), dropping to 319.50 cents/lb. For May 2025 delivery, prices fell slightly by 1.95 cents (equivalent to 0.61%), reaching 317.05 cents/lb.
Latest Arabica and Robusta prices on December 14, 2024
Global coffee prices showed mixed movements today. In London, prices increased slightly due to concerns that off-season rains in Vietnam could further disrupt the already delayed harvest and raise concerns about quality.
Meanwhile, Robusta stocks on the ICE exchange as of December 6 had dropped to their lowest level in seven and a half months, at 3,674 lots.
On the other hand, at the New York exchange, prices decreased slightly as the US dollar rose to its highest level in two and a half weeks. Traders indicated that the market was reassessing concerns about Brazil’s crop outlook, the world’s top coffee producer.
Although production has been reduced due to this year’s drought, the impact may not be as severe as initially forecasted. In the latest report, a price reporting agency and an independent research company provided preliminary forecasts for Brazil’s coffee production, with total output potentially reaching 68-70 million bags for the 2025/26 season.
Thus, global coffee prices on December 14, 2024, showed mixed changes compared to yesterday.
Coffee prices on December 14 domestically
Domestically, coffee prices have increased sharply compared to yesterday.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 123,500/kg.
In Dak Lak, Cu M’gar district is purchasing coffee at VND 125,000/kg, while Ea H’leo and Buon Ho are trading at lower prices.
In Dak Nong province, traders in Gia Nghia and Dak R’lap are dealing at VND 125,200 and VND 125,100/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 125,000/kg, while Pleiku and La Grai are both at VND 124,900/kg.
Lastly, in Kon Tum, coffee is being bought at VND 125,000/kg today.
Thus, domestic coffee prices on December 14, 2024, are trading around VND 123,500 – 125,200/kg.
$ 1 = VND 25.147 – Source: Vietcombank.
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