Coffee price today December 10, 2024: Domestic price decreases, world price continues to increase
Today, December 10, domestic coffee prices are at 121,000 - 122,000 VND/kg, down 2,000 VND/kg. However, coffee prices on the two international exchanges continue to increase sharply.
Domestic coffee prices today
Specifically, today's coffee price in Dak Lak decreased by 2,000 VND/kg compared to yesterday, reaching 122,000 VND/kg.
Coffee prices today in Lam Dong also decreased by 2,000 VND/kg compared to yesterday, reaching 121,000 VND/kg.
Similarly, today's coffee price in Gia Lai decreased by 2,000 VND/kg compared to yesterday, reaching 122,000 VND/kg.
Coffee prices today in Dak Nong are still at the highest level, down 2,000 VND/kg compared to yesterday, reaching 122,000 VND/kg.
According to the General Statistics Office, Vietnam's coffee exports in November reached only 1 million bags, down 49.1% over the same period last year.
Accumulated in the first two months of the current coffee crop year (October and November), coffee exports from Vietnam, the world's largest producer and exporter of robusta coffee, reached 983,000 bags, 36.61% lower than the figure of more than 1.73 million bags in the same period last crop year.
However, the value of coffee sales in the first 11 months of 2024, was reported to have increased by 35.4% year-on-year to a record $4.9 billion.
World coffee prices today
At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery increased by 133 USD/ton compared to yesterday, at 5,286 USD/ton, and for January 2025 delivery increased by 141 USD/ton compared to yesterday, at 5,257 USD/ton.
Arabica coffee prices for December 2024 delivery increased by 1.15 cents/lb compared to yesterday, at 331.40 cents/lb, and for March 2025 delivery increased by 1.05 cents/lb compared to yesterday, at 328.65 cents/lb.
