Coffee prices on 10/17/2024: Mixed fluctuations

Coffee prices on October 17 globally

In global markets, the London and New York exchanges saw mixed price movements on October 17.

Robusta prices on the London exchange for November 2024 delivery dropped by $ 50 (1.02%), down to $ 4,859/ton. The January 2025 contract also decreased by $ 26 (0.54%), settling at $ 4,752/ton.

On the New York exchange, Arabica prices for December 2024 delivery slightly increased by 1.3 cents (0.51%), reaching 258 cents/lb. The March 2025 contract rose by 1.15 cents (0.45%), reaching 256.65 cents/lb.

Global coffee prices today continued to decline on the London exchange but saw a slight increase on the New York exchange.

Specifically, Arabica prices rose due to insufficient rainfall in key growing regions of Brazil, falling short of market expectations. Meanwhile, the ongoing harvest season in Vietnam exerted pressure on Robusta prices.

Thus, global coffee prices on 10/17/2024 showed mixed movements compared to the previous day.

Coffee prices on October 17 domestically

In the domestic market, coffee prices continued to drop by an additional VND 400 compared to yesterday.

In Lam Dong province, the three districts of Di Linh, Bao Loc, and Lam Ha were trading at VND 112,700/kg.

In Dak Lak, coffee in Cu M'gar district was being purchased at VND 113,100/kg, while in Ea H'leo and Buon Ho districts, it was trading at VND 113,000/kg.

In Dak Nong province, traders in Gia Nghia and Dak R'lap were buying at VND 113,300/kg and VND 113,200/kg, respectively.

In Gia Lai province, Chu Prong district was trading at VND 113,200/kg, while Pleiku and La Grai were both holding at VND 113,10 VND/kg.

Meanwhile, the purchase price of coffee in Kon Tum today was VND 113,100/kg.

Domestic coffee prices today continued their downward trend, pushing the price of this agricultural product closer to the VND 113,000/kg mark.

Thus, on 10/17/2024, domestic coffee prices are trading around VND 112,700 - 113,300/kg.

$ 1 = VND 24.910 - Source: Vietcombank.