Coffee prices on November 20, 2024: Increase of VND 700-800/kg

Coffee prices on November 20 domestically

Domestic coffee prices on November 20, are at VND 113,800 - 114,300/kg, showing a sharp increase of VND 700 to VND 800/kg compared to yesterday.

Specifically, in Di Linh, Lam Ha, and Bao Loc districts (Lam Dong), coffee is being purchased at VND 113,800/kg.

In Cu M'gar district (Dak Lak), the price stands at VND 114,300/kg. Meanwhile, in the Ea H'leo and Buon Ho districts (Dak Lak), coffee is being bought at VND 114,200/kg.

Similarly, in Dak Nong province, coffee is being purchased at VND 114,300/kg in Gia Nghia and VND 114,200/kg in Dak R'lap.

In Gia Lai province, coffee prices today are at VND 114,300/kg in Chu Prong, and at VND 114,200/kg in Pleiku and La Grai.

In Kon Tum province, coffee is being bought at VND 114,300/kg.

Nevertheless, coffee prices are expected to remain high in the 2024-2025 season due to a 15% drop in production compared to the previous season. The agricultural sector predicts that coffee exports this year will surpass $ 5 billion.

Domestic coffee prices today have risen sharply by VND 700 to VND 800/kg compared to yesterday. Last week, the local coffee market saw a significant increase of VND 6,000 compared to the previous week.

Thus, on November 18, 2024, domestic coffee prices are trading around VND 113,800 - 114,300/kg.

Coffee prices on November 20 globally

Early in the morning on November 20 (Vietnamese time), on the London exchange, the price of Robusta coffee for January 2025 delivery was $ 4,735 /ton, down by $ 38/ton compared to the previous morning. The March 2025 contract traded at $ 4,675/ton, down by $ 24/ton from the previous session.

On the New York exchange, the price of Arabica coffee for December 2024 delivery was 280.75 cents/lb, down by 1.05 cents/lb from the previous morning. The March 2025 contract traded at 282.2 cents/lb, down by 1.1 cents/lb.

The global coffee price situation is being influenced by several factors, including adverse weather conditions in major producing countries like Brazil, where Arabica coffee is primarily produced. Prolonged drought and high temperatures have affected coffee production, raising concerns about global supply.

While domestic coffee prices are rising, global coffee prices are trending downward. This shows a clear divergence between the two markets, and many factors have affected the pricing situation.

$ 1 = VND 25.170 - Source: Vietcombank.