(VAN) Coffee prices on November 25, 2024, remained steady on the London and New York exchanges. Meanwhile, domestic prices increased by VND 1,500.
Latest domestic and global coffee prices on November 25, 2024
Coffee prices on November 25 globally
Globally, the London and New York exchanges showed no new movements on November 25.
Specifically, Robusta prices on the London exchange for January 2025 delivery remained steady at $ 4,985/ton, while the March 2025 contract held at $ 4,923/ton.
On the New York exchange, Arabica prices for March 2025 delivery stood firm at a high of 302.10 cents/lb, with the May 2025 contract unchanged at 299.60 cents/lb.
Latest Arabica and Robusta prices on November 25, 2024
Global coffee prices continued to remain stable on November 25, 2024. Over the past week, both exchanges experienced strong growth, with Robusta prices for January 2025 delivery increasing by $ 208/ton and Arabica prices for March 2025 delivery rising by 20.3 cents/lb.
Thus, on November 25, 2024, global coffee prices have remained unchanged compared to yesterday.
Coffee prices on November 25 domestically
In the domestic market, coffee prices continued to rise sharply compared to yesterday.
In Lam Dong province, three districts, Di Linh, Bao Loc, and Lam Ha, are trading at the same level of VND 118,000/kg.
In Dak Lak province, Cu M’gar district is purchasing at VND 119,000/kg, while Ea H’leo and Buon Ho are trading at VND 118,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R’lap are buying at VND 119,000/kg and VND 118,900/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 118,900/kg, while Pleiku and La Grai are both maintaining a level of VND 118,800/kg.
Meanwhile, in Kon Tum province, coffee prices today are at VND 118,800/kg.
Domestic coffee prices saw a strong increase ofVND 1,500 today, pushing this agricultural product to the threshold ofVND 119,000/kg.
According to traders, the strong growth in the domestic coffee market is attributed to higher demand and limited supply, even during the peak harvest season.
The Vietnam Commodity Exchange predicts that coffee exports will increase significantly from December if the harvest proceeds smoothly.
Thus, on November 25, 2024, domestic coffee prices are trading around VND 118,000 – 119,000/kg.
$ 1 = VND 25.167 – Source: Vietcombank.
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