Coffee price today October 11, 2024: Slight increase of 100 VND in Dak Lak and Gia Lai
Today's domestic coffee price, October 11, is at 112,800 - 113,500 VND/kg, coffee price increased slightly by 100 VND/kg in Dak Lak and Gia Lai compared to yesterday.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 112,800 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 113,500 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho district (Dak Lak), the coffee price today is purchased at the same level of 113,400 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 113,500 VND/kg in Gia Nghia and 113,400 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 113,500 VND/kg (Chu Prong), in Pleiku and La Grai the price is 113,400 VND/kg.
Today's coffee price in Kon Tum province is purchased at 113,500 VND/kg.
| Province/district (survey area) | Average (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 113,500 | +100 |
| Lam Dong | 112,800 | - |
| Kon Tum | 113,500 | +100 |
| Gia Lai | 113,500 | +100 |
| Dak Nong | 113,500 | - |
Mr. Tran Dinh Trong, leader of Eatu Agricultural Cooperative in Buon Ma Thuot, said the coffee harvest season started in November. Currently, coffee prices range from 113,000 to 115,000 VND/kg, but few people sell due to income from the durian season.
Farmers are happy with the high coffee prices and are investing more in coffee tree care and regeneration. Forecasts show that the global coffee market will increase from $132.13 billion in 2024 to $166.39 billion in 2029.
This growth is driven by increased coffee consumption among young people, higher incomes and urbanization. Vietnam has the potential to increase the value of its coffee exports and needs to adopt sustainable farming to sustain long-term growth.
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 31 USD/ton, at 4,896 USD/ton, and for January 2025 delivery increased by 28 USD/ton, at 4,729 USD/ton.
Arabica coffee prices for December 2024 delivery increased by 3.25 cents/lb to 253.30 cents/lb, and for March 2025 delivery increased by 3.15 cents/lb to 251.95 cents/lb.
Rains have begun to increase in southern and southeastern Brazil, an important region for coffee production, but have not yet reached the required levels. Rainfall is expected to increase over the next 10 days, especially in the southeast, with above-average amounts of 25-75 mm, and possibly as much as 120 mm in some southern areas.
This weather situation gives hope for Brazil’s coffee supply for the 2025-2026 crop year. Global coffee exports are also showing signs of improvement, with Colombia reporting exports of 987,000 bags of Arabica coffee in September, up 17% from a year earlier.
The International Coffee Organization (ICO) announced that global coffee exports in August reached 9.91 million bags, up 8.8% compared to August 2023. By the end of August 2024, coffee exports from the beginning of the 2023-2024 crop year had reached 113.8 million bags, up 10.5% compared to the previous crop year.
