August 13, 2024 Coffee Price Forecast: Influenced by many factors, coffee prices continue to decrease August 14, 2024 Coffee Price Forecast: Concerns about weather in Brazil push coffee prices up sharply again?

Forecast of coffee prices on August 15, 2024, in the domestic market, increased again. According to data from the General Department of Customs, in July, Vietnam’s coffee exports reached 7 tons, worth 76.982 million USD, down 381,2% in volume but up 29,3% in value compared to the same period last year.

In particular, the average coffee export price last month reached a record of 4.951 USD/ton, up 7,8% over the previous month and up to 75,1% (equivalent to 2.123 USD/ton) over the same period. 2023.

In the first 7 months of this year, the export price of this agricultural product increased by 52,3% to an average of 3.682 USD/ton. Thanks to that, although export output decreased by 12,4% over the same period, the value still increased by 33,5%, reaching 979.353 tons, worth 3,6 billion USD.

With favorable price factors, the coffee industry is expected to bring in a record export turnover of 5 billion USD this year.

Regarding export markets, the European Union (EU) is still Vietnam’s largest coffee consumption market in the first 7 months of the year, accounting for 39% of total export volume with 381.699 tons, worth 1,37 billion USD. . Although the amount of coffee exported to the EU decreased by 10,7%, the value increased by 39% over the same period last year.

Of which, exports to key markets such as Germany, Italy and Spain reached 121.500 tons, 91.082 tons and 71.734 tons, respectively. Over the same period, the amount of coffee exported to Germany and Spain decreased by 11,6% and 14,5%, respectively, while exports to Italy increased by 17,8%.

Coffee exports to some other major markets such as Japan, the US and Russia have decreased significantly compared to the same period last year.

However, exports to Asian markets recorded strong growth, with Indonesia increasing by 50,4%; Philippines increased by 63,7%; China increased by 27,2%; Thailand increased by 68,7%; and Malaysia increased by 61,7%.

In the domestic market, coffee prices were updated at 4:30 a.m. on August 14, 2024 as follows, according to www.giacaphe.com, domestic coffee prices decreased slightly compared to yesterday, ranging from 117.800-118.500 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 118.000 VND/kg, the highest purchase price in the province Dak Lak, Dak Nong is 119.300 VND/kg.

August 15, 2024 Coffee Price Forecast: All Plunge

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 118.300 VND, in Pleiku and La Grai the same price is 118.200 VND/kg; in the province Kon Tum Coffee is purchased at 118.300 VND/kg; in Dak Nong province, coffee is purchased at the highest price of 118.500 VND/kg.

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 117.800 VND/kg.

Today’s coffee price on 14/8 in Dak Lak province is purchased at around 118.500 VND/kg; in Cu M’gar district, coffee is purchased at around 118.400 VND/kg, and in Ea H’leo district, Buon Ho town, it is purchased at the same price of 118.400 VND/kg.

Coffee price list today August 14, 2024

Coffee price update world At 20:30 on August 14, 2024 Vietnam time on the London exchange, the price of Robusta coffee futures contract for monthly delivery September 2024 on the London exchange was at 4.454 USD/ton, up 79 USD compared to the beginning of the trading session.

Coffee price today August 14, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

The monthly delivery term November 2024 is 4.271 USD/ton, up 84 USD; the monthly delivery term January 2025 is 4.104 USD/ton, up 79 USD and the monthly delivery term March 2025 is 3.953 USD/ton, up 71 USD.

Today’s coffee price August 14, 2024: New York Arabica coffee price (Photo: Screenshot giacaphe.com

In particular, the price of Arabica coffee on the New York floor today at 20:30 p.m. on July 134, 8 increased in all terms, fluctuating at 2024 – 227.80 cents/lb.

Specifically, the monthly delivery term September 2024 is 234.80 cents/lb; up 2.10 cents/lb compared to the beginning of the session. The monthly delivery term December 2024 is 232.90 cents/lb, up 3.85 cents/lb; the monthly delivery term March 2025 is 230.10 cents/lb, up 3.80 cents/lb and the monthly delivery term May 2025 is 227.80 cents/lb, up 3.60 cents/lb.

Coffee price today August 14, 2024: Brazilian Arabica coffee price. (Photo: Screenshot giacaphe.com)

Brazilian Arabica coffee prices today at 20:30 on August 14, 2024 increased and decreased in opposite directions. Specifically, the monthly delivery term September 2024 was 293.90 USD/ton, up 1.21%; the monthly delivery term December 2024 was 285.40 USD/ton, up 1.19%; the monthly delivery term March 2025 was 276.30 USD/ton, down 4.18% and the monthly delivery term May 2025 was 272.40 USD/ton, down 4.10%.

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.

Strong Robusta exports from Brazil are helping to offset supply shortages from Vietnam, traders said. Cecafe said Brazil’s Robusta coffee exports in the month of July 2024 surged 82,2% year-on-year to 2023 bags (900.000kg).

Agronomists say that light and localized frosts in Brazil occur strongly in the southern region of the country, basically not affecting coffee and sugarcane growing areas.

Brazilian coffee export association Cecafé also reported that total green coffee exports in the first seven months of 7 increased by 2024% over the same period last year, reaching 51,88 million bags. Of which, there were 25,83 million bags of Arabica coffee, an increase of 20,65% and 31,08 million bags of Robusta Conilon coffee, an increase of 5,18%, compared to the same period last year.

*Information is for reference only. Prices may change depending on time and location.