Coffee prices today, November 27, 2024: Continuing the strong upward trend.

Domestic coffee prices today

Specifically, the price of coffee in Dak Lak today increased by 1,600 VND/kg, reaching 121,600 VND/kg.

Coffee prices in Lam Dong also increased by 2,200 VND/kg today, 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 reached its highest level, increasing by 1,900 VND/kg to 121,900 VND/kg.

World coffee prices today

At the close of the most recent trading session, Robusta coffee prices in London for November 2024 delivery rose by $61/ton to $5,171/ton, and for January 2025 delivery rose by $74/ton to $5,110/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 due to concerns about bad weather in Vietnam and Brazil. The prolonged hot and dry period has affected Arabica coffee, and although October rains helped the plants flower, there is still a risk of them not setting fruit.

Strong arabica exports have led to a projected end-of-season coffee inventory in Brazil of only 1.2 million bags, a 26% decrease compared to the previous year. Production for the 2024-2025 crop year has also been revised downwards to 66.4 million bags.

Heavy rains destroyed 15% of Costa Rica's coffee crop, causing $45 million in losses. Flooding and landslides, caused by the storm, threaten the country's renowned arabica coffee industry.