Experts predict that coffee prices on November 7, 11 will likely continue to fluctuate within a narrow range due to pressure from supply and fluctuations in the international market.

The recovery of Robusta coffee prices on the London floor has partly supported domestic coffee prices, helping to prevent a sharp decline. However, the abundant coffee supply in Vietnam during the main harvest season still puts considerable pressure on coffee prices.

Vietnam’s robusta coffee harvest could help ease price pressure, but the smaller output may not be enough to restore global coffee supplies in the long term. worldVietnam’s coffee output this year (including Arabica and Robusta) is expected to reach around 26-27 million bags, lower than the US Department of Agriculture’s (USDA) estimate of 5 million bags in May, as the impact of drought has yet to be fully assessed.

Coffee price forecast November 7, 11: Continue the uptrend

Recorded in the trading session on November 6, 11, today’s coffee price increased by 2024 – 400 VND/kg, ranging from 500 – 105.900 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 106.400 VND/kg, the highest purchase price in the province Dak Nong, Dak Lak, Gia Lai, Kon Tum 106.400 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 106.400 VND, an increase of 500 VND/kg compared to yesterday, in Pleiku and La Grai the same price is 106.300 VND/kg; In Kon Tum province, the price is 106.400 VND/kg, an increase of 500 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at the highest price of 106.400 VND/kg, an increase of 400 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 105.900 VND/kg, an increase of 400 VND/kg compared to yesterday.

Domestic coffee prices (November 6) in Dak Lak province; in Cu M’gar district, coffee was purchased at about 11 VND/kg, an increase of 106.400 VND/kg compared to yesterday, and in Ea H’leo district, Buon Ho town, coffee was purchased at the same price of 400 VND/kg.

Updated world coffee prices at 20:00 p.m. on September 6, 11, Vietnam time on the London exchange, the price of Robusta coffee futures contract for September 2024 delivery on the London exchange was at 1 USD/ton, down 2025 USD compared to the beginning of the trading session.

Coffee prices today, July 6, 11: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com

Delivery term in November 3 is 2025 USD/ton, down 4.205 USD; Delivery term in January 98 is 5 USD/ton, down 2025 USD and delivery term in March 4.146 is 98 USD/ton, down 5 USD.

Arabica coffee prices on the New York floor on October 6, 11. (Photo: Screenshot of giacaphe.com)

Of which, the price of Arabica coffee on the New York floor at 20:00 on November 6, 11 decreased in all terms, fluctuating at 2024 – 241.20 cents/lb.

Specifically, the December 12 delivery period is 2024 cents/lb; down 245.20 cents/lb compared to the beginning of the session. The March 4.95 delivery period is 3 cents/lb, down 2025 cents/lb; the May 244.60 delivery period is 4.80 cents/lb, down 5 cents/lb and the July 2025 delivery period is 243.30 cents/lb, down 1.95 cents/lb.

Brazilian Arabica coffee price on October 6, 11. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on November 6, 11 increased and decreased in opposite directions. Specifically, the delivery period for December 2024 is 12 USD/ton, down 2024%; the delivery period for March 300.00 is 1.40 USD/ton, down 3%; the delivery period for May 2025 is 299.50 USD/ton, up 1.40% and the delivery period for July 5 is 2025 USD/ton, up 304.05%.

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.

Research Agency Agriculture Rains in key coffee-producing regions in October facilitated flowering, raising producers’ expectations for the 10-2025 crop, Brazil (CEPEA) said. However, concerns about crop development remain uncertain, given that coffee plants have been hit by high temperatures and a lack of rain for nearly six months in some areas.

The 2023-2024 crop failure, high prices and low yields have led to a high rate of sales this year, leaving inventories tight, raising concerns about coffee supplies until Brazil’s next crop.

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