Coffee prices on November 18, 2024: Highest at VND 113,400/kg

Coffee prices on November 18 globally

On the global market, the London and New York exchanges show no new fluctuations today, November 18.

Specifically, Robusta prices on the London exchange remain at $ 4,773/ton for January 2025 contracts and around $ 4,699/ton for March 2025 contracts.

On the New York exchange, Arabica prices for December 2024 contracts reached 281.80 cents/lb, while March 2025 contracts held at 283.30 cents/lb.

Global coffee prices remain stable today. Summarizing last week, the coffee market experienced a strong surge, with Robusta futures for January 2025 skyrocketing by $ 401/ton, while Arabica futures for December rose sharply by 28.45 cents/lb.

According to experts, Robusta coffee is recovering and growing. Vietnam's new harvest is currently being collected, and this crop is expected to hit the market in the first half of 2025. Meanwhile, new Robusta harvests from Indonesia, Brazil, and Uganda are anticipated in the second half of 2025. This remains a driving force supporting coffee prices.

However, experts noted that speculative buying on both exchanges is high. Coffee prices this week will largely depend on the movement of the USD. Notably, despite the continuous increase in the USD last week, it did not suppress coffee prices but instead spurred them to rise by as much as $ 400/ton.

Thus, global coffee prices on November 18, 2024, show no changes compared to yesterday.

Coffee prices on November 18 domestically

In the domestic market, coffee prices today, November 18, remain stable compared to yesterday.

Specifically, in Lam Dong province, the districts of Di Linh, Bao Loc, and Lam Ha are trading at the same level of VND 112,800/kg.

In Dak Lak, Cu M'gar district is purchasing coffee at VND 113,200/kg, while Ea H'leo and Buon Ho districts are trading at VND 113,100/kg.

In Dak Nong province, traders in Gia Nghia and Dak R'lap are offering VND 113,400 and VND 113,300/kg, respectively.

In Gia Lai province, Chu Prong district is trading at VND 113,100/kg, while Pleiku and La Grai maintain a price of VND 113,000/kg.

In Kon Tum province, coffee is being purchased at VND 113,000/kg.

Domestic coffee prices today show no new changes, with the highest level reaching VND 113,400/kg. Over the past week, the domestic coffee market saw a significant increase of VND 6,000 compared to the previous week.

Thus, domestic coffee prices on November 18, 2024, are trading in the range of VND 112,800 to VND 113,400/kg.

$ 1 = VND 25.170 - Source: Vietcombank.