Domestic and world coffee prices increased sharply on 7/12

Today’s coffee price December 7, 2024 on the world market, at 4:30 am, is updated on the Vietnam Commodity Exchange MXV (world coffee prices are continuously updated by MXV, matching the world exchanges, the only channel in Vietnam that continuously updates and links with the world exchanges). Today’s online coffee prices of the three main coffee futures exchanges ICE Futures Europe, ICE Futures US and B3 Brazil are continuously updated by Y5 Cafe during the trading hours of the exchange, updated as follows:

At the end of the trading session, the price of Robusta coffee on the London floor at 4:30 a.m. on December 7, 2024 continued to increase sharply, increasing from 233 – 258 USD/ton, fluctuating from 4.779 – 5193 USD/ton. Specifically, the monthly delivery term January 2025 was 5153 USD/ton (up 258 USD/ton); the monthly delivery term March 2025 was 5116 USD/ton (up 243 USD/ton); the monthly delivery term May 2025 was 5065 USD/ton (up 238 USD/ton) and the monthly delivery term July 2025 was 5000 USD/ton (up 233 USD/ton).

Domestic coffee prices on December 7, 2024 increased sharply. Photo: Hoang Thien Nga.

Similar to the London floor, the price of Arabica coffee on the New York floor on the morning of December 7, 2024 also increased sharply, increasing from 13.05 – 16.75 cents/lb, fluctuating from 300.70 – 331.70 cents/lb. Specifically, the monthly delivery term March 2025 is 330.25 cents/lb (up 16.75 cents/lb); the monthly delivery term May 2025 is 327.60 cents/lb (up 16.30 cents/lb); the monthly delivery term July 2025 is 321.95 cents/lb (up 15.40 cents/lb) and the monthly delivery term September 2025 is 314.15 cents/lb (up 13.05 cents/lb).

At the end of the trading session, the price of Brazilian Arabica coffee in the morning of December 7, 2024 was dominated by green, the price increased sharply, the increase was from 14.90 – 21.55 USD/ton depending on the delivery terms. Specifically, the monthly delivery term December 2024 was 405.00 USD/ton (up 14.95 USD/ton); the monthly delivery term March 2025 was 408.95 USD/ton (down 0.35 USD/ton); the monthly delivery term May 2025 was 409.15 USD/ton (up 21.55 USD/ton) and the monthly delivery term July 2025 was 401.50 USD/ton (up 20.35 USD/ton).

Meanwhile, domestic coffee prices updated at 4:30 a.m. on December 7, 2024 also continued to increase sharply compared to the previous trading session, an increase of about VND5.600/kg. Currently, the average coffee purchase price in the Central Highlands provinces is VND120.100/kg.

Specifically, the coffee purchase price in Gia Lai province is at 120.000 VND/kg; the coffee purchase price in Dak Nong province is 120.200 VND/kg and Dak Lak has the highest price of 120.000 VND/kg; the price of green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, coffee is purchased at 118.500 VND/kg.

Coffee price today (date 7/12) in Dak Lak province; in Cu M’gar district, coffee is purchased at the price of 120.100 VND/kg, and in Ea H’leo district, Buon Ho town, it is purchased at the price of 120.000 VND/kg.

Experts predict that tomorrow’s coffee price December 8, 2024 will continue to increase strongly.

According to statistics, today 7/12 is the 3 consecutive day that world coffee prices have increased strongly by 3 digits, the increase has regained what was lost in previous deep declines. Meanwhile, domestic coffee prices have also witnessed the 2 consecutive day of strong price increases.

Experts say that tomorrow December 8, 2024, domestic and world coffee prices will continue to increase strongly.

According to experts, the price of coffee in the Central Highlands increased faster than the world price due to many different reasons, including speculation when coffee prices decreased. Specifically, some businesses took advantage of the coffee price reduction at the beginning of the week to buy coffee to pay off contract debts and “hold on to goods” to make a profit.

In addition, experts also commented that the global coffee market trend is still low supply compared to the increasing consumer demand. Moreover, the current harvest in many places has not yet reached its peak, reaching only about 30% and farmers are not under economic pressure, so the recent price drop did not cause a sell-off. Therefore, when the world market recovered, domestic prices increased sharply again.

According to Reuters, despite the peak harvest season, domestic coffee prices in Vietnam are still rising due to high demand and limited supply. In the two months since the new harvest began, farmers in the Central Highlands have only harvested about 2% of the coffee output.

Experts say that farmers are not facing much financial pressure at present thanks to stable income from other crops such as durian and pepper, so they are not in a hurry to sell their products and continue to wait for coffee prices to increase. In addition, speculators are also “holding on to goods” to push up prices for profit.

Therefore, experts predict that tomorrow December 8, 2024, domestic and world coffee prices will continue to increase strongly.