(VAN) Coffee prices on November 30, 2024, experienced a sharp decline. Domestic coffee prices fell by VND 600, now ranging between VND 129,700 – 130,500/kg.
Domestic and global coffee prices updated on November 30, 2024
Coffee prices on November 30 domestically
Globally, both the London and New York exchanges experienced a sharp decline on November 30.
On the London exchange, Robusta coffee prices for January 2025 delivery dropped significantly by $ 156 (equivalent to 2.8%), settling at $ 5,409/ton. Meanwhile, the March 2025 contract fell by $ 151 (equivalent to 2.73%), standing at $ 5,377/ton.
On the New York exchange, Arabica coffee prices for March 2025 delivery decreased by 5 cents (equivalent to 1.55%), to 318.05 cents/lb. The May 2025 contract saw a decline of 5.2 cents (equivalent to 1.62%), settling at 315.50 cents/lb.
Latest Arabica and Robusta prices on November 30, 2024
Global coffee prices today reversed sharply after a prolonged surge. According to experts, Arabica prices still increased strongly after the Thanksgiving holiday but gradually turned downward late in the session due to sell-offs on the New York exchange.
However, this decline has yet to push prices on the two major exchanges to low levels, as Arabica recently reached its highest point in nearly half a century after seven consecutive sessions of gains.
Notably, recent trading sessions show that prices for longer-term contracts are increasing more significantly, indicating a long-term supply shortage in the market.
Thus, global coffee prices on November 30, 2024, fell sharply compared to yesterday.
Coffee prices on November 30 domestically
In Vietnam, the domestic coffee market today reversed direction, with prices decreasing by VND 600/kg compared to yesterday.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 129,700/kg.
In Dak Lak province, Cu M’gar district is purchasing coffee at VND 130,000/kg, while Ea H’leo and Buon Ho districts are trading at VND 129,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R’lap are offering VND 130,500/kg and VND 130,400/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 130,000/kg, while Pleiku and La Grai maintain the same price of VND 130,000/kg.
In Kon Tum province, the purchase price of coffee today is VND 130,000/kg.
Domestic coffee prices today reversed direction but remain above the high threshold of VND 130,000/kg.
Thus, domestic coffee prices on November 30, 2024, are trading around VND 129,700 – 130,500/kg.
$ 1 = VND 25.130 – Source: Vietcombank.
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