Coffee price today November 27, 2024: Extending the strong increase chain
Today's domestic coffee price, November 27, is at 121,000 - 121,900 VND/kg, continuing to increase by 1,600 to 2,200 VND/kg compared to yesterday. World coffee prices increased sharply, surpassing the record mark of 5,000 USD/ton.
Domestic coffee prices today
Specifically, today's coffee price in Dak Lak increased by 1,600 VND/kg, reaching 121,600 VND/kg.
Coffee price today in Lam Dong also increased by 2,200 VND/kg, reaching 121,000 VND/kg.
Similarly, today's coffee price in Gia Lai increased by 1,700 VND/kg, reaching 121,600 VND/kg.
Today's coffee price in Dak Nong has the highest price, increasing by 1,900 VND/kg, reaching 121,900 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 61 USD/ton, at 5,171 USD/ton, and for January 2025 delivery increased by 74 USD/ton, at 5,110 USD/ton.
Arabica coffee prices for December 2024 delivery increased by 2.80 cents/lb to 307.60 cents/lb, and for March 2025 delivery increased by 2.90 cents/lb to 305.15 cents/lb.
Coffee prices rose on concerns about bad weather in Vietnam and Brazil. A prolonged dry spell has affected Arabica coffee, with October rains helping the plants flower but there is still a risk of them failing to set fruit.
Strong arabica exports have left Brazil’s end-of-season coffee inventories forecast at just 1.2 million bags, down 26% from a year ago. Production for 2024-2025 has also been revised down to 66.4 million bags.
Heavy rains have destroyed 15% of Costa Rica’s coffee crop, causing $45 million in damage. Flooding and landslides caused by the storm threaten the country’s famed arabica coffee industry.
