Coffee price today November 26, 2024: Increased to reach 120,000 VND/kg
Today's domestic coffee price, November 26, reached 120,000 VND/kg, while the export coffee price increased sharply, surpassing the 5,000 USD/ton mark.
Domestic coffee prices today
Specifically, in Di Linh, Lam Ha, Bao Loc districts (Lam Dong), today's coffee price is purchased at 118,800 VND/kg.
In Cu M'gar district (Dak Lak), the coffee price today is at 120,000 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 119,900 VND/kg.
Similarly in Dak Nong province, today's coffee purchase price is at 120,000 VND/kg in Gia Nghia and 119,900 VND/kg in Dak R'lap.
In Gia Lai province, coffee price today is at 119,900 VND/kg (Chu Prong), in Pleiku and La Grai the price is 119,800 VND/kg.
Today's coffee price in Kon Tum province is purchased at 119,900 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 265 USD/ton, at 5,250 USD/ton, and for January 2025 delivery increased by 243 USD/ton, at 5,166 USD/ton.
Arabica coffee prices for December 2024 delivery increased by 6.05 cents/lb, to 308.15 cents/lb, and for March 2025 delivery increased by 5.75 cents/lb, to 305.35 cents/lb.
Global coffee production is facing many challenges. A report from the USDA's Foreign Agricultural Service (FAS) forecasts Brazil's coffee production in the 2024/25 crop year to fall to 66.4 million bags, down from the previous estimate of 69.9 million bags.
Brazil’s ending stocks are also forecast to fall sharply by 26% to 1.2 million bags. The drought that has been ongoing since April continues to damage coffee trees, especially during the flowering stage, making the outlook for the 2025/26 arabica crop less optimistic.
Robusta coffee markets are also under pressure due to tight supplies. Vietnam, the world’s largest robusta producer, saw exports in October fall 11.6% month-on-month and 11.1% year-on-year.
Heavy rains in coffee growing regions have delayed harvests, while robusta output in the 2023/24 crop year is expected to fall 20% to a four-year low. This has pushed robusta prices higher on the world market.
Rising global supplies are putting downward pressure on prices. The International Coffee Organization (ICO) reported that global coffee exports in September rose 25% year-on-year to 10.76 million bags, and for the year as a whole, they increased 11.7%.
World coffee production in 2023/24 is expected to reach a record 178 million bags. However, arabica stocks are recovering from a 24-year low, while robusta stocks have fallen to a 6.5-month low.
