Coffee price today December 18, 2024: Increase of 800 VND/kg
Today, December 18, domestic coffee prices are at 123,200 - 125,000 VND/kg. Coffee prices increased by 800 VND/kg compared to yesterday. Below-average rainfall has raised concerns about the prospects of Brazil's 2025-2026 crop.
Domestic coffee prices today
Specifically, today's coffee price in Dak Lak increased by 800 VND/kg compared to yesterday, reaching 124,800 VND/kg.
Coffee price today in Lam Dong also increased by 700 VND/kg compared to yesterday, reaching 123,200 VND/kg.
Similarly, today's coffee price in Gia Lai increased by 800 VND/kg compared to yesterday, reaching 124,800 VND/kg.
Coffee prices today in Dak Nong remain at their highest level, increasing by VND800/kg compared to yesterday, reaching VND125,000/kg.
According to the Ministry of Agriculture and Rural Development, coffee exports will reach a record high of 5.4 billion USD in 2024. This is the fastest growing commodity in the agricultural group, with an impressive increase of 56.9% compared to the previous year.
In the US market, although the volume of coffee exports decreased by nearly 30%, the value increased by 11% compared to 2023. This shows that the price of coffee exported to the US is at a higher level, compensating for the decrease in volume.
Notably, the Chinese market recorded strong growth in both volume and value. Specifically, the volume of exported coffee increased by 34.3% while the value increased by 65% compared to the same period last year. In addition, coffee exports to ASEAN countries also made great strides with volume increasing by 41% and value increasing by 83%.
World coffee prices today
At the end of the most recent trading session, the price of Robusta coffee in London for November 2024 delivery decreased by 55 USD/ton compared to yesterday, at 5,175 USD/ton, and for January 2025 delivery decreased by 67 USD/ton compared to yesterday, at 5,136 USD/ton.
Arabica coffee price for December 2024 delivery decreased by 6.45 cents/lb compared to yesterday, at 320.35 cents/lb, and March 2025 decreased by 6.10 cents/lb compared to yesterday, at 317.08 cents/lb.
Coffee prices in the global market are on an upward trend, mainly due to lower than average rainfall in Brazil. This has raised concerns about the prospects of the 2025-2026 coffee crop in Brazil – the world's largest coffee producer and exporter.
Minas Gerais state, Brazil’s largest arabica coffee growing region, recorded just 35.2 mm of rain last week, according to the Somar Meteorologia, a weather agency. That’s only 65% of the historical average, adding to the pressure on coffee supplies.
Brazilian coffee producers had sold 79% of their 2024-2025 crop as of December 11, a monthly survey by Safras & Mercado found. That was 9% higher than a month ago, suggesting sales were picking up.
The recent price surge, coupled with speculation about a possible reduction in the next harvest, is keeping sellers on their toes, said Safras & Mercado consultant Gil Barabach. “Increasing pessimism about the size of the upcoming Brazilian crop is the main factor keeping producers cautious,” he said.
