Coffee price today November 25, 2024: Increased by more than 4,000 VND/kg
Today's domestic coffee price, November 25, is at 117,000 - 117,500 VND/kg, a sharp increase of 4,100 to 4,300 VND/kg compared to the beginning of last week. Robusta price increased by more than 4%, approaching the 5,000 USD/ton mark, Arabica increased by 2.16%.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 117,000 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 117,500 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 117,400 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 117,500 VND/kg in Gia Nghia and 117,400 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 117,400 VND/kg (Chu Prong), in Pleiku and La Grai the price is 117,300 VND/kg.
Today's coffee price in Kon Tum province is purchased at 117,400 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 198 USD/ton, at 4,985 USD/ton, and for January 2025 delivery increased by 191 USD/ton, at 4,923 USD/ton.
Arabica coffee price for December 2024 delivery increased by 6.40 cents/lb, at 302.10 cents/lb, and for March 2025 delivery increased by 6.45 cents/lb, at 299.60 cents/lb.
Last week, the price of Robusta coffee futures for December had 3 sessions of decrease totaling 128 USD, but in return, 2 sessions increased sharply with a total of 340 USD. At the end of the week, the price increased 212 USD/ton, only 15 USD away from the historical mark of 5,000 USD/ton.
Both coffee exchanges recorded their third consecutive weekly gain. The US Department of Agriculture (FAS) forecasts Brazil's coffee production in the 2024/25 crop at 66.4 million bags, down from 69.9 million bags previously, and inventories at just 1.2 million bags, down 26% from the previous year.
Conab, Brazil’s crop forecasting agency, also cut its 2023/24 production forecast from 58.8 million to 54.8 million bags. Drought and below-average rainfall in Brazil continue to hurt the crop, pushing up coffee prices.
The shortage of Robusta supply, combined with Vietnam's 11.6% decrease in October coffee exports, has contributed to pushing Robusta prices closer to the $5,000/ton mark.
At the end of the week, Robusta prices increased by more than 4%, Arabica increased by 2.16%, thanks to reports of low output from Brazil and slow supply from Vietnam to the market.
