Coffee price today November 21, 2024: Domestic and world prices both decrease
Today, November 21, domestic coffee prices are at 113,000 - 113,500 VND/kg, down sharply by 800 VND/kg compared to yesterday. World coffee prices have slightly decreased on both London and New York exchanges.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 113,000 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 district (Dak Lak), the coffee price today is purchased at the same level of 113,400 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 113,500 VND/kg in Gia Nghia and 113,400 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.
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 73 USD/ton, at 4,729 USD/ton, and for January 2025 delivery increased by 70 USD/ton, at 4,679 USD/ton.
Arabica coffee prices for December 2024 delivery increased by 4.80 cents/lb to 286.10 cents/lb, and for March 2025 delivery increased by 5.25 cents/lb to 284.55 cents/lb.
After a week of strong increases, coffee prices on the world market yesterday fell slightly on both London and New York exchanges. The reason is that the European Parliament delayed the application of the EU Deforestation Regulation (EUDR) for another 12 months.
Coffee prices stabilized today thanks to favorable weather in Brazil. According to Somar Meterologia, rainfall in Minas Gerais, Brazil's largest Arabica coffee growing region, reached 60.9 mm last week, 127% higher than average.
Coffee prices were also affected by uncertainty surrounding the EUDR and the possibility of US tariffs on coffee, Rabobank said.
