Coffee price today August 14: Coffee price increased slightly by 1,000 VND
Coffee prices today, August 14, are in the range of 118,800 - 119,500 VND/kg, a slight increase of 1,000 VND compared to yesterday. Concerns about frosty weather in Brazil have pushed coffee prices up sharply again.
In Di Linh, Lam Ha, Bao Loc districts (Lam Dong), coffee prices today are purchased at 118,800 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 119,500 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 119,400 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 119,500 VND/kg in Gia Nghia and 119,400 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 119,300 VND/kg (Chu Prong), in Pleiku and La Grai the price is 119,200 VND/kg.
Today's coffee price in Kon Tum province is purchased at 119,300 VND/kg.
The domestic coffee market increased slightly by 1,000 VND compared to the same time yesterday.
At the end of the most recent trading session, the price of Robusta coffee in London for September 2024 delivery decreased by 107 USD/ton, at 4,425 USD/ton, and for November 2024 delivery decreased by 126 USD/ton, at 4,233 USD/ton.
Arabica coffee prices for September 2024 delivery decreased by 8.25 cents/lb to 232.60 cents/lb, and for December 2024 delivery decreased by 7.80 cents/lb to 230.75 cents/lb.
In last night's trading session, the closing prices of robusta and arabica coffee fell significantly.
The London exchange saw limited trading due to tight robusta supplies, while the arabica market saw large wholesale volumes.
The coffee market is highly sensitive to changes in production. In particular, a combination of frost and drought could severely impact the 2025/26 crop. Brazil, which is facing both, is at risk of a decline in coffee production, adding a level of uncertainty to an already volatile market.
Investors are keeping an eye on weather conditions in Brazil, as any major fluctuations could send coffee futures prices swinging.
The combination of frost, insufficient rainfall and drought conditions creates an uncertain backdrop for coffee production, potentially having a major impact on the next harvest.
