Coffee prices on 09/30/2024: hovering around VND 122,000

Coffee prices on September 30 globally

Globally, coffee prices remain stable on both the London and New York exchanges.

On the London exchange, Robusta prices for November 2024 delivery hold at $ 5,482/ton, and for January 2025 delivery, prices remain at $ 5,203/ton.

On the New York exchange, Arabica prices for December 2024 delivery are steady at 269.15 cents/lb, while the March 2025 contract is unchanged at 266.90 cents/lb.

Global coffee prices today remain stable. Over the past week, both the London and New York exchanges saw sharp increases. Specifically, Robusta for November delivery surged by $ 423/ton, while Arabica for December delivery increased significantly by 19.5 cents/lb.

According to Cemaden, Brazil’s disaster monitoring centre, the country is facing the most severe drought since 1981. Low rainfall has damaged coffee trees during the flowering stage, reducing the outlook for the 2025/26 Arabica crop.

Somar Meteorologia, Brazil’s meteorological agency, reported on Monday that the Minas Gerais region received about 9.8 mm of rain last week, which is only 62% of the historical average. Minas Gerais accounts for about 30% of Brazil’s Arabica production.

In Brazil, low rainfall and high temperatures are expected throughout September, increasing the risk of negative impacts on the development of the 2025/26 crop, as accumulated rainfall and soil moisture in many areas remains below average.

In Vietnam, after experiencing dry weather earlier this year, higher-than-expected rainfall due to the ongoing La Nina phenomenon could hinder the harvest and affect the quality of the 2024/25 crop.

Thus, global coffee prices remained unchanged on 09/30/2024, compared to the previous day.

Coffee prices on 09/30/2024 domestically

Domestically, coffee prices remain stable compared to yesterday.

In Lam Dong province, Di Linh, Bao Loc, and Lam Ha districts are trading at VND 121,100/kg.

In Dak Lak, Cu M'gar district is buying at VND 122,100/kg, while Ea H'leo and Buon Ho are trading at VND 122,000/kg.

In Dak Nong, traders in Gia Nghia and Dak R’lap are trading at VND 121,200/kg and VND 121,100/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 121,000/kg, while Pleiku and La Grai are holding at VND 121,000/kg.

In Kon Tum, the price is also VND 121,000/kg.

$ 1 = VND 24.370 - Source: Vietcombank.