February 5, 2025 | 10:10 GMT +7
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February 5, 2025 | 10:10 GMT +7
Hotline: 0913.378.918
Latest domestic and global coffee prices on December 10, 2024
Globally, the London and New York exchanges saw mixed fluctuations on December 10.
Specifically, Robusta prices on the London exchange for January 2025 delivery surged by $ 93 (equivalent to 1.8%), reaching $ 5,246/ton. The March 2025 delivery contract also rose by $ 84 (equivalent to 1.64%), settling at $ 5,200/ton.
Meanwhile, on the New York exchange, Arabica prices for March 2025 delivery edged down slightly by 0.15 cents (equivalent to 0.05%), to 330.10 cents/lb. However, the May 2025 delivery contract saw a slight increase of 0.05 cents (equivalent to 0.02%), reaching 327.65 cents/lb.
Latest Arabica and Robusta prices on December 10, 2024
Global coffee prices are surging on the London exchange due to supply concerns in Vietnam.
Data from the General Statistics Office of Vietnam indicates that Vietnam's coffee exports in November dropped by 49.1% compared to the same period last year, falling to only 60,000 tons. Total accumulated exports over 11 months decreased by 14.3%, reaching 1.2 million tons.
Recent heavy rains in Vietnam have caused flooding in coffee fields, delaying the harvest progress for the 2024/25 crop.
Meanwhile, Robusta inventories monitored by ICE fell to their lowest level in 7.5 months, reaching 3,674 lots as of last Friday.
On the New York exchange, prices exhibited slight fluctuations. Higher Arabica stocks (reaching their highest level in over two years at 905,831 bags) and increased exports from Brazil are considered factors contributing to the stabilization of March Arabica futures prices after reaching record highs last week.
Thus, global coffee prices on December 10, 2024, are experiencing mixed trends compared to the previous day.
Domestically, coffee prices remain stable compared to the previous day.
Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha all trade at VND 123,000/kg.
In Dak Lak province, Cu M'gar district is purchasing at VND 124,000/kg, while Ea H'leo and Buon Ho districts are trading at VND 123,900/kg.
In Dak Nong province, traders in Gia Nghia and Dak R'lap are transacting at VND 124,000 and VND 123,900/kg, respectively.
In Gia Lai province, Chu Prong district is trading at VND 124,000/kg, while Pleiku and La Grai are maintaining prices at VND 123,900/kg.
Meanwhile, coffee purchases in Kon Tum province are currently at VND 124,000/kg.
Thus, domestic coffee prices on December 10, 2024, are trading around VND 123,000 - 124,000/kg.
$ 1 = VND 25.140 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Coffee prices on February 4, 2025, surged by VND 1,700 – 1,900/kg domestically, currently ranging from VND 129,700 – 130,700/kg.
(VAN) Pepper prices on February 4, 2025, range from VND 149,000 to VND 150,000/kg, up sharply by VND 1,500 – VND 2,000/kg compared to yesterday.
(VAN) Despite efforts to liberalise rice imports and reduce tariffs, the agriculture department said, the domestic market has been slow to respond, with retail prices surpassing expectations.
(VAN) Pepper prices on February 3, 2025, remain unchanged in both domestic and global markets. Domestic pepper prices are trading at VND 147,000 - 148,200/kg.
(VAN) Live pig prices remain steady, ranging from VND 66,000 - 69,000/kg. In Quang Ninh, efforts are being made to protect livestock during the cold weather.
(VAN) Coffee prices on February 3, 2025, remain unchanged. Domestic coffee is currently trading in the range of VND 127,800 - 129,000/kg.
(VAN) Global arabica coffee prices hit record highs above $3.60 per lb as Brazil, by far the world's largest producer, has few beans left to sell and as worries over its upcoming harvest persist.
