Experts predict that coffee prices will end their decline and rebound on November 6, 11. The depreciation of the USD ahead of the US presidential election will help coffee recover.

At the beginning of the week, experts predicted that many factors would significantly impact coffee prices, including the US presidential election and the Fed’s announcement of an interest rate adjustment. In fact, the USD has depreciated ahead of the US presidential election as investors await the election results and the US Federal Reserve’s policy meeting this week, helping coffee recover. These events are expected to have far-reaching impacts on the global economy.

Coffee price forecast for November 6, 11: Ending the downtrend, bouncing back

Recorded in the trading session on November 5, 11, today’s coffee price decreased by 2024 VND/kg, ranging from 500-105.500 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 106.000 VND/kg, the highest purchase price in the province Dak Nong, Dak Lak 106.000 VND/kg.

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 105.900 VND, down 500 VND/kg compared to yesterday, in Pleiku and La Grai the same price is 105.800 VND/kg; In the province Kon Tum at the price of 105.900 VND/kg, down 500 VND/kg compared to yesterday; In Dak Nong province, coffee was purchased at the highest price of 106.000 VND/kg, down 500 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 was purchased at 105.500 VND/kg, down 500 VND/kg compared to yesterday.

Domestic coffee prices (November 5) in Dak Lak province; in Cu M’gar district, coffee was purchased at about 11 VND/kg, down 106.000 VND/kg compared to yesterday, and in Ea H’leo district, Buon Ho town, it was purchased at the same price of 500 VND/kg.

Coffee price update world At 20:00 p.m. on November 5, 11, Vietnam time on the London exchange, the price of Robusta coffee futures for January 2024 delivery on the London exchange was at 1 USD/ton, an increase of 2025 USD compared to the beginning of the trading session.

Coffee prices today, July 5, 11: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com

Delivery term in November 3 is 2025 USD/ton, an increase of 4.270 USD; Delivery term in January 21 is 5 USD/ton, up 2025 USD and delivery term in March 4.219 is 22 USD/ton, up 5 USD.

Arabica coffee prices on the New York floor on October 5, 11. (Photo: Screenshot of giacaphe.com)

In particular, the price of Arabica coffee on the New York floor at 20:00 on November 5, 11 increased in all terms, fluctuating at 2024 – 243.10 cents/lb.

Specifically, the December 12 delivery period is 2024 cents/lb; up 247.45 cents/lb compared to the beginning of the session. The March 1.50 delivery period is 3 cents/lb, up 2025 cents/lb; the May 246.45 delivery period is 1.50 cents/lb, up 5 cents/lb and the July 2025 delivery period is 245.20 cents/lb, up 1.40 cents/lb.

Brazilian Arabica coffee price on October 5, 11. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on November 5, 11 increased. Specifically, the delivery period for December 2024 is 12 USD/ton, up 2024%; the delivery period for March 302.70 is 1.20 USD/ton, up 3%; the delivery period for May 2025 is 301.00 USD/ton, up 1.01% and the delivery period for July 5 is 2025 USD/ton, up 298.30%.

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.

According to the assessment of the Vietnam Coffee – Cocoa Association, the 2024 – 2025 coffee crop has begun to harvest, the country’s output is expected to be about 1,47 million tons, a sharp decrease compared to the previous crop due to unfavorable weather, but the price will be much better than previous years.

Experts predict that Vietnamese coffee prices in the 2024-2025 crop year will continue to remain high due to reduced output, while inventories in the 2023-2024 crop year are not much left.

Information for reference only. Prices may vary depending on locality.