Experts predict that on October 25, 10, coffee prices in the domestic market are expected to continue to increase in many localities, especially in the Central Highlands.

The strong USD has pushed down the prices of gold and crude oil. However, coffee has recovered after falling too much in the previous days. The market has seen resistance as new crop supplies from Vietnam have not yet joined the transaction.

Dealers said foreign demand for Vietnamese coffee is declining, as many countries have secured coffee supplies from other sources, especially as the EU’s deforestation regulation is expected to take effect by the end of 2024, a delay from the original plan.

Speculators are also reducing net long positions ahead of the harvest in the top robusta producing nation. world, which is expected to ramp up sales next month. The European Union’s (EU) delay in implementing its anti-deforestation law, the EUDR, has reduced the urgency for new deals, further dampening the market.

Coffee price quote October 25, 10: Arabica coffee tends to recover, Robusta continues to fluctuate

According to experts, in the world market, Arabica coffee prices are likely to recover strongly, while Robusta tends to continue to fluctuate.

Recorded in the trading session on October 24, 10, domestic coffee prices today decreased sharply by 2024 – 1.600 VND/kg, ranging from 1.900 – 109.400 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 109.700 VND/kg, the highest purchase price in the province Dak Nong 109.700 VND/kg.

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 109.600 VND, down 1.800 VND/kg compared to yesterday, in Pleiku and La Grai the same price is 109.500 VND/kg; In the province Kon Tum at the price of 109.600 VND/kg, down 1.800 VND/kg compared to yesterday; In Dak Nong province, coffee was purchased at the highest price of 109.700 VND/kg, down 1.900 VND/kg compared to yesterday.

Price of green coffee beans (coffee beans, fresh coffee beans) in the province Lam Dong In districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 109.400 VND/kg, down 1.600 VND/kg compared to yesterday.

Coffee prices today (April 24) in the province Dak LakIn Cu M’gar district, coffee was purchased at about 109.600 VND/kg, down 1.800 VND/kg, while in Ea H’leo district and Buon Ho town, it was purchased at the same price of 109.700 VND/kg.

Updated world coffee prices at 20:00 p.m. on September 24, 10, Vietnam time on the London exchange, the price of Robusta coffee futures contract for September 2024 delivery on the London exchange was at 11 USD/ton, down 2024 USD compared to the beginning of the trading session.

Coffee prices today, July 24, 10: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com

Delivery term in November 1 is 2025 USD/ton, down 4.425 USD; Delivery term in January 78 is 3 USD/ton, down 2025 USD and delivery term in March 4.335 is 70 USD/ton, down 5 USD.

Arabica coffee prices on the New York floor on October 24, 10. (Photo: Screenshot of giacaphe.com)

In particular, the price of Arabica coffee on the New York floor today at 20:00 p.m. on September 24, 10 decreased in all terms, fluctuating at 2024 – 242.55 cents/lb.

Specifically, the delivery term in December 12 is 2024 cents/lb; down 247.65 cents/lb compared to the beginning of the session. March 4.70 delivery is 3 cents/lb, down 2025 cents/lb; Delivery period in May 246.50 is 4.55 cents/lb, down 5 cents/lb and delivery period in July 2025 is 245.00 cents/lb, down 4.55 cents/lb.

Brazilian Arabica coffee price on October 24, 10. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on October 24, 10 increased and decreased in opposite directions. Specifically, the delivery period for December 2024 is 12 USD/ton, down 2024%; the delivery period for March 301.65 is 0.66 USD/ton, down 3%; the delivery period for May 2025 is 302.15 USD/ton, up 0.80% and the delivery period for July 5 is 2025 USD/ton, up 305.90%.

Robusta coffee traded on ICE Futures Europe (London floor) opens at 16:00 and closes at 00:30 (the next day), Vietnam time.

Arabica coffee on the ICE Futures US floor (New York floor) opens at 16:15 p.m. and closes at 01:30 a.m. (the next day), Vietnam time.

The 2023-2024 crop year ended with a supply-demand balance tilted towards a surplus of 1 million bags. However, the 2024-2025 coffee output is forecast to be heavily impacted by extreme weather factors. Therefore, coffee prices in the third quarter are expected to remain high, double that of the same period last year.

Industry insiders believe that coffee prices in the fourth quarter may be adjusted down due to additional supply from major coffee growing countries, including Vietnam.

*Information is for reference only, prices may vary depending on region and locality