Coffee prices today, October 12, 2024: Continuing to rise slightly.
Today, October 12th, domestic coffee prices are at 113,300 - 114,100 VND/kg, a slight increase of 500 to 600 VND/kg compared to yesterday.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, and Bao Loc districts (Lam Dong province), the price of coffee today is being purchased at 113,300 VND/kg.
In Cu M'gar district (Dak Lak), the price of coffee today is 114,000 VND/kg. In Ea H'leo district (Dak Lak) and Buon Ho (Dak Lak), the price of coffee today is the same at 113,900 VND/kg.
Similarly, in Dak Nong province, today's coffee prices are being purchased at 114,100 VND/kg in Gia Nghia and 114,000 VND/kg in Dak R'lap.
In Gia Lai province, today's coffee price is 114,000 VND/kg (Chu Prong), while in Pleiku and La Grai it is 113,900 VND/kg.
Meanwhile, the price of coffee today in Kon Tum province is being purchased at 114,000 VND/kg.
Although coffee raw material prices are rising, there's no need to worry too much about coffee becoming a luxury item. Mr. Nguyen Huu Long, Director of VCA, believes that coffee remains a highly profitable business with low costs.
Raw coffee beans cost around 120,000 VND/kg, allowing for the production of 50 to 100 cups of coffee, with a cost of 2,000 to 4,000 VND per cup. Large coffee chains like Highlands, Phuc Long, and The Coffee House charge 30,000 to 40,000 VND per cup, even after raw material prices have increased.
Experts recommend that coffee shops carefully adjust their prices to avoid losing customers due to price-sensitive issues.
World coffee prices today
At the close of the most recent trading session, Robusta coffee prices in London for November 2024 delivery fell by $31/ton to $4,862/ton, and for January 2025 delivery fell by $28/ton to $4,706/ton.
Arabica coffee prices for December 2024 delivery fell by 1.05 cents/lb to 253.70 cents/lb, and for March 2025 delivery fell by 1.30 cents/lb to 252.15 cents/lb.
Current coffee prices are volatile and heavily influenced by speculators, making price predictions extremely difficult. Companies need to be cautious when buying and selling at high prices, and coffee prices are expected to remain high, above $4,000 per ton, for the next five years.
Global coffee consumption habits are changing, with consumers increasingly favoring organic coffee for its health benefits. To adapt to this trend, coffee producers need to innovate their products.
Commodity markets have been relatively stable recently due to tensions in the Middle East. Investors are awaiting financial data from the US to assess the likelihood of a second interest rate cut.
