Coffee price today November 19, 2024: Slight increase of 300 VND/kg
Today's domestic coffee price, November 19, is at 113,100 - 113,700 VND/kg, a slight increase of 300 to 400 VND/kg compared to yesterday. Coffee prices have all surpassed the 113,000 VND/kg mark.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 113,100 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 113,500 VND/kg. In Ea H'leo district (Dak Lak), Buon Ho (Dak Lak), the coffee price today is purchased at the same level of 113,600 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 113,700 VND/kg in Gia Nghia and 113,600 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 113,500 VND/kg (Chu Prong), in Pleiku and La Grai the price is 113,400 VND/kg.
Today's coffee price in Kon Tum province is purchased at 113,500 VND/kg.
Coffee prices have now exceeded 100,000 VND/kg, bringing joy to farmers. However, people are concerned about coffee theft during the harvest season.
To deal with this problem, the local police of Lam Dong province have deployed synchronous measures, focusing on night patrols and closely coordinating with security forces to ensure safety for coffee gardens. The People's Committee of Di Linh district has requested the police to coordinate with functional units to inspect, monitor and organize patrols in coffee gardens and traffic routes, especially in sparsely populated areas.
Lam Ha District Police have also directed commune and town police chiefs to increase 24/7 patrols, focusing on areas with high security risks, especially during peak coffee harvest times. Security camera systems are also used effectively to prevent crimes and social evils.
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 6 USD/ton, at 4,779 USD/ton, and for January 2025 delivery increased by 20 USD/ton, at 4,719 USD/ton.
Arabica coffee prices for December 2024 delivery increased by 1.55 cents/lb to 283.35 cents/lb, and for March 2025 delivery increased by 1.75 cents/lb to 285.05 cents/lb.
The Vietnam Coffee and Cocoa Association (Vicofa) said that for the first time in 30 years, Vietnamese coffee prices have become the most expensive in the world. At times, Robusta coffee prices even surpassed Arabica coffee prices. During this crop year, coffee prices on the London exchange also surpassed the threshold of 5,000 USD/ton for the first time.
The 2023-2024 crop year is considered a "miracle crop year" for the Vietnamese coffee industry, with export output of less than 1.5 million tons but export turnover reaching over 5 billion USD. Coffee prices are high, recording many records in price and export, and Vietnamese coffee is increasingly important in the world market.
This success is mainly due to farmers producing quality coffee in sufficient quantities, helping to maintain high prices. However, entering the 2024-2025 crop year, coffee prices have continuously decreased, making coffee consumption in growing areas difficult.
However, coffee prices are expected to remain high in the 2024-2025 crop year, as output is expected to decrease by about 15% compared to the previous crop year. The agricultural sector forecasts that this year's coffee exports will reach the target of over 5 billion USD.
