Experts predict that coffee prices on October 29, 10 in the domestic market will continue to decline tomorrow and tend to decrease in the following days.

The 2024-2025 coffee crop has begun since early October, and the price of Robusta coffee on the London exchange has dropped about $10/ton compared to its peak at the end of September.

At the market world, the Brazilian Real continued to decline sharply, causing the USD/BRL exchange rate to increase during trading hours. Favorable weather in Brazil and abundant supply from the new harvest in Vietnam continued to be factors that caused coffee prices to decline last week.

Recorded in the trading session on October 28, 10, domestic coffee prices today are stable at around 2024-109.400 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 110.000 VND/kg, the highest purchase price in the province Dak Nong 110.000 VND/kg.

Coffee price forecast October 29, 10: Will the decline in domestic coffee prices stop?

Specifically, the coffee purchase price in the province Gia Lai (Chu Prong) is 109.800 VND, unchanged from yesterday, in Pleiku and La Grai the same price is 109.700 VND/kg; In the province Kon Tum at the price of 109.800 VND/kg, stable compared to yesterday; In Dak Nong province, coffee was purchased at the highest price of 110.000 VND/kg, stable 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 109.400 VND/kg, unchanged from yesterday.

Coffee prices today (April 28) in the province Dak LakIn Cu M’gar district, coffee was purchased at about 109.800 VND/kg, also slowing down following the general trend, 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 August 28, 10, Vietnam time on the London exchange, the price of Robusta coffee futures contract for delivery in September 2024 on the London floor is at 11 USD/ton, an increase 2024 USD compared to the beginning of the trading session.

Coffee prices today, July 28, 10: Robusta coffee prices on the London floor. (Photo: Screenshot from giacaphe.com

Delivery term in November 1 is 2025 USD/ton, an increase of 4.405 USD; Delivery term in January 82 is 3 USD/ton, up 2025 USD and delivery term in March 4.313 is 57 USD/ton, up 5 USD.

Arabica coffee prices on the New York floor on October 28, 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 28, 10 increased in all terms, fluctuating at 2024 – 249.40 cents/lb.

Specifically, the delivery term in September 12 is 2024 cents/lb; increased 254.85 cents/lb compared to the beginning of the session. December 6.45 delivery is 3 cents/lb, an increase of 2025 cents/lb; The March 253.70 delivery period is 6.20 cents/lb, an increase of 5 cents/lb and the May 2025 delivery period is 252.15 cents/lb, an increase of 6 cents/lb.

Brazilian Arabica coffee price on October 28, 10. (Photo: Screenshot of giacaphe.com)

The price of Brazilian Arabica coffee today at 21:00 p.m. on October 28, 10 increased. Specifically, the delivery period for December 2024 is 12 USD/ton, up 2024%; the delivery period for March 305.40 is 1.63 USD/ton, up 3%; the delivery period for May 2025 is 306.00 USD/ton, up 1.63% and the delivery period for July 5 is 2025 USD/ton, up 301.40%.

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 Import-Export Department (Ministry of Industry and Trade), world coffee prices have decreased recently due to the Brazilian Real falling against the USD, encouraging Brazilian producers to increase sales.

In addition, favorable weather and steady rainfall in Brazil’s key robusta growing region of Espirito Santos have eased supply concerns that have put downward pressure on prices.

As Vietnam enters a new harvest season, increased supplies of robusta coffee also impact coffee prices.

In addition, the European Deforestation Regulation (EUDR) is being suspended to allow third countries, Member States, operators and traders to fully prepare for due diligence obligations, which is also expected to impact coffee prices. The regulation is scheduled to be voted on by the European Parliament on 13 and 14 November 11.

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