Coffee price today August 15: Coffee price dropped sharply by more than 2,000 VND
Coffee price today, August 15, is around 116,600 - 117,300 VND/kg, down more than 2,000 VND compared to yesterday.
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 116,600 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 117,300 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 117,200 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 117,300 VND/kg in Gia Nghia and 117,200 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 117,100 VND/kg (Chu Prong), in Pleiku and La Grai the price is 117,000 VND/kg.
Today's coffee price in Kon Tum province is purchased at 117,100 VND/kg.
The domestic coffee market dropped sharply by 2,200 VND compared to the same time yesterday.
| Market | Medium | Change |
|---|---|---|
| Dak Lak | 117,300 | -2,200 |
| Lam Dong | 116,600 | -2,200 |
| Gia Lai | 117,100 | -2,200 |
| Dak Nong | 117,300 | -2,200 |
Vietnam’s coffee exports are expected to decline in September due to supply constraints. Coffee supplies are expected to increase again when the new harvest begins in October, marking the 2024-2025 crop year.
According to a report from the Ministry of Agriculture and Rural Development, in the first 7 months of 2024, Vietnam exported 964 thousand tons of coffee, with a value of nearly 3.54 billion USD. Compared to the same period last year, the export volume decreased by 13.8%, but the value increased by 30.9%.
Coffee output for the 2023/2024 crop year is expected to reach only 1.47 million tons, down 20% from the previous crop year and the lowest level in the past four years. Due to unfavorable weather conditions, coffee output for the 2024/2025 crop year is likely to continue to decline.
Excluding last year's inventory, Vietnam may have only about 200,000 tons of coffee left to export by the end of September.
At the end of the most recent trading session, the price of Robusta coffee in London for September 2024 delivery increased by 106 USD/ton, at 4,481 USD/ton, and for November 2024 delivery increased by 118 USD/ton, at 4,305 USD/ton.
Arabica coffee prices for September 2024 delivery increased by 5.95 cents/lb, to 238.65 cents/lb, and for December 2024 delivery increased by 6.65 cents/lb, to 235.70 cents/lb.
