Coffee prices on 11/03/2024: 5th consecutive week of decline

Coffee prices on November 3 globally

Globally, there have been no new changes on the London and New York exchanges on November 3.

Specifically, Robusta prices on the London exchange for January 2025 delivery are holding steady at $ 4,279/ton, while the March 2025 delivery remains at $ 4,208/ton.

On the New York exchange, Arabica for December 2024 delivery is stable at 242.95 cents/lb, and the March 2025 delivery stands unchanged at 242.40 cents/lb.

Global coffee prices remain stable today. Over the past week, the market experienced a sharp decline, with Robusta futures for January 2025 down by $ 132/ton and Arabica futures for December decreasing significantly by 5.45 cents/lb.

Traders report that robust Conilon (Robusta) coffee exports from Brazil this season have added pressure on prices. Additionally, recent rains are expected to support Brazil’s coffee crop recovery after a prolonged dry spell, contributing to the ongoing drop in Arabica prices.

Meanwhile, Brazil’s currency, the Real, has weakened to a nearly three-month low against the USD, standing at 5.780 BRL/USD.

In Vietnam, the ongoing harvest is exerting downward pressure on Robusta prices. The recent storm did not cause significant damage, allowing farmers to continue harvesting without delay.

Thus, global coffee prices on 11/03/2024, remained flat compared to the previous day.

Coffee prices on November 3 domestically

Domestically, coffee prices are stable compared to the previous day.

In Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at VND 105,800/kg.

In Dak Lak, Cu M'gar district is purchasing coffee at VND 106,200/kg, while Ea H'leo and Buon Ho are trading at VND 106,100/kg.

In Dak Nong province, traders in Gia Nghia and Dak R’lap are buying at VND 106,200 and VND 106,100/kg, respectively.

In Gia Lai, Chu Prong district is trading at VND 106,100/kg, while Pleiku and La Grai are steady at VND 106,000/kg.

In Kon Tum, the purchase price today is VND 106,100kg.

Domestic coffee prices today remain unchanged, with the highest level at VND 106,200/kg.

Thus, domestic coffee prices on 11/03/2024, are trading around VND 105,800 - 106,200/kg.

$ 1 = VND 25.084 - Source: Vietcombank.