Experts predict that coffee prices on November 9, 2024 may increase depending on the region and supply.

Experts say that with unfavorable weather conditions in major production areas and high demand from major markets, domestic coffee prices are likely to continue to benefit from the rise in international coffee prices.

November 9, 2024 Coffee Price Forecast: Continue to benefit from the rising momentum of world coffee prices

Recorded in the trading session on November 8, 2024, today’s coffee price decreased by 1.000 VND/kg, ranging from 105.500-106.000 VND/kg. Currently, the average purchase price in the Central Highlands provinces is 105.800 VND/kg, the highest purchase price in the province Dak Nong, Dak Lak, Gia Lai, Kon Tum 106.000 VND/kg.

Specifically, the coffee purchase price in Gia Lai province (Chu Prong) is 106.000 VND, down 1.000 VND/kg compared to yesterday, in Pleiku and La Grai the same price is 105.900 VND/kg; In Kon Tum province, the price is 106.000 VND/kg, down 1.000 VND/kg compared to yesterday; In Dak Nong province, coffee is purchased at the highest price of 106.000 VND/kg, down 1.000 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 1.000 VND/kg compared to yesterday.

Domestic coffee price on 8/11 in Dak Lak province; in Cu M’gar district, coffee was purchased at about 106.000 VND/kg, down 1.000 VND/kg compared to yesterday, and in Ea H’leo district, Buon Ho town, coffee was purchased at the same price of 106.900 VND/kg.

Coffee price update world At 20:00 on November 8, 2024, Vietnam time on the London exchange, the price of Robusta coffee futures contract for monthly delivery January 2025 on the London exchange was at 4.425 USD/ton, down 61 USD compared to the beginning of the trading session.

Coffee price today November 8, 2024: Robusta coffee price on London floor. (Photo: Screenshot giacaphe.com

The monthly delivery term March 2025 is 4.364 USD/ton, down 60 USD; the monthly delivery term May 2025 is 4.310 USD/ton, down 55 USD and the monthly delivery term July 2025 is 4.229 USD/ton, down 53 USD.

Arabica coffee price on New York floor on November 8, 2024. (Photo: Screenshot of giacaphe.com)

Of which, the price of Arabica coffee on the New York floor at 20:00 on November 8, 2024 decreased in all terms, fluctuating at 249.80 – 254.20 cents/lb.

Specifically, the monthly delivery term December 2024 is 254.20 cents/lb; down 6.20 cents/lb compared to the beginning of the session. The monthly delivery term March 2025 is 253.65 cents/lb, down 6.10 cents/lb; the monthly delivery term May 2025 is 252.35 cents/lb, down 6 cents/lb and the monthly delivery term July 2025 is 249.80 cents/lb, down 5.95 cents/lb.

Brazilian Arabica coffee price on November 8, 2024.(Photo: Screenshot of giacaphe.com)

Brazilian Arabica coffee prices today at 21:00 p.m. November 8, 2024 increased and decreased in opposite directions. Specifically, the monthly delivery term December 2024 was 311.10 USD/ton, down 1.88%; the monthly delivery term March 2025 was 311.15 USD/ton, down 1.72%; the monthly delivery term May 2025 was 317.55 USD/ton, up 5.10% and the monthly delivery term July 2025 was 314.00 USD/ton, up 4.95%.

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.

The end of the year is always the peak period for coffee consumption in many countries due to the demand for holidays and Tet. This puts pressure on supply, especially when major producing countries such as Brazil are reducing output due to adverse weather.

Low production in major producing countries: Unfavorable weather conditions in major coffee growing regions such as Brazil and Colombia have affected production, causing market concerns about global coffee supplies.

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