Coffee price today December 15, 2024: World coffee prices fluctuate
Today's domestic coffee price, December 15, is at 123,500 - 125,200 VND/kg. World coffee prices fluctuate on the London and New York exchanges.
Domestic coffee prices today
Specifically, today's coffee price in Dak Lak increased by 1,000 VND/kg compared to yesterday, reaching 125,000 VND/kg.
Coffee prices today in Lam Dong also increased by 800 VND/kg compared to yesterday, reaching 123,500 VND/kg.
Similarly, today's coffee price in Gia Lai increased by 1,000 VND/kg compared to yesterday, reaching 125,000 VND/kg.
Coffee prices today in Dak Nong are still at the highest level, increasing by 1,000 VND/kg compared to yesterday, reaching 125,200 VND/kg.
The recent surge in coffee prices comes amid concerns about the 2025 coffee crop in Brazil, the world’s largest coffee producer. In particular, experts say that this year’s volatile weather could negatively impact the country’s coffee output.
Brazil experienced its worst drought in 70 years in August and September, followed by heavy rains in October. This has raised concerns that the 2025 coffee crop may fall short of expectations, especially during the flowering stage, said Ole Hansen, head of commodity strategy at Saxo Bank.
Analysts say the poor weather in Brazil may prevent coffee prices from falling as quickly as expected. “History has shown that coffee prices will only fall as supplies improve and stocks are replenished. However, this is a long-term process that could take years rather than months,” said David Oxley, chief climate and commodities economist at Capital Economics.
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 15 USD/ton compared to yesterday, at 5,209 USD/ton, and for January 2025 delivery increased by 32 USD/ton compared to yesterday, at 5,184 USD/ton.
Arabica coffee prices for December 2024 delivery decreased by 1.75 cents/lb compared to yesterday, at 318.50 cents/lb, and for March 2025 delivery decreased by 1.95 cents/lb compared to yesterday, at 317.05 cents/lb.
After a strong price increase lasting 6 weeks, the coffee market showed signs of cooling down in the last trading session of the week when price movements on the London and New York exchanges showed clear differences.
The London exchange recorded four consecutive sessions of increase last week, but the increase was only in double digits. In total, the price of coffee futures for January 2025 increased by $163, although there was one session of decrease of $107. The overall result this week was a slight increase of $56/ton, marking the sixth consecutive week of coffee price increase. However, in the previous five weeks, coffee prices had seen strong growth, fluctuating between $200 - $400/ton.
In contrast to the slight increase on the London floor, the price of Arabica coffee on the New York floor decreased last night. Specifically, the price of March 2025 futures decreased by 38.5 USD to 7,029 USD/ton, the price of May 2025 futures decreased by 43 USD to 6,975 USD/ton. However, the price of July 2025 futures increased slightly by 44 USD, reaching 6,874 USD/ton.
