Coffee price today December 24, 2024: Slight decrease in the Central Highlands
Coffee prices today, December 24, recorded a slight decrease from 300 to 700 VND/kg in the Central Highlands region. The current trading price fluctuates between 120,000 and 121,000 VND/kg.
Domestic coffee prices today
Specifically, today's coffee price in Dak Nong is maintaining the highest purchase price at 121,000 VND/kg, however this price has decreased by 300 VND compared to yesterday.
In Dak Lak, coffee prices decreased by 500 VND/kg, reaching 120,500 VND/kg.
Gia Lai area is no exception, with prices dropping sharply by 700 VND, down to 120,300 VND/kg.
Meanwhile, Lam Dong witnessed the lowest transaction price at 120,000 VND/kg, down 500 VND/kg.
| Market | Medium | Change from yesterdaybefore |
| Dak Lak | 120,500 | -500 |
| Lam Dong | 120,000 | -500 |
| Gia Lai | 120,300 | -700 |
| Dak Nong | 121,000 | -300 |
According to data from the General Department of Customs, Vietnam's coffee exports in the first half of December 2024 reached only 48,371 tons, down 51.5% in volume compared to the same period last year. However, the turnover reached 263.6 million USD, proving that the average export price has increased.
Since the beginning of the year, Vietnam has exported 1.26 million tons of coffee with a record turnover of 5.2 billion USD, up 32.4% compared to 2023. The average export price this year reached 4,105 USD/ton, up 58.5% over the same period.
World coffee prices today
At the end of the most recent trading session, the price of Robusta coffee in London for January 2025 delivery decreased by 18 USD/ton compared to the end of last week, at 4993 USD/ton, and for March 2025 delivery decreased by 16 USD/ton compared to the end of last week, at 4986 USD/ton.
Arabica coffee prices for March 2025 delivery increased by 0.15 cents/lb compared to the end of last week, at 325.15 cents/lb, and for May 2025 delivery increased by 0.8 cents/lb compared to the end of last week, at 320.10 cents/lb.
Experts say the international market is still in a state of supply shortage, causing coffee prices to remain high in the coming time.
The Chinese market is currently becoming one of the most important partners with the ever-increasing demand for instant coffee. According to a report from the USDA, in the 2024-2025 crop year, China is expected to import 336,000 tons of coffee, of which Vietnam plays the role of the main supplier thanks to its quality and reputation.
However, challenges such as adverse weather conditions and the impending EUDR (European Union Directive) are posing challenges. Nevertheless, the Chinese market still provides many positive incentives for the Vietnamese coffee industry, helping to ensure long-term growth.
