Coffee price today November 20, 2024: Increased beyond 114,000 VND/kg
Today's domestic coffee price, November 20, is at 113,800 - 114,300 VND/kg, a sharp increase of 700 to 800 VND/kg compared to yesterday. The EUDR regulation is an opportunity for Vietnamese coffee exporting enterprises.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 113,800 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 114,300 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 114,200 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 114,300 VND/kg in Gia Nghia and 114,200 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 114,300 VND/kg (Chu Prong), in Pleiku and La Grai the price is 114,200 VND/kg.
Today's coffee price in Kon Tum province is purchased at 114,300 VND/kg.
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 42 USD/ton, at 4,693 USD/ton, and for January 2025 delivery decreased by 31 USD/ton, at 4,644 USD/ton.
Arabica coffee price for December 2024 delivery increased by 0.70 cent/lb, at 281.45 cent/lb, and for March 2025 delivery increased by 0.45 cent/lb, at 282.65 cent/lb.
The EU consumes more than 40% of Vietnam’s coffee output, but regulations that prohibit cultivation on deforested or degraded land pose a major challenge. However, this is also a driving force for sustainable coffee development.
According to Mr. Nguyen Ngoc Quang, Deputy Director of Intimex Buon Ma Thuot, the company has built a traceability system and coordinated with international organizations to implement a sustainable landscape program. At the same time, Intimex works with local authorities to collect information to ensure compliance with EU requirements.
In Dak Nong, the locality with the third largest coffee area in the country, only 23,500 hectares of coffee out of a total of 142,000 hectares are produced according to sustainable standards.
Mr. Pham Tuan Anh, Director of Dak Nong Department of Agriculture, said the province is building a risk zoning map, organizing communication, and calling on businesses to support farmers in reducing emissions and tracing origins.
Sustainable coffee projects in the Central Highlands are being promoted to meet EU regulations, contributing to enhancing the position of Vietnamese coffee in the global market.
